According to the National Bank’s statistics, Russia has become the largest investor in Kazakhstan. In 2024, the gross inflow of direct investments from Russia reached $4 billion, a significant increase from over $3 billion in 2023.
The total amount of foreign direct investments (FDI) in Kazakhstan in 2024 stood at $17.1 billion, with Russia accounting for 23.6% of the total.
The National Bank has been tracking these statistics since 2005, and this figure is the highest recorded over the entire monitoring period. Before 2011, Russian investments in Kazakhstan were below $1 billion. In 2014, this amount surpassed $1.5 billion...