Kyrgyzstan and Russia Sign $270 Million in Agreements at Issyk-Kul Forum

At the seventh Kyrgyz-Russian Economic Forum on the shores of Issyk-Kul, Kyrgyzstan and Russia signed nearly 30 agreements worth about US $270 million. The forum brought together around 1,000 representatives from government agencies, investment funds, businesses, and public organizations across member states of the Eurasian Economic Union (EAEU). In his address, President Sadyr Japarov said Kyrgyzstan has maintained average annual economic growth of 9 per cent since 2022, the highest rate among countries in the Commonwealth of Independent States and the EAEU. He described the forum as a vital platform for strengthening cooperation, exchanging experience, and fostering direct business ties. He also stressed the importance of technological independence, protection of digital data, and the development of national IT infrastructure. The agreements span energy, industry, transport, aviation, agriculture, the digital economy, education, and logistics. They include a US $55 million contract for Airports of Kyrgyzstan to acquire aircraft from a Russian manufacturer, a US $2.8 million memorandum for the purchase of an electric cruise ship, supply agreements for tractors, trucks, metal products, and machine tools, and plans for a milk processing complex. Additional deals cover financing arrangements for Kyrgyz companies to issue securities on the Russian market, an investment agreement with the Eurasian Development Bank to support projects through the Russian-Kyrgyz Development Fund, and a commitment by the Kyrgyz Green Energy Fund to purchase electricity from Russian suppliers. Roscosmos and the Kyrgyz Ministry of Digital Development also signed a memorandum on the peaceful exploration of space. First Deputy Prime Minister Daniyar Amangeldiev noted that during Kyrgyzstan’s decade as an EAEU member, the country has seen improvements in socioeconomic indicators, a decline in unemployment, and continued growth in priority sectors.