ASTANA, Kazakhstan, July 10. Almost half of all joint ventures in Kazakhstan are enterprises with the participation of Russian capital, said the head of the Russian Trade Mission in Kazakhstan Anton Loginov told Russian media on the sidelines of the 'Innoprom' International Industrial Exhibition, Trend reports.
"As of April 2024, almost half of all joint ventures in Kazakhstan - over 20,000 - with the participation of Russian capital," he said.
According to him, Russia is one of the largest investors in the Kazakh economy.
"The volume of Russian investments in the Kazakh economy amounted to about $23 billion. In turn, Kazakhstan is mainly interested in supplying its products to Russia, given the size of its market. But there are Kazakh investments in the industrial sector, mechanical engineering, food production," Loginov said.
Loginov noted that Kazakhstan has an interest in new technologies and investments.
"Russia can offer this, especially taking into account the logistics leverage and the availability of modern technologies at an affordable price. Therefore, this mutual interest is quite high," he added.
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.