ASTANA, Kazakhstan, June 8. Over 3,000 joint companies with Russia operate in Kazakhstan, said Deputy Prime Minister Serik Zhumangarin, Trend reports.
He made the remark during the Russia-Kazakhstan business dialogue, held as part of the 27th St. Petersburg International Economic Forum.
"Over 3,000 joint companies and 19,000 companies with the participation of Russian capital operate in Kazakhstan. We highly value joint projects and look forward to further fruitful cooperation. Kazakhstan is ready to create favorable conditions for joint activities," he said.
According to him, Kazakhstan and Russia are teaming up on 135 industrial projects worth a whopping $26.2 billion.
"Another 27 projects worth almost $2 billion are being actively implemented. Over the past 19 years, about $22 billion of direct investment has been attracted to Kazakhstan from the Russian Federation," Zhumangarin noted.
Meanwhile, Kazakhstan's trade turnover with Russia amounted to $25.9 billion from January through December 2023, which is 3.7 percent less than in 2022.
At the same time, in the structure of trade turnover, exports to Russia for the above period amounted to $9.78 billion, which is 7.6 percent more than 2022 ($9.09 billion).
In addition, imports from Russia from January through December 2023 decreased by 9.4 percent and amounted to $16.2 billion. In 2022, imports amounted to $17.9 billion.