KAZAKHSTAN and Russia’s trade turnover has doubled over the last ten years and aims to reach the US$30 billion mark in the coming years, TV BRICS reported.This was announced during an extended meeting of the Russian-Kazakh business council held in Moscow.
“Trade turnover between Kazakhstan and Russia is showing steady growth and in 2024 will reach a record US$27.7 billion for the last decade,” the report stated.
According to the President of the Chamber of Commerce and Industry of Russia Sergey Katyrin, about 80 Russian regions are actively cooperating with Kazakhstan. Katyrin expressed confidence that the positive trend will continue, with trade turnover potentially reaching US$30 billion in the coming years, but the parties are aimed at further increasing trade turnover, as reported by KazInform, a partner of TV BRICS.
Chairman of the Board of the Chamber of International Commerce of Kazakhstan Murat Karimsakov emphasised that Russia has a significant share (about 20 per cent) in Kazakhstan’s foreign trade, which shows the importance of economic ties between the two countries, as per TV Brics.
— ANI
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