Russia, Kazakhstan Roll Out Economic Projects Worth Over $4Bln

© Flickr / Ken & NyettaCentral Downtown Astana, Kazakhstan
Central Downtown Astana, Kazakhstan - Sputnik International
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Moscow and Astana agreed to deepen bilateral trade drafting 27 projects.

ASTANA (Sputnik) — Russian Economic Development Minister Alexei Ulyukayev and Kazakh National Economy Minister Kuandik Bishimbayev have agreed a batch of draft economic projects worth over $4 billion to diversify bilateral trade, the Kazakh ministry said Tuesday.

"A list of measures has been drafted for 2016-2017 in order to deepen bilateral trade. The joint action plan sets out 27 projects across a wide range of economic spheres, worth over $4 billion," the statement released by the National Economy Ministry read.

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The agreement was reached at an inter-regional cooperation forum underway in the Kazakh capital of Astana.

Kazakhstan hopes that the projected economic measures will increase its trade turnover with Russia by 5-11 percent in the medium term. In its turn, Russia is exploring opportunities for supplying the Central Asian nation with natural gas.

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