Putin: Russia reorients its exports, imports to new markets| MENAFN.COM

Thursday, 02 February 2023 08:31 GMT

Putin: Russia reorients its exports, imports to new markets


(MENAFN) Russian Leader Vladimir Putin stated on Monday that global trade is in disaster and Moscow is reorienting its exports and imports to new markets throughout a conference with his Kazakh fellow Kassym-Jomart Tokayev.

“Over the past year, the trade turnover between Russia and Kazakhstan has grown by almost 35 percent,” Putin announced, talking at a meeting on interregional collaboration alongside Tokayev, who went to Moscow on his first official trip since being re-chosen as his nation’s leader last week for a new seven-year term.

Putin added that Russia stays one of the main investors in the Kazakh economy, with the volume of capital investments reaching USD17 billion, and that 76 out of 89 constituent bodies of Russia have started direct trade and financial relations with Kazakh associates.

"More than 30 major investment projects are being implemented jointly in all key sectors of the economy," Putin continued.

For his part, Tokayev declared Russia and Kazakhstan can initiate “mutually beneficial economic cooperation.”

"Last year, the volume of trade between our countries reached a new record high of USD24.5 billion," Tokayev voiced, claiming that "supplies from Kazakhstan to the Russian regions increased two-and-a-half times.”

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