18:52 GMT04 July 2020
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    Russia and Kazakhstan are discussing joint projects with a combined value of $25 billion, Kazakh President Nursultan Nazarbayev said Thursday.

    ALMATY (Sputnik) — Nazarbayev said the focus for Russian-Kazakh cooperation would be, among other spheres, on processing agricultural products, adding that Kazakhstan could also partially displace Russian imports of South American meat.

    "Some 6,000 joint [Russian-Kazakh] ventures have been developed since [the Eurasian Economic Union] EAEU… and now we have projects worth $25 billion in total to implement. But if we do not count oil and gas-related projects, there are some $6-7 billion left for engineering, processing, small and medium-sized enterprises, services," he told Rossiya-24 television.

    According to the Kazakh president, the transport and logistics sector is also one of the the aspects of the countries' bilateral cooperation.

    The EAEU is an international organization set up with the aim of streamlining the flow of goods and services between its member countries, including Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.


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