Rethinking the Economic Relationship between Kazakhstan and Russia

According to their governments, economic relations between Kazakhstan and Russiathe two largest post-Soviet countrieshave been exceptionally solid and robust. However, statistical data demonstrate that Russian investments in Kazakhstan's economy have been weak, and that Kazakhstan has only recently increased investment in the Russian economy. This raises the question of whether relations between the two countries have been more uneven than has been claimed officially. The article also explores the influence of off-shore investments via third countries and other aspects of the bilateral relationship between Kazakhstan and Russia and the involvement of each country in the other's economy.