Kazakhstan and Russia deepen economic ties with $17B trade surge in 2025
Kazakhstan and Russia have significantly bolstered their economic ties, with bilateral trade surpassing $17 billion in the first eight months of 2025. This follows a year of robust investment and cooperation, with Russia emerging as Kazakhstan's largest investor in 2024.
In 2024, Russia injected $4 billion into Kazakhstan's economy, bringing cumulative direct investment to over $27 billion. This substantial capital influx has fueled numerous joint projects, with over 20,000 companies involving Russian participation now operating in Kazakhstan. Currently, 175 major collaborative projects are underway, spanning various sectors.
Energy cooperation has been a notable highlight. Both nations have made significant strides in oil, coal, and electricity extraction and supply, demonstrating their commitment to productive partnerships. Bilateral trade reached approximately $28 billion in 2024, reflecting the depth and breadth of their economic relationship.
President Kassym-Jomart Tokayev has reassured that there are no unresolvable issues between the two nations. Looking ahead, Kazakhstan and Russia plan to expand the capacity of key transport corridors, aiming to increase trade turnover to $30 billion. Despite the absence of specific details on a named project for enhancing cooperation in space and nuclear energy, the nations continue to explore new avenues for collaboration.
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