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Akylbek Japarov: Kyrgyzstan and Russia plan to increase trade to $5 billion

Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov and Deputy Prime Minister of Russia Alexey Overchuk took part in the VI Kyrgyz-Russian Economic Forum, which is taking place in Issyk-Kul region. The press service of the Cabinet of Ministers reported.

According to it, Akylbek Japarov noted that both challenges and opportunities are created for all countries in modern conditions of changes in the world order and increasing global competition. According to him, in this turbulent reality, Kyrgyzstan is demonstrating significant progress, despite external difficulties.

«Our GDP in 2023 reached 1,229 trillion soms, government revenues have doubled since 2021, and key macroeconomic indicators continue to improve. This is the result of the coordinated work of our country aimed at sustainable development and modernization of the economy. In these conditions, one thing remains unchanged: Russia remains and will remain our strategic partner, with whom we are connected not only by economic interests, but also by centuries-old cultural, historical and social ties,» he said.

Akylbek Japarov emphasized that trade is a key pillar of cooperation between Kyrgyzstan and Russia. In 2023, trade turnover between the two countries exceeded $3 billion. The heads of state have set an ambitious goal to increase this figure to $5 billion.

In his speech, the Chairman of the Cabinet of Ministers noted that energy remains one of the key areas of Kyrgyzstan — Russia cooperation, mentioning the projects being implemented with Rosatom on construction of small hydroelectric power plants, as well as wind and solar power plants.

«These projects will help not only improve energy security, but also accelerate the transition to renewable energy sources, which is a strategic priority for our country. I express my gratitude to the Russian Federation for its continued support in ensuring stable electricity supplies to Kyrgyzstan. The gas industry is no less important. We plan to step up work on major energy projects, such as the construction of Chaldovar Thermal Power Plant and Kara-Kechin Thermal Power Plant with a capacity of 500 megawatts, which will provide our country with the necessary energy resources and create new opportunities for industrial development. We are faced with serious challenges, and only through joint efforts we can solve them,» Akylbek Japarov concluded, adding that the forum serves as a confirmation of the common commitment to strengthening and deepening Kyrgyzstan-Russia relations.

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