Russia and Kazakhstan continue to solidify their economic partnership, with trade turnover between the two nations reaching an impressive $27 billion last year. Speaking at the 20th Forum of Interregional Cooperation between Russia and Kazakhstan, Kazakh President Kassym-Jomart Tokayev emphasized Russia’s integral role in Kazakhstan’s foreign trade, accounting for around 20% of the total.
“Trade turnover is growing, last year it reached an impressive $27 billion. At the same time, Russia accounts for almost 20% of Kazakhstan’s foreign trade. The total volume of Russian direct investments has approached $25 billion,” Tokayev said via video link during the plenary session.
Highlighting the depth of the economic collaboration, President Tokayev noted that 23,000 Russian and joint companies are actively operating within Kazakhstan, showcasing a strong bilateral relationship that drives regional economic development.
This significant trade and investment relationship underscores the importance of fostering cooperation and innovation to further bolster the economic potential of both nations.
