Russia-Kazakhstan Trade Relations Strengthen Amid Sanctions
Trade turnover between Russia and Kazakhstan growing — Volodin

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Despite ongoing sanctions, trade relations between Russia and Kazakhstan are flourishing, with turnover nearing $30 billion, according to Vyacheslav Volodin, Speaker of the Russian State Duma. The cooperation includes joint projects and production facilities, highlighting the strengthening ties since Kassym-Jomart Tokayev became Kazakhstan's president.
- 01Trade turnover between Russia and Kazakhstan is approaching $30 billion.
- 02Vyacheslav Volodin emphasized that Russia has maintained its position as the fourth-largest economy globally.
- 03Kazakhstan is currently Russia's largest trade and investment partner.
- 04Joint production facilities are being established in Kazakhstan with the involvement of Russian companies.
- 05Kazakhstan will hold its first elections for a unicameral parliament in August.
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During a recent meeting in Moscow, Vyacheslav Volodin, the Speaker of the Russian State Duma, highlighted the growing economic ties between Russia and Kazakhstan, which continue to thrive despite sanctions. He noted that trade turnover is nearing $30 billion, marking Kazakhstan as Russia's largest trade and investment partner. Volodin praised the development of Kazakhstan's economy under President Kassym-Jomart Tokayev, stating that Russia has remained the world's fourth-largest economy, surpassing Germany and Japan. He attributed the ongoing challenges and sanctions to attempts to hinder the progress of both nations. Maulen Ashimbayev, Chairman of the Senate of Kazakhstan’s Parliament, echoed Volodin's sentiments, emphasizing the importance of joint projects and production facilities being established in Kazakhstan with Russian collaboration. Additionally, Ashimbayev informed Volodin about upcoming changes in Kazakhstan’s state structure following new constitutional provisions, which will take effect on July 1. He also mentioned that Kazakhstan is set to conduct its first elections for a unicameral parliament in August, inviting State Duma deputies to participate in the observer mission.
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The strengthening trade relations may lead to increased economic stability and growth for both countries, benefiting local businesses and consumers.
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