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Eurasian Development Bank approves 'several billion dollar project' for Kazakhstan

February 27, 11:42 UTC+3 ALMATY

Russian President Vladimir Putin noted that Kazakhstan is one of the key partners of Russia

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ALMATY, February 27. /TASS/. The Eurasian Development Bank has approved a project worth several billion dollars for Kazakhstan, Russia’s President Vladimir Putin said at a meeting with Kazakh President Nursultan Nazarbayev.

"For Kazakhstan it (the bank) has already approved a project for several billion dollars. I think this is a good sign for us to be confident in the positive development of our economic relations," Putin said.

Putin noted that Kazakhstan is one of the key partners of Russia.

"Yes, we mark some decline in trade turnover in terms of value, this is due to exchange rate differences, primarily from fluctuations in world market prices for our basic export goods. But the physical volumes it remained the same. Our task is to increase the sales volumes and reach sustainable growth," the Russian leader said.

He added that the conditions for it have already been created through the integration process.

The Russian leader said that Russia counts on the support of Kazakhstan as a non-permanent member of the UN Security Council. He stressed that the issues of integration involving the two countries are being resolved in working order. Putin noted that "there are some difficulties and problems that require careful consideration of the first persons (of the states)" and proposed discussing them at the meeting today.

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