Russia and Kazakhstan aim to boost trade to US$30 billion

Trade turnover between Kazakhstan and Russia is showing steady growth and in 2024 will reach a record US$27.7 billion for the last decade. This became known during an extended meeting of the Russian-Kazakh business council held in Moscow.

According to the President of the Chamber of Commerce and Industry of Russia Sergey Katyrin, about 80 Russian regions are actively cooperating with Kazakhstan. He expressed confidence that the positive dynamics will allow reaching the US$30 billion mark in the coming years, but the parties are aimed at further increasing trade turnover. This is reported by KazInform, a partner of TV BRICS.

Chairman of the Board of the Chamber of International Commerce of Kazakhstan Murat Karimsakov emphasised that Russia has a significant share (about 20 per cent) in Kazakhstan's foreign trade, which shows the importance of economic ties between the two countries.

Ambassador of Kazakhstan to Russia Dauren Abayev noted that over the past 10 years the volume of mutual trade has doubled. More than 23,000 companies with Russian participation are successfully operating in Kazakhstan, and 171 projects totalling US$52.9 billion are being implemented within the framework of industrial cooperation.