Over 23,000 companies involving Russian capital work in Kazakhstan

Russia is one of the key trading partners of Kazakhstan, Kazakh Prime Minister Olzhas Bektenov said at today's meeting with his Russian counterpart Mikhail Mishustin in Astana, Kazinform News Agency reports.

Kazakhstan, Russia
Collage credit: Kazinform/ DALL-E

Last year the commodity turnover between Kazakhstan and Russia made 27.1 million US dollars. For 11 months of 2024, it reached 24.2 billion US dollars.

He stressed mutual investments also grew. For the past 20 years, Russia invested 25.2 billion US dollars, while Kazakhstan channeled 8.7 billion US dollars in Russia’s economy. For nine months of 2024, the inflow of Russia’s investments rose by 43.7% to 2.8 billion US dollars. There are 23,000 companies with the participation of Russian capital operating in Kazakhstan that is nearly 40% of total companies with foreign participation, the Kazakh Prime Minister said inviting Russian companies to take an active part in the development of joint investment projects in Kazakhstan.

As earlier reported, Kazakhstan and Russia are set to raise bilateral commodity turnover to $30bln.

 

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