ASTANA, Kazakhstan, November 12. Russia and Kazakhstan should work to increase trade and investment, said Kazakhstan's President Kassym-Jomart Tokayev, Trend reports via the Kazakh president’s press service.
He made the statement during a video address at the plenary session of the 21st Forum for Interregional Cooperation between Kazakhstan and Russia, which was held in Uralsk.
Tokayev noted that Russia is Kazakhstan's largest trade and investment partner, and targeted efforts are underway to increase bilateral trade turnover to $30 billion.
"In 2024, Russian investments reached a record high of $4 billion. The total accumulated volume of Russian investments in Kazakhstan, according to our data, has surpassed $27 billion. In turn, Kazakhstan's investments in Russia amount to about $9 billion," Tokayev said.
The president also highlighted that over 20,000 companies with Russian capital are successfully operating in Kazakhstan, creating thousands of jobs and making a significant contribution to the dynamic growth of the economy.
"These impressive figures clearly reflect the high dynamics of our cooperation. I believe we should not stop at this level, but continue moving forward, steadily increasing trade and investments," said the president of Kazakhstan.