Kazakhstan’s Constitutional Referendum
Change within the ruling elite and likely redistribution of assets amid a lack of

legitimacy and increasing foreign political risks

June 20, 2022
Nur-Sultan, Kazakhstan

On 5 June, Kazakhstan held a referendum to amend the country’s constitution. With a turnout of over 68%, more than 77% voted in support of the amendments that have led to crucial changes in the country’s power structure. 19% voted against the amendments, while international observers have remained largely reserved on this crucial vote.

The approved 56 amendments, which came into force on 8 June, envisage several changes to the country’s political system, in favour of President Kassym-Jomart Tokayev. These include amendments to the electoral procedure, presidential, parliamentary and regional powers, the judiciary, the status of former President Nursultan Nazarbayev, general provisions of the Constitution, the resumption of the activities of the Constitutional Court and an official prohibition on the death penalty.

Aretera provides an analysis of this referendum and its implications for foreign investors.
If you would like to schedule a discussion of this paper, please contact:
Daniyar Koshenov, Regional Co-Director, Kazakhstan, Central Asia & Sough Caucasus at d.koshenov@areterapa.com