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Kazakhstan and Russia plan to implement 60 projects worth 20 billion US dollars

by October 4, 2016 Key Issues

Kazakhstan and Russia are going to implement 60 projects worth 20 billion US dollars. This was announced by President of Kazakhstan Nursultan Nazarbayev at the Kazakh-Russian business forum.

Currently, we are planning to implement 60 projects worth 20 billion US dollars. Kazakhstan will provide all-round support for their implementation, Nursultan Nazarbayev said.

The Head of State emphasized that Kazakhstan and Russia possess a huge experience of mutual cooperation.

Alongside, we have unused potentials for expanding mutually beneficial cooperation. The first, we work in a single economic space. The Eurasian Economic Union has been established on the ground of the Customs Union. Today, the Union initiated by Kazakhstan, Russia and Belarus, combines five countries. A free trade zone agreement has been inked with Vietnam, there are held negotiations with China and South Korea. Recently Singapore has expressed willingness and opened a free trade zone with the EEU. India, Egypt, ASEAN member-states and many other countries would like to cooperate with the EEU. All that proves relevance of the EEU, the Kazakh Leader added.

Source: Government of the Republic of Kazakhstan