ASTANA – Russian President Vladimir Putin has revealed that Moscow’s involvement in Kazakhstan’s nuclear energy sector goes far beyond simple construction or credit-based projects. Instead, Russia is laying the groundwork for a complete nuclear industry in the Central Asian nation.
“We Are Creating an Industry”
Speaking to reporters, Putin emphasized the depth of the planned cooperation:
“We are not just building something using credit resources. We are creating an industry. We are starting to train specialists and engaging local personnel in collaborative work.”
The statement signals a long-term strategic partnership, with a focus on technology transfer and workforce development, rather than a one-off construction deal.
Financing on Standard International Terms
When asked about Russia’s state export loan for the nuclear power plant, Putin noted that Russia’s financing terms mirror global norms:
“Our terms for financing such projects are no different from similar operations in other regions of the world. This is standard international practice.”
He added that many countries, including several European nations, have dedicated credit lines to support domestic exports—in Russia’s case, the export of services and goods.
Russia Benefits from Loans, Interest, and Orders
Putin clarified that the financial arrangement is mutually advantageous:
“We are not sinking or giving away this money, but lending it out. This money will be returned to the Russian treasury. We are lending it with interest, as is customary. The interest is quite reasonable and meets all current international standards.”
Beyond the financial return, he highlighted industrial benefits:
“We’re filling our own plants with these orders. And we’ll then participate in servicing, supplying equipment, spare parts, fuel, and so on.”
Strategic Importance for Both Nations
The Russian leader also underlined the deeper geopolitical and economic rationale:
“This is beneficial for Russia because we have long-term cooperation with Kazakhstan in the field of uranium raw materials. It’s beneficial because Kazakhstan is one of the largest countries, home to the largest uranium deposits.”
From Kazakhstan’s perspective, Putin argued the deal offers a major upgrade in status:
“It’s beneficial for Kazakhstan to have additional momentum in this direction—to be not only a supplier of raw materials but also a recipient of high technologies. And this is very important for all our partners, including Kazakhstan.”
BY: The Times Union
