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Three documents signed after Russian-Kazakh talks

Three documents were signed Saturday after talks in Almaty between the Russian and Kazakh presidents.

ALMATY, June 17 (RIA Novosti) - Three documents were signed Saturday after talks in Almaty between the Russian and Kazakh presidents.

Vladimir Putin and Nursultan Nazarbayev met after a summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA), to sign a joint statement and an agreement between the Kazakh government and the Eurasian Development Bank (EDB) on the terms of the bank's stay in Almaty.

The bank will be based in former Kazakh capital Almaty - still the country's business center - and have a branch in St. Petersburg, Russia's second city, and offices in the two countries' capitals, Moscow and Astana. It was established to help boost investment across the former Soviet Union.

The two leaders also signed an agreement between Russia's Information Technologies Ministry and Kazakhstan's communications agency. Putin said the agreement would help regulate technical issues dealing with telecommunications.

As for the EDB, Putin said all procedures to establish the bank were completed.

Russia and Kazakhstan signed an agreement to create the bank January 12 in the Kazakh capital, Astana. Under the agreement, the bank will have authorized capital of $1.5 billion, 33% of which will belong to Kazakhstan and the remainder to Russia.

"Now it's necessary to start practical activity, and considerable funds allocated by Russia and Kazakhstan to the charter capital would allow attracting serious financial resources to resolve integration tasks," Putin said.

Nazarbayev said Eurasian Economic Community states [Eurasec is a regional body seeking to establish a single economic zone comprising Russia, Kazakhstan, Kyrgyzstan, Tajikistan, and Belarus] could from now on receive loans from the bank.

Putin and Nazarbayev said it would be expedient to conclude an agreement between the two countries' governments to create and launch geostationary communications and broadcast satellite KazSat-2.

A spokesman for Russia's federal space agency said earlier Saturday the launch of Kazakhstan's first satellite KazSat, built by Russia's Khrunichev center under a 2004 contract with the Kazakh government, was scheduled for June 18.

Putin said the KazSat launch, which he and Nazarbayev would attend, would be a landmark event.

The joint statement also said an intergovernmental agreement should be signed on cooperation in the sphere of using and developing the Glonass navigation system.

The two leaders said they were for "further development of strategic partnership and implementation of joint work to study and use outer space with civilian purposes to deepen integration process and strengthen Russia-Kazakhstan cooperation."

"Kazakhstan is becoming a space power," Nazarbayev said.

Putin said he and Nazarbayev had discussed the whole range of bilateral trade and economic ties and added that he hoped bilateral trade would exceed $10 billion in 2006.

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