Kazakhstan, Russia to implement major joint projects

Kazakhstan Materials 3 February 2023 11:37 (UTC +04:00)
Kazakhstan, Russia to implement major joint projects
Emin Sevdimaliyev
Emin Sevdimaliyev
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BAKU, Azerbaijan, February 3. Kazakhstan and Russia are working on the joint implementation of 84 major projects worth around $23 billion, Alikhan Smailov, the Prime Minister of Kazakhstan, said, Trend reports, citing the press service of the PM.

The statement was made during the meeting of Alikhan Smailov with his Russian counterpart Mikhail Mishustin.

The projects are expected to create around 24,000 workplaces.

Kazakh PM added that the countries have completed the implementation of 26 major projects worth around $1 billion.

“This clearly shows the potential for the development of Kazakh-Russian cooperation, which we need to actively support and develop”, Smailov noted.

He also highlighted that trade relations between Kazakhstan and Russia exhibited a positive dynamic in 2022 compared to 2021.

Mishustin also highlighted the value of Russo-Kazakh relations.

“Strengthening relations with Kazakhstan is an absolute priority. Our cooperation is based on the principles of friendship, strategic partnership, and alliance. Mutual trade is successfully developing between the two countries. At the same time, we believe it is important to accelerate the creation of new production chains in the industry, engineering, energy, transport, and other industries,” Mishustin said.

Previously, it was revealed that trade turnover between Kazakhstan and Russia from January through November 2022 amounted to $23.6 billion, which is an increase of 6.8 percent in year-on-year terms.

Trade turnover between Kazakhstan and Russia in 2021 reached $24.6 billion, which constitutes a significant increase of 31.2 percent compared to 2020.