Putin: Russia and Kazakhstan intend to strengthen economic cooperation

Putin: Russia and Kazakhstan intend to strengthen economic cooperation

Russia intends to provide financial support to the Russian-Kazakh business initiatives, the Russian President Vladimir Putin said at a meeting of the Russian-Kazakh business forum.

According to the president, Russia will take efforts to get the trade and economic relations with Kazakhstan back to growth trajectory.

"In 2015, the trade turnover amounted to $15.5 billion. True, the volumes of mutual trade have decreased, unfortunately," he said, adding that the decline was caused mainly by "market factors, first of all by persisting turmoil on global markets, currency fluctuations and high volatility of commodity prices."

However, Putin said, "even amid challenging environment we’ll be taking efforts to get the mutual trade back to the trajectory of sustainable development and growth further on, with the help of business communities of both countries."

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