Kazakhstan and Russia announce $8 billion in joint projects as Europe deepens Central Asia engagement
Kazakhstan and Russia are set to launch 27 new joint projects worth $8 billion, signalling a notable expansion in bilateral economic cooperation.
Kazakh President Tokayev emphasized that Kazakhstan remains ready to contribute to resolving global challenges and fostering international cooperation.
Kassym-Jomart Tokayev, President of Kazakhstan, stated that while Astana operates internationally within its means and capacities, it remains prepared to assist in addressing global challenges.
“I must emphasize that we do not ask or aspire to be called mediators anywhere. We act in the international arena within the limits of Kazakhstan's potential and capabilities. But we are always ready to contribute to the resolution of international issues,” he said in an interview with local newspaper Ana Tili.
Tokayev mentioned his December talks with US President-elect Donald Trump as meaningful and frank, noting Trump recognized Kazakhstan as a key strategic partner. They agreed to maintain high-level contact, and Trump sought Tokayev's views on situation in Ukraine.
He noted a unique dynamic, highlighting Russia's military strength and Ukraine's determination to endure the conflict with Western support. He emphasized that resolving the Russia-Ukraine war relies on the will of both parties and involvement from leaders like Trump. Tokayev also reiterated Kazakhstan's consistent call for peace negotiations since the conflict began in February 2022.
President Tokayev highlighted efforts to strengthen Kazakhstan's ties with China and Russia during last year’s discussions. He also mentioned talks with Russian President Vladimir Putin in November 2024 about Kazakhstan’s first nuclear power plant, with Rosatom potentially joining the consortium for the project.
“Taking into account China’s great achievements in the construction of civilian nuclear facilities, negotiations are underway with a company from this country. Corporations from other countries, including Western countries, are interested in the project,” he said.
“In addition, I do not rule out the possibility of building a second or even a third nuclear power plant in the near future. The nuclear industry will give a huge impetus to the development of our economy, which is already experiencing an energy shortage.”
Regarding the recent Azerbaijan Airlines plane crash near Aktau, he noted that a government commission investigating the cause decided to send the recovered black boxes to Brazil, the plane's country of manufacture.
“I am sure that this step is the only right decision necessary for an objective and impartial investigation,” Tokayev noted.
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Kazakhstan and Russia are set to launch 27 new joint projects worth $8 billion, signalling a notable expansion in bilateral economic cooperation.
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