The project aims to simplify administrative management, improve the efficiency of public services, and strengthen the digital security of institutional systems, as well as advance data interoperability between countries.

The presentation included the participation of Miguel López-Valverde, Minister of Digitalization for the Community of Madrid, and Dimitri Mun, Deputy Minister of Artificial Intelligence for Kazakhstan, who outlined the progress of the collaboration between the two institutions.

Below, we exclusively interview Dimitri Mun, Deputy Minister of Artificial Intelligence for ElMundoFinanciero.com readers.

Q1: Kazakhstan has recently been recognized for its rapid digital transformation and AI adoption in the public sector. What is the foundational infrastructure that makes this advanced AI development possible?

Vice-Minister: Artificial intelligence cannot exist without high-quality, structured data. We understood this early on, which is why Kazakhstan’s AI revolution didn't start yesterday – it began with the creation of Smart Data Ukimet (SDU) in 2019. SDU is our national, depersonalized data lake that securely connects and synchronizes information from across dozens of isolated state databases.

Because we spent years building this robust data foundation, we can now launch sophisticated AI tools. A prime example is our Digital Family Card. This is a flagship initiative that analyzes over 100 socioeconomic parameters to assess the well-being of families across the country on a daily basis.

To make this data actionable, we integrated an AI Decision Support System. This AI tool continuously analyzes the Digital Family Card data to identify risks and shocks at the municipal level, proactively suggesting to local authorities which families need targeted state support before a crisis occurs. All of these initiatives are now being consolidated under our National AI Platform, which provides the sovereign computing power and ecosystem needed to scale these intelligent agents across the entire government.

Q2: Moving from infrastructure to everyday life, how exactly is Artificial Intelligence practically helping regular citizens, as well as easing the daily burden on your civil servants?

For citizens, AI is transforming the government from a bureaucratic machine into a personalized digital concierge. We have integrated an eGov AI Assistant directly into our public service portal. Instead of navigating complex menus or searching for specific forms, a citizen can simply type their life situation into a chat interface. The AI assistant understands the context, navigates the government services in the background, and guides the citizen through the process step-by-step.

For our civil servants, AI is an invaluable tool for reducing routine administrative burdens. We have deeply integrated AI into e-Otinish, our national electronic appeals system. Every day, the government receives thousands of inquiries, complaints, and appeals from citizens. Our AI models now help instantly categorize these appeals, route them to the correct department, and monitor the processing deadlines. This not only drastically speeds up response times for citizens but also frees up our civil servants to focus on solving complex, non-standard problems rather than doing manual sorting.

Q3: Technology is only as effective as the people managing it. How is the government preparing its civil servants to understand and work alongside artificial intelligence?

Vice-Minister: You are absolutely right; human capital is our most critical asset. You cannot build an AI-driven state with analog-era management. To address this, we have launched two major, targeted capacity-building programs.

The first is AI 500 Governance. This is an elite, intensive training program designed specifically for 500 top-level government managers and decision-makers. It equips them with the strategic understanding needed to implement AI solutions within their respective ministries and agencies safely and effectively.

The second is the AI-Sana program ("Sana" translates to consciousness or mind in Kazakh). This is a broader, nation-wide initiative aimed at raising the baseline AI literacy of the wider public sector. We are teaching our civil servants how to use AI for daily tasks, data analysis, and report generation, ensuring that the entire government apparatus speaks the same technological language.

Q4: Looking at international cooperation, there is an upcoming launch of the joint Madrid-Kazakhstan GovTech Lab. Could you elaborate on this initiative and what you hope to achieve with this Open Innovation Platform?

Vice-Minister: We view digital public infrastructure as a global good, and the challenges of digitizing a modern state are universal. The Madrid-Kazakhstan GovTech Lab is a strategic bridge between Central Asia and Europe.

At its core, it is an Open Innovation Platform – a secure sandbox environment. Here, tech teams from Kazakhstan and Spain will work jointly to pilot and stress-test new AI agents and data management tools against real-world municipal and state digitalization challenges.

However, our vision goes beyond just testing software. We are building this Lab to serve as a vibrant hub for the global GovTech community. By demonstrating successful, scalable digital government solutions in Madrid, we intend to use this platform to attract international startups, foster B2B partnerships, and draw venture capital investors who are looking to fund the next generation of GovTech innovations for the European and Latin American markets.

According to Tokayev, a central challenge is the lack of clear measurement of the digital economy’s real impact. Overall indicators like GDP growth can hide how much progress comes from innovation versus traditional industries. He told the government to establish a clear way to measure the contributions of digitalization and AI to the economy.

Tokayev stressed that data is the foundation of effective AI, calling for the rapid creation of unified data systems and the digitization of archives. Without standardized, accessible, and machine-readable data, even advanced technologies will fail to deliver economic results.

He also highlighted the need to transition to a “real-time economy,” where decision-making cycles are reduced from days to seconds through platform-based governance. Existing digital projects – including automated customs processing, tax administration, and financial monitoring systems – demonstrate the potential for efficiency gains, but require scaling.

Beyond infrastructure, Tokayev emphasized the importance of private sector involvement, urging the government to create incentives for business investment in digital platforms and innovation. He called for the development of a full venture ecosystem and faster commercialization of research.

Kazakhstan is also positioning itself as a regional digital and financial hub, with plans to expand the use of the digital tenge, regulate digital assets, and attract global talent through simplified migration policies and long-term residency programs.

At the same time, Tokayev underscored that technological sovereignty depends on infrastructure and cybersecurity, announcing the development of a large-scale Data Center Valley to support AI and cloud computing.

He concluded that the success of artificial intelligence will depend not on the scale of technologies, but on their practical integration into key sectors such as industry, energy, agriculture, and logistics.

“The choice is limited: either we build an effective digital economy or remain on the sidelines of progress,” Tokayev said.

First, Vietnam has solidified its role in global supply chains, ranking as a top three global manufacturing hub in Asia by 2026. Driven by competitive labour costs, strategic trade agreements and considerable infrastructure investment Vietnam has successfully transitioned from low-cost textiles into high-tech electronics.

Second strong exports, particularly in electronics and laptops, are expected to continue with the US a major recipient of Vietnamese goods. In 2025, Vietnam's trade performance sustained its positive momentum, posting a trade surplus of USD 20.0 bn as total exports grew by c.17% over the same period last year.

Vietnam is also proving a popular destination for Foreign Direct Investment (FDI), with Dragon Capital analysis revealing the country will attract US$25 billion from overseas companies in 2026.

FDI is further bolstered by significant private and public sector investment contributing US100 billion and $25 billion respectively.

FTSE Russell confirmed on 8 April it would upgrade Vietnam to emerging market status in September 2026, which will contribute to further economic growth. Dragon Capital's statistics show that the profits of 1,500 listed companies have all shown stable growth, projecting a 15% increase in 2026.

Further, Resolution 68, the landmark directive introduced in 2025 that promotes private sector development, innovation, digital transformation, is driving strong recovery and growth for the private sector.

Finally, Vietnam’s growing ‘golden population’ where the majority of individuals are of working age - combined with rising urbanization - are driving structural growth. Such conditions are often described as paying a ‘demographic dividend, which is expected to last until around 2036–2042.

This growth, which makes Vietnam one of the strongest economies in the south-Pacific region, is driven by progressive political reform; the development of Vietnam Electronic Digital Identification system which will provide a secure, biometric-linked replacement for physical documents; and the country’s ambition to become a regional powerhouse by 2030.

These factors in addition to the prospect of a CCP and the ongoing flow of Foreign Direct Investment into Vietnam are all raising the prospect of an MSCI upgrade before the end of 2028.

Over 2025, Vietnam’s economy delivered a strong performance, with GDP growth of about 8%, a budget surplus of nearly $10 billion, while inflation kept stayed at 3.5%. Retail services and manufacturing both expanded by 9.2%, while disbursed FDI climbed to $27.6 billion.

Looking to this year, Dragon Capital says Vietnamese corporate earnings will grow by around 19%, bringing market valuations back to average levels and creating an attractive environment for long-term accumulation.

Tung Dang, Chief Economist at Dragon Capital, said: “Vietnam has already received an upgrade from frontier to emerging market status from FTSE Russell and is now on course to receive the same from MSCI. Vietnam is more than proving its worth as one of the strongest performing economies in South-Asia and is on track to deliver growth of above 9% this year. With continued positive reform from the Vietnamese government and with more companies choosing Vietnam as a location for burgeoning operations, we see the country going from strength to strength.

“An upgrade to emerging Market is expected to catalyse a new phase of market acceleration in Vietnam underpinned by a significant pipeline of IPOs totalling more than USD 50 billion over 2026–2028.

“We estimate that around $500–$600 million of inflows from FTSE EM index-tracking ETFs and funds at minimum can be expected from the FTSE upgrade, and there could be aggregate active inflows of between $2.5–$7.5 billion from this.

The Anatomy of the Aintree Challenge

What makes the Grand National specifically "the people’s race" is its sheer unpredictability and the daunting nature of its course. Unlike standard flat racing, the Grand National features 30 unique fences, including legendary obstacles like Becher’s Brook, The Canal Turn, and The Chair.

In 2026, the focus on equine welfare and race safety has reached new heights, with technological advancements allowing for real-time monitoring of track conditions and horse health. For the "once-a-year" enthusiast, understanding these variables is key:

The Evolution of Sports Tech: Data Over Intuition

The 2026 edition of the Grand National has seen a significant shift toward data-driven engagement. The casual observer is no longer just picking a name they like or a silk color that catches the eye. Instead, the "How to Bet" guides of today are filled with sophisticated metrics.

Digital platforms have responded to this hunger for information by integrating high-fidelity data feeds. We now see "Heat Maps" of where jumps are most successfully cleared and AI-driven "Form Analyzers" that compare 40 different runners in milliseconds. This technological leap ensures that every participant has access to the same level of professional-grade insight, democratizing the sport and fostering a culture of informed participation. Furthermore, the commitment to high odds and market transparency by regulated operators ensures that the competitive spirit of the race is reflected in the digital environment.

Why the Grand National Dominates Search Trends

From an SEO perspective, the Grand National is a juggernaut. It creates a "high-empathy, high-traffic" window where the search volume for terms like "Grand National runners 2026" and "best each-way tips" spikes exponentially.

This is largely because the event is a social glue. It’s discussed in offices, at family dinners, and across every social media platform. Content creators focus on "affiliate-style" listicles because the audience is looking for curated, trustworthy advice. They want to know the "Dark Horses," the "Weight-Carrying Stats," and the "Returning Champions." By providing high-value, fluff-free content—avoiding the "water" or filler text often found in lower-quality guides—publishers can capture this massive intent-driven traffic.

Safety, Regulations, and the Integrity of the Sport

As we look toward the Saturday afternoon of the main event, the emphasis remains on the integrity of the sport. The 2026 Grand National operates under the most stringent regulatory framework in history. This extends from the stables to the digital platforms where fans interact with the race.

The shift toward legal, licensed environments has been a game-changer for the industry. Users now expect their personal data to be protected by the latest encryption standards and for the platforms they use to be fully integrated with national clearinghouses (like TSUPIS). This focus on "Fair Play" and "Compliance" mirrors the efforts on the track to ensure every runner has a fair shot and every spectator can enjoy the "Most Famous Race in the World" with peace of mind.

Conclusion: A Legacy Refined for the Modern Era

The Grand National 2026 is a testament to the enduring power of horse racing when coupled with modern technological standards. It remains a "once-a-year" pillar of the sporting world, capable of capturing the imagination of millions. Whether you are analyzing the "Top 10 Finish" odds or simply marveling at the courage of the runners at the first fence, the event continues to be a masterclass in drama and strategy.

More than 180 exhibitors will be taking part, offering a broad mix of products, services and ideas. Visitors can browse stands from property specialists, legal and financial advisers, health and wellbeing providers, mobility experts, home improvement companies, technology suppliers, artisans and lifestyle businesses. So whether you are looking for practical information, fresh inspiration or simply an enjoyable day out, there will be plenty to see.

One of the expo’s most popular features is the Clubs and Associations Zone, which this year is expected to be bigger than ever. This area highlights the rich community life across Torrevieja, Orihuela Costa and the wider Vega Baja, giving visitors the chance to find out more about local social groups, sports clubs, hobby organisations and volunteering opportunities. For many, especially newcomers, it is an ideal way to make new connections and discover what the area has to offer.

Charities and community organisations will also be strongly represented, continuing the event’s long-standing tradition of supporting good causes and recognising the valuable work carried out across the Costa Blanca.

Entertainment will add to the atmosphere throughout the weekend, particularly on Saturday, when local performers, choirs and community groups will help bring the event to life. Music, cultural displays and live performances also will reflect the area’s diverse and international character.

The expo will begin for exhibitors with a Friday evening Meet and Greet in the main auditorium, where Torrevieja Mayor Eduardo Dolón is expected to be the keynote speaker. Across the weekend, live talks and demonstrations will keep visitors engaged, while giveaways and spot prizes will add an extra touch of excitement, including the chance for one lucky couple to win a Mediterranean cruise.

Weather permitting, the ever-popular classic car, motorbike and scooter display will return on Sunday morning, adding even more interest to the event grounds.

With doors open from 10:00am to 3:00pm on both days, Expo Torrevieja is once again set to offer a memorable weekend packed with ideas, entertainment and community spirit.

Among the Central Asian Republics, Kazakhstan stands out as one of the most influential and strategically significant states. Its president is a rare polyglot, fluent in Chinese, Russian, English, French, and several other languages, a skillset that reflects his long diplomatic career and global outlook. At the very start of the conversation, President Tokayev referred to his recent meeting with Prime Minister Shehbaz Sharif, speaking appreciatively of the Pakistani leader and setting a tone of warmth and mutual respect for the discussion that followed.

Q: How do you assess relations between Pakistan and Kazakhstan, particularly in terms of expectations, realities, and prospects for trade and investment cooperation?

A: Kazakhstan regards Pakistan as a friendly country and a strategic partner that has earned respect in the international community. Since the establishment of diplomatic relations in 1992, our two countries have worked together on many issues and projects of common interest. We maintain close and productive engagement with key international organisations, including the SCO, OIC and CICA, contributing to the promotion of global peace, stability, and sustainable development.

My first state visit to Pakistan aimed to broaden our partnership and open a new chapter in our relations. During the visit, governments and businesses signed more than 60 bilateral documents, providing strong impetus for bilateral cooperation. Priority areas of economic cooperation include transport and logistics, agriculture, industry and manufacturing, healthcare, education and several other sectors. I see substantial opportunities for companies from our two countries to establish joint ventures and implement mutually beneficial projects. One of our key priorities is to significantly scale up bilateral trade.

Q: What is the main direction of cooperation between Pakistan and Kazakhstan?

A: Economic cooperation and regional connectivity are central to our partnership. We aim to translate political goodwill into concrete economic outcomes, particularly through trade expansion, investment, and people-to-people links.

Q: Connectivity has become a major focus of your joint agenda. How important is this issue for Kazakhstan?

A: Connectivity has indeed become a top issue of our joint agenda. In this context, Kazakhstan is ready to participate in the development of the Kazakhstan–Turkmenistan–Afghanistan–Pakistan corridor, which we regard as strategically important for regional connectivity and access to South Asian markets. I am pleased to note that Pakistan has also shown a very positive approach towards close coordination in this strategically important project. We count on the active and coordinated participation of all stakeholders to ensure the successful implementation of transit and transport initiatives.

Q: Many politicians closely follow developments in the United States. How do you assess the current situation there, particularly US President Donald Trump’s domestic policies?

A: President Trump is a strong and forward-looking leader who puts the national interests of his country first. This is clearly reflected in the strong economic performance of the US economy, as well as in the transformative reforms currently underway, particularly in the social sphere. I am a committed supporter of his emphasis on common-sense policies and the restoration of law and order. Likewise, in Kazakhstan, we pursue a firm law-and-order policy to make our country stronger in today’s complex global environment. In my view, all citizens must comply with the law and respect law-enforcement agencies while avoiding any obstruction.

Q: Why did Kazakhstan decide to join the Abraham Accords?

A: Kazakhstan has always been firmly committed to the principles of peace, stability and international dialogue. The Abraham Accords, initiated by President Trump, represent a truly forward-looking initiative. By joining this framework, we reaffirm our belief in diplomacy as the most reasonable instrument for resolving differences and fostering long-term regional and global stability.

Kazakhstan maintains excellent relations with Israel, while at the same time consistently supporting the Palestinian people and advocating a two-state solution. From the standpoint of national interests, joining the Abraham Accords lays a solid foundation for attracting investment, advanced technologies and tangible economic benefits. I also hope that Kazakhstan’s accession will contribute to widening Arab–Jewish rapprochement into a broader Muslim–Judaic dialogue.

Q: Together with Prime Minister Shehbaz Sharif, you signed the founding agreement of the Board of Peace in Davos. Some see it as an attempt to create an alternative to the United Nations. What is your assessment?

A: The Board of Peace is a timely and relevant initiative designed to deliver swift and effective results. President Trump himself emphasised during the signing ceremony that the Board of Peace is intended to complement, not replace, the efforts of the UN, which is currently facing institutional strain. It is particularly significant that this initiative implements United Nations Security Council Resolution 2803, recognising that peace must be anchored in both international legitimacy and effective leadership. I am confident that the Board of Peace will make a meaningful contribution to strengthening global peace and stability through flexible and pragmatic mechanisms for conflict resolution.

Q: Do you believe that a long-term and sustainable peace plan for Gaza has a future?

A: The plan presented by Special Envoy Steve Witkoff and Jared Kushner appeared to be well-structured and ambitious, yet realistic. In certain aspects, it resembles a development-oriented project aimed at creating sustainable foundations for peace and prosperity. However, without genuine political will to move forward towards a two-state solution, no plan can be truly sustainable. This remains the only viable framework for breaking the recurring cycle of violence and instability.

Q: The war between Russia and Ukraine has become protracted. Do you see yourself as a potential mediator?

A: The situation is extremely complex and the core issue remains territorial in nature. Kazakhstan has consistently advocated for an exclusively political and diplomatic resolution to the conflict. In our view, the path to peace lies through negotiations between the opposing sides. While Kazakhstan does not seek a mediating role, we are ready to offer our good offices, including providing a neutral platform for negotiations, should such an opportunity arise.

Q: As an experienced diplomat, do you consider a military seizure of Greenland possible? What scenario do you find realistic?

A: I would approach this question somewhat differently. There are many comparable cases in international practice in which countries enter into long-term lease arrangements for specific territories or strategic infrastructure, often for shared, mutually beneficial objectives. Any decision of this nature must be considered strictly within the framework of international law, including respect for state sovereignty and the principles enshrined in the UN Charter.

As a practical option, it is suggested that the US and Denmark consider a 120-year leasing arrangement for Greenland. Under this arrangement, Greenland would legally remain part of Denmark, meaning Denmark’s sovereignty would not be violated or broken, while practical arrangements could serve shared strategic interests. Ultimately, through dialogue, responsible statecraft, and adherence to international law, I hope the parties will find a mutually acceptable and pragmatic agreement.

Q: Kazakhstan is currently discussing major constitutional amendments. What is the essence of these changes?

A: Our country is undergoing one of the most significant processes of political transformation in its history, ensuring that progress is shared fairly across society. We have undertaken nation-building efforts to modernise Kazakhstan and make it more just and fair.

Kazakhstan has moved away from a super-presidential system toward a presidential republic with consolidated checks and balances, grounded in a strong president, an influential parliament, and an accountable government. We are now entering a new phase of political modernisation. Major changes include the establishment of a single-chamber parliament, the National Council and the introduction of the position of vice president. Human rights and freedoms are proclaimed as the nation’s highest priority, with unity, interethnic harmony, and interfaith coexistence forming the foundation of our statehood.

Q: What development path has Kazakhstan chosen for the future?

A: We seek to build a just, safe, clean, and progressive Kazakhstan, where the principles of law and order prevail and social harmony is preserved. Today, Kazakhstan remains the largest economy in Central Asia. We have recorded strong economic growth, with GDP exceeding $300 billion and per capita income reaching historic highs.

Our investment policy focuses on maintaining a stable, transparent, and predictable business environment. At the same time, we aim to transform Kazakhstan into a fully digital state, harnessing artificial intelligence and advanced technologies. We also seek to position Kazakhstan as a key transit hub across Eurasia and are undertaking large-scale modernisation of our energy sector in close partnership with foreign investors. Taken together, this reflects our chosen development path: a diversified, technology-driven and globally competitive economy focused on improving the quality of life for our people.

“Relations between Russia and Uzbekistan are steadily progressing along the path of strategic partnership and alliance, reflecting stable positive dynamics in trade, economic and investment areas. The high level of mutual trust and practical cooperation enables us to anticipate achieving the goal set by our countries’ leadership of increasing bilateral trade to USD 30 billion by 2030, through the expansion of industrial cooperation, the implementation of joint investment projects, and active business dialogue,” highlighted Anton Kobyakov.

The Ambassador of Uzbekistan, in turn, confirmed the country’s commitment to further advancing bilateral ties and to actively engaging in the St. Petersburg International Economic Forum.

“Uzbekistan places high priority on fostering multifaceted cooperation with the Russian Federation. We consider the St. Petersburg International Economic Forum to be a valuable international venue for promoting joint initiatives, strengthening contacts between business communities, and developing new areas of partnership,” noted Botirzhon Asadov.

It was highlighted during the meeting that the St. Petersburg International Economic Forum serves as an effective working platform for fostering long-term partnerships, showcasing investment projects, signing bilateral agreements, and facilitating direct dialogue among government authorities, business representatives, and experts.

The parties discussed Uzbekistan’s prospects for participation in St. Petersburg International Economic Forum 2026, including the development of business and cultural programmes, the use of opportunities offered by the Roscongress International Cooperation Area, and the organization of joint events and agreement signings on the Forum’s sidelines.

At the conclusion of the meeting, both sides reaffirmed their mutual interest in sustaining constructive dialogue and practical cooperation to further strengthen Russian-Uzbek relations.

Headquartered in Miami, the region's reinsurance hub, CREW REINSURANCE BROKERS emerges as the new identity of a firm that has progressively consolidated its regional presence, keeping its team, business model, values, and contractual relationships with clients, reinsurers, and partners intact.

According to founder and CEO, José Astorqui, CREW REINSURANCE BROKERS strategy is based on two main pillars.

The first involves continuing along the path begun as ATL RE, consolidating and increasing its client portfolio in the territories where the firm already operates and expanding its activity into lines of business with significant regional demand. At the same time, the company is exploring new international opportunities to enhance client proximity, exemplified by its recent initiative in San José, Costa Rica under the leadership of Ramiro López Villalobos, as well as strategic collaborations with Spanish intermediaries seeking access to Latin American and Caribbean markets.

Central to this strategy is the commitment to fostering stable, long-term professional relationships. CREW REINSURANCE BROKERS prioritizes ongoing collaboration with selected markets, building partnerships grounded in trust, mutual support, and shared interests.

The second strategic pillar is the development of a regional platform for reinsurance brokers who possess an entrepreneurial spirit and seek a flexible, professional environment free from corporate constraints. CREW REINSURANCE BROKER aims to offer a collaborative space where professionals can share expertise, infrastructure, services, and resources, while preserving their independence and avoiding conflicts of interest. The company is fully operational and holds the necessary licenses and registrations in the United States, Central America, South America, and the Caribbean.

The adoption of the new brand does not represent a break with the past, but rather the continuation of a project that reinforces its identity to align itself more precisely with its present reality and future vision.

Through this initiative, CREW REINSURANCE BROKERS reaffirms its commitment to technical excellence, dedication to continuity, and ambition for sustainable growth within the reinsurance market.

The company will participate in the upcoming Miami Insurance Week.

According to Tokayev, the proposed reforms include a move toward a unicameral Parliament, to be named Quryltai; the creation of the Khalyk Kenesi (People’s Council); and the establishment of the position of vice president, reported Akorda.

Khalyk Kenesi (People’s Council)

Tokayev said the People’s Council would assume key functions of the Assembly of the People of Kazakhstan in the areas of interethnic and interfaith harmony, while also focusing on developing proposals to improve domestic policy and promoting and explaining matters related to state ideology. It would be granted the right of legislative initiative. The People’s Council would also be responsible for organizing the Congress of Leaders of World and Traditional Religions.

Presidential succession and vice presidency

Tokayev highlighted the need to regulate presidential succession in the Constitution clearly. He said that if a president’s term is terminated early, presidential elections must be held within two months, ensuring that any head of state comes to power exclusively through elections. He described this principle as fundamental and non-negotiable.

As part of the reforms, Tokayev proposed establishing the office of Vice President, to be appointed by the President with the consent of the Parliament. The Vice President would represent Kazakhstan internationally, work with Parliament, engage with domestic and foreign organizations, and perform other duties assigned by the President. These responsibilities, he noted, should be explicitly reflected in the Constitution.

Tokayev stressed that these amendments would not weaken presidential power, but rather clarify the governance structure and stabilize the state system. Kazakhstan, he said, would continue developing as a presidential republic.

The reforms also envisage the abolition of some administrative structures supporting the current Parliament and the post of State Counselor, alongside reforms to the Presidential Administration to better reflect practical needs.

Economic integration and national interests

Turning to economic policy, Tokayev said Kazakhstan supports economic integration but will firmly defend its national interests, especially amid global tensions. As chair of the Eurasian Economic Union (EAEU) this year, Kazakhstan will prioritize eliminating trade barriers, combating unjustified protectionism, and expanding the use of artificial intelligence to enhance integration efficiency.

He expressed concern over pressure on Kazakhstan’s agricultural processing sector from subsidized imports within the EAEU, calling it a matter of food security and urging the government to act more decisively to protect domestic producers.

Foreign policy in a changing world

Tokayev noted that international relations are undergoing profound changes, marked by declining trust, erosion of international law, and rising global militarization. In this context, he said Kazakhstan’s foreign policy must remain balanced and focused on safeguarding national interests.

He underlined that diplomatic decisions carry long-term consequences and must be made with professionalism and caution. Diplomacy, he said, should serve as a tool for compromise rather than confrontation.

Digitalization and artificial intelligence

President Tokayev emphasized that digitalization and artificial intelligence are reshaping global realities, diminishing the importance of population size and rewarding countries that adapt quickly and strategically. He said Kazakhstan has chosen a path of accelerated digitalization and AI adoption across all sectors.

At the same time, Tokayev warned that technology alone cannot resolve poor governance. According to him, effective digital transformation requires streamlined management processes, improved organizational culture, and modern management practices in the public sector.

He also highlighted the need for a strong infrastructure base for the future digital and energy-intensive economy, including the early designation of zones for high-capacity data centers with reliable power, cooling, and security systems.

We underscore that the Republic of Kazakhstan is not a party to any armed conflict, makes a significant contribution to global and European energy security, and ensures the uninterrupted supply of energy resources in full accordance with established international norms. Accordingly, we note that the aforementioned tankers possessed all the required permits and were equipped with the necessary identification systems.

The increasing frequency of such incidents highlights the growing risks to the functioning of international energy infrastructure. We therefore call upon our partners to engage in close cooperation to develop joint measures aimed at preventing similar incidents in the future.

As part of its presidency of the CSTO, Russia will continue to strengthen the organization’s defence capabilities and has proposed launching a programme to equip its collective forces with modern Russian weapons systems. “A key priority of the Russian chairmanship is the development of cooperation between the member states to ensure that the CSTO becomes a technological leader in the military sphere,” said President of the Russian Federation Vladimir Putin in his speech during a regular session of the Collective Security Council of the Collective Security Treaty Organization in Bishkek in November 2025. In addition, Russia will step up its fight against drug trafficking, develop a new counter-terrorism strategy, and help make full use of advances in military medicine. The President also proposed taking measures to protect states against threats in the information space and improve the mechanism for deploying peacekeepers.

“Several events have been planned for 2026 that aim to strengthen allied ties within the CSTO framework and reinforce the organization’s collective security system. These include expert meetings and scientific and practical conferences. The plan of events is based on the priorities of the Russian Federation’s presidency of the CSTO in 2026 and covers all key areas of activity,” noted Adviser to the President of the Russian Federation Anton Kobyakov.

Decree No. 11 of the President of the Russian Federation dated 1 January 2026, established an Organizing Committee that will oversee the preparations for and holding of the International Forum for Collective Security and other events within the framework of Russia’s presidency of the CSTO in 2026. The Organizing Committee will be chaired by Deputy Prime Minister of the Government of the Russian Federation Alexei Overchuk.

“Murmansk is the starting point of the Northern Sea Route and an important strategic area for the development of the Russian Arctic. This year the International Arctic Forum was successfully held here. It brought together about 1.3 thousand participants and media representatives from 21 countries, as well as around 230 representatives of Russian and foreign businesses from more than 110 companies. We see that interest in the Arctic agenda is growing. Our country is committed to mutually beneficial cooperation with all interested states and is open to international collaboration. I am confident that the International Arctic Forum will continue to be an important platform for discussing urgent issues of the Arctic agenda,” said Deputy Prime Minister of the Russian Federation and Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District, and Chairman of the Organizing Committee for the preparation and holding of the ‘Arctic: Territory of Dialogue’ International Arctic Forum, Yuri Trutnev.

“Murmansk is the Arctic gateway of Russia. Holding the International Arctic Forum in the region symbolizes not only the development of key Arctic projects but also the importance of the world’s largest economic zone with a unified set of tax and administrative preferences. The Arctic accounts for about 6 per cent of Russia’s GDP and around 10 per cent of total exports due to the region’s resources. It plays a key role in forming trade chains along the Northern Sea Route and ensures the country’s defense capability. Hosting the Forum will support the intensive development of infrastructure, innovation and new economic opportunities in the Arctic region, which will have a multiplier effect for the entire country,” noted Adviser to the President of the Russian Federation and Executive Secretary of the Organizing Committee for the preparation and holding of the ‘Arctic: Territory of Dialogue’ International Arctic Forum, Anton Kobyakov.

The Murmansk Region demonstrates stable development despite external pressure and sanctions. According to the regional government’s forecast, the gross regional product is expected to reach 1.3 trillion roubles in 2026, with projected annual growth of around 1.3 to 2.3 per cent between 2026 and 2028. A key role is played by the integrated development of infrastructure projects: the Murmansk transport hub, the ship repair cluster, the renovation of the marine fish port, the expansion of production at the Kovdor Mining and Processing Plant and at the Kirovsk branch of Apatit JSC, as well as the implementation of the Severny mine project. Investment in fixed capital is expected to exceed 350 billion roubles in 2026 and to rise to 400 billion roubles by 2028.

“This is a huge step and a major recognition of our joint efforts. This year we held the Forum under the motto ‘To Live in the North!’, and it was then that the President named Murmansk the capital of the Russian Arctic. Now we are consolidating this status. The Forum is a working platform where, together with federal colleagues, we address real tasks, from the economy and technology to logistics and the development of the Northern Sea Route. And holding the Forum regularly in Murmansk means that key decisions on the development of the Arctic will be made here, with us,” said the Governor of the Murmansk Region Andrey Chibis.

Mapping up to 95% of Earth’s ice-free ocean every 10 days, Copernicus Sentinel-6B will provide critical data on ocean currents, wave height and wind speed. It will further a unique, over 30-year long record of precise altimetry observations, which is crucial for our understanding of climate change and for determining global sea-level rise (SLR).

Beyond the oceans, the data it collects will also support inland-water management. Sentinel-6B will measure river and lake levels, which, together with observations from EUMETSAT’s Metop and future Metop-SG satellites, allows the tracking of river discharge, enhanced flood forecasting and drought assessment.

“The rate of sea-level rise has nearly doubled in a generation and threatens 900 million people living in coastal regions. Through the operation and data delivery of Copernicus Sentinel-6B, EUMETSAT provides the accuracy and timeliness needed to monitor these changes and to help protect people, infrastructure, and ecosystems along our coasts,” said EUMETSAT Director-General Phil Evans.

“EUMETSAT is proud to operate Copernicus Sentinel-6B on behalf of the European Union’s Copernicus Programme, in partnership with ESA, NASA, NOAA and the support from CNES, for the benefit of all.“

Christoph Kautz, Director for Space Policy, Earth Observation, and Satellite Navigation at the European Commission (DEFIS) stated: “The Copernicus Sentinel-6B mission is a powerful example of how Europe turns space-based data into real value for people, the planet and prosperity. From supporting emergency management and disaster risk reduction to guiding sustainable fisheries and maritime transport, its open data will empower users across Europe and beyond.”

ESA’s Director of Earth Observation Programmes, Simonetta Cheli, said, “Collaboration between partners is key to a mission such as Sentinel-6, and my thanks go to everyone involved in developing, launching and operating this exceptional satellite, which follows in the footsteps of the first Sentinel-6, Michael Freilich.

“This achievement demonstrates what can be accomplished when international agencies and industries work together toward a shared goal. Sentinel-6B will ensure that we continue to collect the high-precision data needed to understand our changing climate, safeguard our oceans and support decisions that protect coastal communities around the world.”

EUMETSAT will take over control of the spacecraft from the European Space Agency after the satellite is put on a trajectory to reach its operational orbital position. The organisation will then, in cooperation with its European and U.S. partners, operate the full Sentinel-6 system throughout its commissioning phase, during which data products will be calibrated and validated before their operational release to the Copernicus Marine Service and its users worldwide.

For more information on Copernicus Sentinel-6B, visit EUMETSAT’s launch hub, which features news, interviews, and insights into the satellite’s journey.

* Copernicus Sentinel-6B is operated by EUMETSAT on behalf of the European Commission, and in partnership with the European Space Agency (ESA), the National Aeronautics and Space Administration (NASA), the U.S. National Oceanic and Atmospheric Administration (NOAA) and with the support from the French Space Agency (CNES). Copernicus is the Earth Observation component of the European Union Space Programme.

EUMETSAT, Europe’s meteorological satellite agency, monitors the weather and climate from space. Based in Darmstadt, Germany, EUMETSAT provides its 30 member states with meteorological imagery and data that are essential for keeping their communities safe and for the benefit of critical sectors of their economies. EUMETSAT’s 30 member states are: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Türkiye and the United Kingdom.

Background

BYDFi was officially launched in 2020. It has been online for nearly three years. In response to changes in the encryption market, it was renamed BYDFi in January 2023. By allowing traders, copiers, project teams, media, and other communities to interact and communicate, BYDFi creates a trading environment ideal for both beginners and professionals.Currently, BYDFi serves users across over 190 countries and is trusted by more than 1,000,000users globally.

Core Value

BYDFi stands for “BUIDL Your Dream Finance”. BUIDL is a slang term for "build" that is popular in the cryptocurrency community. In addition to its original meaning, this word also encourages people who believe in the future of cryptocurrency to take action to achieve their dreams. The “F” in BYDFi stands for Finance and the “i” stands for each individual person. In the future, the potential uses of cryptocurrencies will be more expansive and not limited to recent applications like NFT, Metaverse, and GameFi. To keep up with the ever-evolving digital landscape, we change our brand name to reflect our vision and mission for the crypto market and to show our commitment to our users. BYDFi presents our core values of BUIDL-ing the possibilities that will shape the future.

BYDFi’s Evolution: A Leap in Brand Growth

BYDFi's rapid rise in the crypto field is reflected in a series of key milestone events:

• April 2020: The platform officially launched, marking BYDFi's entry into the cryptocurrency trading market.
• May 2021: The platform expanded to support over 500 spot trading pairs.
• August 2022: The platform introduced perpetual contract trading, offering over 150 contract pairs and providing flexible leverage from 1x to 200x.
• January 2023: Completed a global brand strategy upgrade by rebranding from BitYard to BYDFi, and was listed on authoritative data platforms CoinMarketCap and CoinGecko, garnering widespread international attention.
• December 2023: Ranked by Forbes as one of the world’s top 10 crypto exchanges, a position it continues to hold.
• October 2024: Ensured that all platform assets are fully backed with at least 1:1 reserves, and began publishing periodic Proof of Reserves (POR) reports, setting the highest standards for asset security.
• November 2024: Officially joined the South Korea CODE VASP alliance, laying the foundation for future regulatory compliance in the Korean market.
• December 2024: Completed a comprehensive upgrade of the perpetual contract system, introducing three major features: new positions allowed even without unrealized profits, bidirectional long/short position support for hedging, and shared account funds under full margin mode to reduce liquidation risks
• February 2025: BYDFi entered into a strategic partnership with hardware wallet manufacturer Ledger, jointly launching the BYDFi co-branded walletto further strengthen the platform’s user asset security system.
• April 2025: Officially launched BYDFi MoonX, the tool’s Web3 on-chain trading tool designed for the booming Memecoin market. Supporting both the Solana and BNB Chain ecosystems, MoonX marks a strategic upgrade for BYDFi—ushering in the CEX+DEX dual-engine erathat combines centralized efficiency with decentralized freedom.

About MoonX ： MoonX Brief – English Version

About CEX +DEX ： Title ：BYDFi Officially Launches On-Chain Trading Tool MoonX, Ushering in the Era of CEX + DEX Dual Engines

Security and Regulatory Compliance:

• BYDFi holds dual MSB licenses in the US and Canada (US MSB Registration No. - 31000215482431 / Canada FINTRAC MSB Registration No. - M22636235) and is a member of South Korea’s CODE VASP Alliance（https://www.codevasp.com/page-alliances).
• Cold storage: The users’ digital currencies held at BYDFi are stored offline in cold storage wallets.
• Multi-party approvals: Multiple people are required to authorize transactions.
• Segregated accounts: Your money is held separately from ours. Your crypto is kept in segregated cold storage wallets.
• Strict whitelisting: Transactions from our cold wallets are restricted to a whitelist. It prevents unauthorized withdrawals to any address BYDFi has not approved.

Highlights

- BYDFi offers spot trading for over 700 cryptocurrencies, as well as flexible leverage trading ranging from 1x to 200x.
- Multiple payment options are supported, including credit cards, debit cards, bank transfers, and third-party payment providers such as Apple Pay, Google Pay, Banxa, Transak, and Mercuryo.
- The platform offers features such as spot trading, perpetual futures, automated trading tools（Like Spot Investment,Martingale, Grid - Trading ,Copy Trading) and Demo Trading.
- Launch the leading copy trading feature. Through trader copy, users can easily follow more professional crypto traders.
- Provides a transparent and competitive fee structure.
- By adopting top-tier security measures such as offline deep cold wallet storage, multi-signature technology, high-performance trading engine architecture, and AWS cloud services.

BYDFi Features:

Forbes Recommended

BYDFi has been recognized by Forbes as one of the top ten best crypto exchanges in 2023. This is a significant achievement for the crypto exchange, which was launched in 2020 and has rapidly become a popular destination for traders. Overall, BYDFi's recognition by Forbes is a testament to the exchange's commitment to providing a secure, reliable, and innovative trading experience for its users.

ref: https://www.forbes.com/advisor/investing/cryptocurrency/bydfi-review/

ref: https://www.forbes.com/advisor/investing/cryptocurrency/best-crypto-exchanges/

700+ cryptocurrencies available:

We currently offer up to 700 different cryptocurrencies for trading, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB).- Check supported coins here.

You can easily find the next 100x GEM on BYDFi. This means that cryptocurrencies that cannot be purchased on other exchanges can be found on BYDFi.

Compare to other spot exchanges:

Provide 200x leverage:

This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts is typically 100x or 125x. BYDFi offers up to 200x leverage.

Compare to other derivatives exchanges:

What does BYDFi offer:

Spot trading:

- Up to 700+ crypto trading pairs.
- Trade popular coins such as Bitcoin, Ethereum, Ripple, Dogecoin, and altcoins.

Perpetual contract:

• Up to 400+ crypto trading pairs.
• includes USDT-M and Coin-M perpetual futures.- Check supported coins here (USDT-M) and here (Coin-M).
• Up to 200x leverage for perpetual contracts
• Higher potential returns, greater flexibility, and convenience
• This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts are typically 100x or 125x

BYDFi's New Perpetual Trading Upgrade: Unlocking Unrealized Profits, Advanced Hedging and Automatic Cross Margin Mode： BYDFi's New Perpetual Trading Upgrade

Copy Trading ：

BYDFi's Unique Advantage: Leading the Industry with Copy Trading

1. Trade with as little as $10. BYDFi has lowered the trading threshold to $10, making it easier for new traders and smaller investors to participate in the crypto market.
2. Flexible Margin Options: Choose Between Isolated or Cross Margin. The isolated margin mode enables users to manage the funds of each position independently, minimizing risk, while the cross-margin mode automatically allocates funds, enhancing asset efficiency and making it ideal for multi-strategy portfolios and complex trading. Users can choose flexibly based on their needs to optimize asset management.
3. Multi-Asset Contract Trading Support. BYDFi supports a variety of cryptocurrencies, including mainstream assets like BTC, ETH, XRP, and popular Memecoins such as SOL, DOGE. The platform also offers various leverage options, accommodating both new traders and seasoned professionals seeking diverse trading opportunities.
4. Transparent Fee Structure and Comprehensive Trading Tools. BYDFi is committed to maintaining a fair and transparent fee structure. Users can view transaction records, fees, and profits in real time, ensuring no hidden charges and a clear understanding of costs. Additionally, BYDFi offers market insights and advanced trading tools, including candlestick charts, real-time order functions, and multi-indicator support, helping traders optimize their strategies.
5. Flexible Deposit Methods and Global Multi-Language Support.

Demo trading:

• All users on BYDFi can access a demo account with 50k USDT to practice trading without risking real funds.
• This feature allows users to test their trading skills and strategies before trading with real money.
• Demo trading is a great way for beginners to get familiar with the platform and the market.

Trading Bots

1. Spot investment:

• Available for more than 100 trading pairs.
• Spot investment provides high liquidity, allowing for quick and efficient trades.

2. Spot/Futures grid:

• Spot grid trading automates buying low and selling high within a defined price range, using preset conditions to capitalize on market fluctuations for profit.
• Futures grid trading strategy automates long or short contract trading within a defined price range, buying more when prices drop and selling when they rise for profit.
• Futures grid trading allows for rational trading by automatically executing buy/sell orders within a set price range, eliminating emotional decisions, and reducing losses from FOMO, FUD, greed, and expectations.

3. Spot Martingale

Martingale Strategy: A Contrarian Approach for Bearish Markets

The Martingale strategy focuses on increasing investment amounts during market declines, averaging down costs through incremental buying, and profiting when the market rebounds. While this strategy requires careful fund management, it remains appealing to high-risk, high-reward investors.

Why Choose the Martingale Strategy?

• Effective in volatile markets: Gradual accumulation reduces average costs.
• Best for Well-Funded Investors: Profits increase as the market rebounds.
• Simple and automated execution: Easy to implement for steady profitability.

For additional information regarding trading bots:：

title：A Powerful Tool for Volatile Markets: An In-depth Analysis of BYDFi's Strategy Trading Features

Fiat gateway:

- User-friendly deposit options for new traders
- Deposit options include credit/debit cards and bank transfers - Link
- Support for over 100 currencies
- Partnerships with BANXA, Alchemy Pay, Transak, Mercuryo, and Coinify for comprehensive coverage of payment options globally

Welcome Reward:

At BYDFi, we strive to make cryptocurrency trading accessible to everyone. To help new users get started, we offer a generous New User Welcome Package worth 8,100 USDT. Earn rewards simply by signing up and completing a few straightforward tasks!

These tasks are easy to do and will help you get familiar with our platform, while also earning you rewards. So don't hesitate, sign up today and take advantage of our New User Welcome Package!

ref: https://www.bydfi.com/en/welfare-center

Get started with your account

1. Create Your Account

- Visit the BYDFi website.
- Click on the “Sign Up” button and fill in the required information to create your account.
- Verify your email address to complete the registration process.

2. Set Up Two-Factor Authentication (2FA)

- Log in to your new account.
- Navigate to the security settings and enable Two-Factor Authentication (2FA) for added security.

3. Obtain crypto assets

- Connect your credit or debit card to your account, specify the amount you wish to purchase, and wait for the transaction to complete. Visit our Third-Party Payment page to explore the payment methods available in your region.
- Alternatively, you can transfer crypto assets from other wallets or exchanges to your BYDFi account. Be sure to select the correct blockchain network, as deposits sent to an incorrect address are irreversible.

4. Start Earning Through Crypto Trading

BYDFi is committed to delivering a world-class crypto trading experience for every user.

Others:

1. Customer support:

BYDFi offers 24/7 customer support via live chat and email support at its help center.

Email: cs@bydfi.com

Live chat: How to Get in Touch with BYDFi Customer Support Team?

2. Communities:

English | Vietnamese | Indonesian | Philippines | Turkey | Russian | India | Mandarin

Twitter | Youtube | Facebook | Linkedin | Medium | Instagram | Discord

3.- Countries available -Link

4.- Other Contacts

- Business Partnerships: BD@bydfi.com
- Media Inquiries: media@bydfi.com

5. Media Kit ：https://www.bydfi.com/en/brand

Promotion banners ： https://drive.google.com/drive/folders/1KMkFl6WN4fdeN8rtTixo7Se7AMzYy4cp

Interface (4 screenshots)

Material Library Links：https://drive.google.com/drive/folders/1iFC3vC-9CJB3LQsDSPF6FXaeIrtlYC3u

links：https://www.bydfi.com/en

links ：https://www.bydfi.com/en/welfare-center

links：https://www.bydfi.com/en/swap/btc-usdt

links：https://www.bydfi.com/en/spot/btc_usdt

links： https://www.bydfi.com/en/markets

Links：https://www.bydfi.com/en/trading-bot

“Last year, the Sultanate of Oman was a guest country at the St. Petersburg International Economic Forum. The memorandum that was signed confirms our countries’ interest in joining efforts to develop mutually beneficial cooperation on a long-term basis and continue the dialogue that began at the SPIEF 2024. I am confident that joint work at the Roscongress Foundation’s business and discussion platforms in Russia and abroad will enable us to expand the topics of events, attract representatives of the business community and leading experts of Oman, and also introduce our guests and forum participants to the centuries-old history, traditions, and culture of the Sultanate,” Roscongress Foundation Chairman of the Board and CEO Alexander Stuglev said.

As part of the memorandum, the Roscongress Foundation and the Oman Chamber of Commerce and Industry will create common communication platforms in an effort to intensify bilateral cooperation in various fields, strengthen existing partnerships, seek out and develop new long-term partnerships between representatives of the business communities of Russia and Oman, and maintain a dialogue on cooperation in the investment and financial sectors, export-import activities, tourism, and culture. In addition, the two organizations will publicly promote topics related to events that are organized to strengthen ties between the two countries.

“The memorandum of understanding signed between the Oman Chamber of Commerce and Industry and the Roscongress Foundation marks a significant step towards strengthening economic and trade relations between Russia and Oman. This cooperation opens up new avenues for business communication and investment opportunities. By joining forces, both organizations seek to promote more dynamic, mutually beneficial relations that will not only facilitate bilateral trade, but also strengthen cultural and economic ties between the two countries. The memorandum serves as a platform for promoting a business dialogue between Russia and Oman,” Omani Ambassador to the Russian Federation Hamoud bin Salem Al Tuwaih said.

In addition, Roscongress Foundation Chairman of the Board and CEO Alexander Stuglev and Omani Minister of Commerce, Industry, and Investment Promotion Qais bin Mohammed Al Yousef held a meeting at the Omani side’s initiative. The meeting primarily focused on the Omani delegation’s participation in the St. Petersburg International Economic Forum and the Foundation’s other projects, as well as initiatives to organize a business mission of Russian companies to Muscat in October 2025.

The dialogue between Russia and Oman will continue at the St. Petersburg International Economic Forum on 18–21 June 2025.

Official sources emphasize that he has an added interest given the current circumstances and that the objective is to continue diversifying markets in line with the strategic autonomy that the Prime Minister has defended in the European Union, with which this trip has been coordinated.

The same sources emphasize that this is not a trip to replace the existing relationship with the United States, but rather to diversify markets, open opportunities, and reduce dependence. Therefore, Sánchez will travel to Vietnam accompanied by a group of Spanish businessmen and will participate in a business forum in Ho Chi Minh City.

This is the Prime Minister's first trip to Asia this year, to a continent that is especially relevant right now after Trump announced on Wednesday that he will apply a universal 10% tariff, in addition to additional levies reaching 20% ​​for the European Union, 34% for China, and 46% for Vietnam, among other countries.

Specifically, and given this new geopolitical context, Sánchez will travel to Vietnam with the dual objective of trade and economy, to diversify markets in line with the strategic autonomy that the Prime Minister has championed within the European Union, with which this trip has been coordinated. Pedro Sánchez has regained a certain momentum and prominence within the European alliance and has been leading a firm commitment to its continuity, regardless of any decisions the United States may make, including the Defense Minister.

To achieve all these objectives, the Prime Minister will be accompanied by the Minister of Foreign Affairs, the European Union, and Cooperation, José Manuel Albares, and the Minister of Agriculture, Fisheries, and Food, Luis Planas. Sánchez's agenda will be on April 9 and 10 in the Vietnamese cities of Hanoi and Ho Chi Minh City.

This is the first official visit by a Spanish Prime Minister to Vietnam. Specifically, in Hanoi, Sánchez will meet with the country's four highest authorities: the President, the Prime Minister, the General Secretary of the Communist Party, and the President of the Assembly. Therefore, the trip also has political significance, emphasize sources from Moncloa.

However, the focus will be primarily on the economy and trade, areas in which a series of protocols and memoranda are expected to be signed with the two countries.

In addition, the Prime Minister, who will travel to Vietnam accompanied by a group of Spanish business leaders, will participate in a business forum in Ho Chi Minh City, the country's economic capital, and will meet with representatives of Vietnamese companies with potential investors in Spain.

The situation surrounding tariffs will be a major focus of all these meetings. While tariffs are 20% for the European Union, they are 46% for Vietnam.

Therefore, the Spanish government believes there may be an alignment in this situation to deepen existing ties.

A joint declaration is also expected to be adopted and a series of mechanisms promoted through the signing of memoranda of understanding to develop both political and commercial aspects. These memoranda will facilitate dialogue to implement different policies in areas such as agriculture and fisheries. A memorandum of understanding will also be developed for Culture and Sports, as Spain has a strong global presence in these areas, and this is something of great interest to the government, according to sources within the government.

Finally, a financial protocol worth €300 million will be signed to promote the entry of Spanish companies into Vietnam.

The main driver behind this exceptional gold rally is the growing concern over escalating trade and geopolitical tensions, largely fueled by recent decisions and warnings from US President Donald Trump. The president plans to impose new reciprocal tariffs starting April 2, a move aimed at correcting trade imbalances that has nonetheless sparked uncertainty about its potential global economic consequences.

Additionally, Trump has heightened market anxiety by warning of secondary tariffs of up to 50% on Russian oil in the event of interference in Ukraine, while also maintaining an aggressive stance toward Iran should nuclear negotiations fail. This intensification of trade and geopolitical tensions is pushing investors toward safe-haven assets, with gold emerging as a secure refuge amid uncertainty.

The current market dynamic also presents a unique feature compared to previous cycles, as many traditionally safe-haven assets, particularly those tied to Western economies, are now under scrutiny due to mounting political and trade tensions. This unique scenario further reinforces gold’s appeal, elevating it as virtually the only reliable option for investors across the globe.

However, the short-term outlook for gold will heavily depend on the evolution and confirmation of the announced tariff measures. If these turn out to be less aggressive than anticipated, a temporary pause in gold’s rally may occur. But if trade rhetoric continues to escalate and threats are harshly implemented, the global environment could become even more favorable for extending gold’s positive performance.
Lastly, the growing concern over global stagflation—a combination of low economic growth and high inflation—cannot be ignored. This scenario has historically been one of the most favorable environments for gold performance. This mounting fear could further support demand for the precious metal in the medium to long term, solidifying its role as the premier asset in challenging times.

Ultimately, gold begins the second quarter of the year from a historically strong position, supported by economic and geopolitical conditions that fully justify its current appeal. Investors and analysts will be closely watching upcoming global political and economic developments that will determine whether this unprecedented bullish trend continues.
Technical Analysis XAU/USD:

From a technical standpoint, the path of least resistance for gold remains to the upside. The previous key resistance level at $3,040 was easily breached, and currently, there are no negative divergences between price and oscillators, indicating that bullish momentum remains strong. The next relevant resistance levels are located at the psychological key level of $3,200 per ounce, followed by the 161.8% Fibonacci extension level from the previous bullish structure, situated at $3,351. While the move is technically extended, there are currently no clear signs on the chart suggesting a significant weakening of the current bullish momentum.”