Kazakhstan and Russia have agreed on 171 collaborative projects, with more than 50 already in the final stages of implementation, as President Kassym-Jomart Tokayev met with Russian Security Council Secretary Sergei Shoigu to discuss further strengthening their bilateral partnership.

During the meeting, Tokayev emphasized the growing cooperation between the two nations, highlighting the importance of Russian investments in Kazakhstan’s economy. He noted that Russia is now one of Kazakhstan’s key investors, a testament to the success of their economic collaboration.

“The cooperation between our countries is progressing well, including within law enforcement and defense sectors. This visit offers an opportunity to review our existing efforts and explore new areas for collaboration,” Tokayev said.

Shoigu, who thanked Tokayev for the opportunity to discuss regional security, underscored the strong relations between their countries, noting the impressive volume of trade and joint projects. 

He also highlighted that their cooperation extends beyond bilateral efforts, with both nations actively involved in organizations such as the Shanghai Cooperation Organization (SCO), the Collective Security Treaty Organization (CSTO), the Commonwealth of Independent States (CIS), and the Eurasian Economic Union (EAEU).

“The initiatives from Kazakhstan, among others, are being successfully developed within these frameworks,” Shoigu stated.

The two leaders also exchanged views on enhancing security cooperation, aiming to further strengthen the effectiveness of their joint efforts in the region.

In 2024, trade between Russia and Kazakhstan totaled KZT 12.7 trillion ($25.5bn). In 11M24, it was $24.2bn, with both nations aiming to increase this figure to $30bn. On the other hand, agricultural trade has shown positive growth, with a 5% increase in turnover in the first 10 months, reaching over $3.2bn.