Kazakh Prime Minister Olzhas Bektenov announced that Kazakhstan and Russia have completed 122 out of 177 planned joint industrial cooperation projects, totaling $22.4 billion. These projects span various sectors and are part of a broader $53 billion portfolio, reflecting a dynamic strategic partnership.
Russian Prime Minister Mikhail Mishustin stated that Russia sees potential for joint development of various vessels and underwater robotic systems with Indonesia. Other areas of interest include metallurgy, pharmaceuticals, medical equipment, and digital technologies.
The 2026 Greater Bay Area Low-Carbon Metallurgy and Advanced Metal Materials Technology Exchange Conference opened in Guangzhou on May 23. A joint R&D base for the national key laboratory for green and low-carbon steel metallurgy was unveiled.
Russian Security Council Deputy Secretary Alexey Shevtsov warned that Armenia's withdrawal from the Eurasian Economic Union would cause GDP to fall 15.1% ($3.65 billion), inflation to rise 14.3 percentage points, and unemployment to increase 6.5 percentage points. Industrial production would decline 26.3%, with metallurgy, beverages, tobacco, and food sectors most affected. Shevtsov cited President Putin's statement that profiting from both the EU and EAEU is impossible.
