Russia, Kazakhstan Discuss Joint Projects Worth $25Bln

作者: The AsiaN Editor on 24 June , 2016.
类别: All, Asia, Central Asia, Economic, News, Politics
FILE - In this Thursday, Oct. 9, 2014 file photo, Kazakhstan's President Nursultan Nazarbayev addresses the media after a meeting with European Commission President Jose Manuel Barroso at the European Commission headquarters in Brussels. The long-serving president of oil-rich Kazakhstan says he will stand again in snap April elections, and he is all but guaranteed to win. Kazinform state news agency reported that the ruling Nur Otan party formally nominated President Nursultan Nazarbayev, 74, to run during its congress Wednesday, March 11, 2015 in the capital, Astana. (AP Photo/Geert Vanden Wijngaert, File)

Photo: Newsis

Russia and Kazakhstan are discussing joint projects with a combined value of $25 billion, Kazakh President Nursultan Nazarbayev told the Russia-24 TV channel, Sputnik International news agency reported.

“Some 6,000 joint [Russian-Kazakh] ventures have been developed since [the Eurasian Economic Union] and now we have projects worth $25 billion in total to implement,” he said. “But if we do not count oil and gas-related projects, there are some $6-7 billion left for engineering, processing, small and medium-sized enterprises, services.”

Nazarbayev said the focus for Russian-Kazakh cooperation will be, among other spheres, on processing agricultural products.

The EAEU is an international organization set up with the aim of streamlining the flow of goods and services between its member countries, including Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

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