President Kassym-Jomart Tokayev welcomed the Russian Ambassador to Kazakhstan, Alexey Borodavkin, in a significant diplomatic meeting at the presidential residence, Akorda reported. During the discussion, President Tokayev highlighted the positive trajectory of the relationship between Kazakhstan and Russia, emphasizing the stable and comprehensive dialogue that has evolved across various facets of interstate cooperation.
President Tokayev acknowledged the recent official visit of Russian President Vladimir Putin to Astana, underscoring the importance of the agreements reached during the high-profile meeting. The President of Kazakhstan affirmed that these agreements once again underscored the mutual commitment to fortifying the strong bonds of good neighborly relations between the two nations.
The meeting between President Tokayev and Ambassador Borodavkin delved into current issues as well as the future prospects for the development of the Kazakh-Russian strategic partnership. The leaders engaged in discussions aimed at enhancing cooperation in areas of mutual interest, including economic collaboration, cultural exchanges, and regional security.
Both parties expressed satisfaction with the current state of affairs and reiterated their commitment to working together to address shared challenges. The leaders also discussed potential avenues for expanding trade and investment ties, fostering people-to-people connections, and bolstering collaboration on regional and international issues.
Kazakhstan and Russia's Relationship
Russia continues to play a pivotal role as a major investor in Kazakhstan's thriving economy. Over 50 significant projects in Kazakhstan owe their success to the support of prominent Russian enterprises such as AvtoVAZ, Beeline, Gazprom, Gazprom Neft, KAMAZ, Kirovsky Zavod, Lukoil, Mechel, Polymetal, Rosatom, Roskosmos, Rostec, Rusal, and Yandex. Notably, Rosneft holds a substantial 25% stake in the Kurmangazy offshore field project situated in the Caspian Sea.
The collaborative efforts extend to approximately 8,000 companies with Russian involvement, including 3,348 joint ventures actively operating within Kazakhstan. This strategic partnership has significantly bolstered bilateral trade, contributing to a notable increase of $2bn, resulting in a total trade volume of $26bn between the two nations.