23 Sep 2022 10:58

Kazakh-Russian trade up 3.5% in Jan-July

ASTANA. Sept 23 (Interfax) - The trade turnover between Kazakhstan and Russia grew 3.5% year-on-year to $13.7 billion in January-July 2022, the Kazakh prime minister's press service said.

According to the press service, Kazakh Deputy Prime Minister, Trade and Integration Minister Serik Zhumangarin met with Russian Deputy Prime Minister Alexei Overchuk during a working trip to Moscow on September 22 to discuss bilateral trade and economic cooperation.

"The negotiations highlighted current aspects of bilateral interaction in various economic sectors. The renovation of the Astrakhan-Mangyshlak conduit, the supply of steel products to Russia, the transit of Kazakh coal and iron ore, and restrictions on the smooth exportation of goods from Kazakhstan are the issues most significant to Kazakhstan," the press service said.

The sides expressed the readiness for close cooperation and swift resolution of every problem.

They also noted an upward trend in the bilateral trade turnover.

"The trade turnover between Kazakhstan and Russia stood at $13.7 billion in January-July 2022, up 3.5% from the respective period of the previous year ($13.2 billion)," the press service said.

Kazakh Prime Minister Alikhan Smailov said earlier that the bilateral trade grew 5% in January-June 2022.