Almost four years have passed since President Kassym-Jomart Tokayev embarked upon an agenda to bring thorough reforms to Kazakhstan’s politics and society. This article looks at the process of implementation of these reforms in a highly precarious geopolitical environment, where Russia’s war in Ukraine has led to increasing threats to Kazakhstan’s integrity by leading Russian figures. This analysis shows that Kazakhstan has proceeded on institutional reform, including modest but meaningful steps in sensitive areas such as separation of powers and electoral systems.