Kazakhstan and Russia are set to launch 27 new joint projects worth $8 billion, signalling a notable expansion in bilateral economic cooperation.
The announcement was made during Kazakh Prime Minister Olzhas Bektenov’s official visit to Moscow on April 21, where he met with his Russian counterpart, Mikhail Mishustin.
“This is a historic figure,” Bektenov said, referring to the $4 billion in Russian investment Kazakhstan received in 2024—a 32% increase over the previous year.
Currently, more than 23,000 companies with Russian participation operate in Kazakhstan, making up nearly 40% of all foreign enterprises in the country. These companies are active in critical sectors such as mechanical engineering, metallurgy, and chemicals. Notably, one in every three foreign-capital enterprises in Kazakhstan involves a Russian partner.
Bilateral trade reached $27.8 billion in 2024, and both nations aim to raise that to $30 billion in the near term. Over the past 20 years, Russian investors have poured $26 billion into Kazakhstan, while Kazakh businesses have invested approximately $9 billion in Russia.
Moscow continues to underscore Kazakhstan’s role as a strategic partner in the Eurasian region, with nearly 70% of trade conducted through direct cooperation between regional authorities.
Meanwhile, European interest in Central Asia is growing. Italian Prime Minister Giorgia Meloni is set to visit Uzbekistan on April 25–26, followed by a trip to Astana to participate in the inaugural “Central Asia–Italy” summit. Leaders from all five Central Asian nations are expected to attend.
Italy’s engagement with Kazakhstan is especially robust. Italian companies, active in the country since 1992, are involved in energy, agriculture, mechanical engineering, and hydropower projects. The country is already one of Kazakhstan’s top three trading partners and ranks fifth in foreign direct investment. In 2024 alone, bilateral trade has approached $20 billion.
This European outreach follows the recent Central Asia–EU Summit in Samarkand, where the European Union unveiled a €12 billion investment package aimed at deepening economic ties with the region.
Kazakhstan’s global importance is also rising due to its vast reserves of rare earth minerals. Just days before the EU summit, Kazakh authorities announced the discovery of a major rare earth deposit in the Karaganda region, estimated to hold nearly one million tons of critical elements such as cerium, lanthanum, neodymium, and yttrium—materials vital to digital and green technologies.
The “Central Asia plus one” format has become a popular diplomatic tool for Western countries — whether it’s the EU, Germany, the United States, Japan, or now Italy. As global competition for influence intensifies, Central Asia is emerging as a focal point of international diplomacy. And each new summit is no longer just a formality — it’s part of a broader geopolitical contest for the heart of Eurasia.
Italian Prime Minister Giorgia Meloni is set to make an official visit to Kazakhstan from April 26 to 27, at the invitation of President Kassym-Jomart Tokayev.
Kazakhstan and Azerbaijan are set to conduct joint naval exercises, "Caspian Breeze – 2025", in the Kazakh sector of the Caspian Sea near the port city of Aktau.
On April 11, Foreign Minister Sergey Lavrov will participate in the CIS Foreign Ministers Council and the 8th meeting of Russian and Central Asian foreign ministers—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Both events will be hosted in Almaty, Kazakhstan.
Kazakh President Kassym-Jomart Tokayev held a meeting to address the worsening global market situation amid the collapse of energy and commodity prices on global markets due to tariff conflicts, the presidential press service said.
Azerbaijan, Kazakhstan, and Uzbekistan have partnered with regional banks to launch a clean energy project connecting Central Asia to Europe via the Caspian Sea.
With rising global tensions and growing risks to shipping, China is reshaping its trade strategy by constructing a new railway to Europe — one that deliberately avoids its close ally, Russia.
Toyota has signed a $2 billion deal to build a wholly-owned electric vehicle plant in Shanghai, as the Japanese automaker strengthens its position in China’s growing EV market during heightened US-China trade tensions.
Kazakhstan and Russia are set to launch 27 new joint projects worth $8 billion, signalling a notable expansion in bilateral economic cooperation.
Azerbaijan's Minister of Culture Adil Karimli met his Kyrgyz counterpart Mirbek Mambetaliev in Bishkek to discuss cultural collaboration, highlighting key initiatives like the Kyrgyz Culture Days in Baku and joint projects like the new school in Aghdam.
Azerbaijan and Algeria held their second round of political consultations in Algiers on Monday, led by Azerbaijan's Deputy Foreign Minister Yalchin Rafiyev and Algeria’s Secretary General of Foreign Affairs Lounes Magramane.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
Pope Francis, the first Latin American pope and a transformative figure in the Roman Catholic Church, has passed away at the age of 88, the Vatican confirmed in a video statement on Monday.
Azerbaijan's Minister of Culture Adil Karimli met his Kyrgyz counterpart Mirbek Mambetaliev in Bishkek to discuss cultural collaboration, highlighting key initiatives like the Kyrgyz Culture Days in Baku and joint projects like the new school in Aghdam.
Azerbaijan and Algeria held their second round of political consultations in Algiers on Monday, led by Azerbaijan's Deputy Foreign Minister Yalchin Rafiyev and Algeria’s Secretary General of Foreign Affairs Lounes Magramane.
Indian Prime Minister Narendra Modi arrived in Jeddah on Tuesday for a two-day visit aimed at strengthening economic, energy, and diaspora-related ties with Saudi Arabia.
On April 22, President of the Republic of Azerbaijan Ilham Aliyev arrived in the People's Republic of China.
Azerbaijan and Ukraine have reaffirmed their commitment to strengthening cooperation in social protection and rehabilitation, as officials from both countries highlighted expanding ties and shared efforts to support war-affected communities and advance social reforms.
With rising global tensions and growing risks to shipping, China is reshaping its trade strategy by constructing a new railway to Europe — one that deliberately avoids its close ally, Russia.
Toyota has signed a $2 billion deal to build a wholly-owned electric vehicle plant in Shanghai, as the Japanese automaker strengthens its position in China’s growing EV market during heightened US-China trade tensions.
Kazakhstan and Russia are set to launch 27 new joint projects worth $8 billion, signalling a notable expansion in bilateral economic cooperation.
Azerbaijan's Minister of Culture Adil Karimli met his Kyrgyz counterpart Mirbek Mambetaliev in Bishkek to discuss cultural collaboration, highlighting key initiatives like the Kyrgyz Culture Days in Baku and joint projects like the new school in Aghdam.
Azerbaijan and Algeria held their second round of political consultations in Algiers on Monday, led by Azerbaijan's Deputy Foreign Minister Yalchin Rafiyev and Algeria’s Secretary General of Foreign Affairs Lounes Magramane.
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