According to the results of the first four months of this year, the bilateral trade volume between Russia and Kazakhstan increased by 9 percent compared to the same period of 2022 and reached approximately 716 billion rubles in monetary terms. The growth of trade between the two countries took place against the backdrop of international sanctions against Moscow. opens Russian Prime Minister Mikhail Mishustin’s promises to TASS.
“Last year mutual trade reached a record level – 2 trillion Russian rubles or 13 trillion tenge. In January-April (of the current year – socialbites.ca), the volume of trade increased by more than 9%, reaching about 716 billion Russian rubles or 4 trillion tenge, ”Michustin spoke at the opening of an enterprise, meeting with the Prime Minister of Kazakhstan Alikhan Smailov.
In the increasing bilateral trade environment, it is important for countries to create new production capacities in the industrial and engineering sectors. In addition, the Russian prime minister concluded that there is potential to build ties in the energy and transport sectors.
Serik Zhumangarin, Deputy Prime Minister of Kazakhstan on June 6 declarationthat in the next few years bilateral trade between Kazakhstan and China will exceed the total size of the republic’s operations with Russia in volume. Thus, in the medium term, China will become the main trading partner of Astana instead of Moscow.
Source: Gazeta
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