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President Vladimir Putin announced plans to launch the first Kazakh communications satellite in the second half of this year

June 2, 2005, Zvyozdny Hotel, Baikonur, Kazakhstan

Following the meeting with President of Kazakhstan Nursultan Nazarbayev, Mr Putin also confirmed that Russia is ready to establish an investment bank jointly with Kazakhstan.

The two Presidents particularly noted the considerable potential for bilateral cooperation in high-tech sectors, especially in the space sector.

June 2, 2005, Zvyozdny Hotel, Baikonur, Kazakhstan