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Kazakhstan, Russia mull joint projects worth $25B

Kazakhstan Materials 23 June 2016 17:58 (UTC +04:00)
Russia and Kazakhstan are discussing joint projects with a combined value of $25 billion.
Kazakhstan, Russia mull joint projects worth $25B

Russia and Kazakhstan are discussing joint projects with a combined value of $25 billion, Kazakh President Nursultan Nazarbayev told the Russia-24 TV channel, Sputnik International news agency reported.

"Some 6,000 joint [Russian-Kazakh] ventures have been developed since [the Eurasian Economic Union] and now we have projects worth $25 billion in total to implement,” he said. “But if we do not count oil and gas-related projects, there are some $6-7 billion left for engineering, processing, small and medium-sized enterprises, services."

Nazarbayev said the focus for Russian-Kazakh cooperation will be, among other spheres, on processing agricultural products.

Kazakh president noted that the transport and logistics sector is also one of the aspects of the two countries' bilateral cooperation.

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