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AIFC and representatives of large Russian business discussed issues of mutual beneficial cooperation

Today the Governor of the Astana International Financial Centre (hereinafter – AIFC) Kairat Kelimbetov met with representatives of the state and business circles of the Russian Federation.

The meeting was held with the participation of Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Kazakhstan HE Mikhail Bocharnikov.

 «Russian business is very interested in the new investment opportunities that AIFC provides», - HE M. Bocharnikov said.

K. Kelimbetov noted that the main strategic directions of the AIFC’s development are the capital market, asset management, private banking, Islamic finance, financial technologies, and green finance.

"The success of AIFC is mainly related to the participation of Russian companies and we would like to see them as active partners in all the main directions of the financial centre’s activity," K. Kelimbetov noted.

The issues of implementation the legislative base of the Eurasian Economic Union and participation of Russian companies and financial organizations on the territory of the AIFC were discussed during the meeting. In addition, the issues of cooperation between the AIFC and the Moscow stock exchange were also considered.

Representatives of large Russian business expressed a great interest in cooperation with the AIFC.


AIFC: In December 2015 President of the Republic of Kazakhstan Nursultan Nazarbayev signed the Constitutional law “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to form a leading international centre of financial services. For the first time in post-Soviet region Common law framework will be introduced in the AIFC. English shall be the official language of the AIFC.

 The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in the financial services, to develop local capital markets, to ensure their integration with the international capital market, and to develop markets for insurance and banking services and for Islamic financing in the Republic of Kazakhstan.