Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Deputy Prime Minister of Russia Alexander Novak met with First Deputy Prime Minister of Kazakhstan Roman Sklyar at the St. Petersburg International Economic Forum.
“We consider Kazakhstan as our closest ally and strategic partner,” emphasized Alexander Novak. “Cooperation in the trade, economic and investment spheres is developing successfully, large-scale joint projects are being implemented in industry, energy, transport infrastructure, agriculture and the digital economy. Russia remains the largest investor in the Kazakh economy, with investment growth in 2024 amounting to 25% compared to 2023.”
He highly praised the interaction between Russia and Kazakhstan in the format of the OPEC deal, which makes a decisive contribution to ensuring stability and predictability of the global oil market. The Deputy Prime Minister called for continued coordination of collective actions within OPEC, as they meet long-term national interests and contribute to strengthening the economies of the countries participating in the deal.
The parties discussed the expansion of Russian-Kazakh cooperation in the electric power and oil and gas sectors, as well as the terms of Russian oil and gas supplies to Kazakhstan and in transit through its territory.
Alexander Novak invited Roman Sklyar and the delegation of Kazakhstan to take part in the annual international forum “Russian Energy Week”, which will be held from October 15 to 17 in Moscow.
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