On 11 November 2014, President of Kazakhstan Nursultan Nazarbayev delivered an unexpected state-of-the-nation address in Nur-Sultan at an extended session of the Political Council of the Nur Otan party, introducing a "Nurly Jol" (Bright Path), a new economic policy that implies massive state investment in infrastructure over the next several years. The "Nurly Zhol" policy is accepted as preventive measures needed to help steer the economy towards sustainable growth in the context of the modern global economic and geopolitical challenges, such as the 25%-reduction in the oil price, reciprocal sanctions between the West and Russia over Ukraine, etc. The policy embraces all aspects of economic growth, including finances, industry and social welfare, but especially emphasises investments into the development of infrastructure and construction works. Given recent decreases in revenues from the export of raw materials, funds will be used from Kazakhstan's National Fund.