Main directions of economic relations between Kazakhstan and Russia at the present stage

Aidyn Kaltaev, A. Sugurova, F. M. Tuleyeva

2020

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DOI 10.46914/1562-2959-2020-1-4-39-45
Data confidence 70 medium
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Abstract

This article is devoted to cooperation between the Russian Federation and the Republic of Kazakhstan in the economic sphere. The article analyzes the analysis of trade relations between countries, the structure of exports and imports. The author describes the priority areas of cooperation and the main aspects of the development of regional cooperation and economic cooperation in cross-border trade. Special attention was paid to an important stage of bilateral relations between Russia and Kazakhstan within the framework of the EAEU. This paper presents major projects in the field of energy, industry, education, infrastructure and transport, as well as studies economic cooperation between the Russian Federation and the Republic of Kazakhstan. The study examined the dynamics of trade turnover for the period 2015–2019. The ratio of exports and imports by year is considered. The paper considers the structure of Russia's exports to Kazakhstan in 2019. The article also examines the share of imports from Russia in the total imports of Kazakhstan. International relations allow us to develop the economy of two countries, which is very important in the context of globalization. Statistics show that Russian-Kazakh relations are steadily strengthening. The development of communications between states will open up new areas for cooperation in the future. The dynamic development of the strategic partnership between the two countries will extend to all new areas of trade and economic cooperation in high-tech industries, especially in the field of space and nuclear energy. However, the huge potential of trade and economic cooperation has not been fully realized.