Russia and Kazakhstan have signed a nuclear power plant agreement valued at $16.5 billion, according to media reports.

Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev reportedly finalized the deal, which represents a significant energy infrastructure project between the two neighboring countries.

The agreement marks a substantial investment in nuclear energy development in Kazakhstan, though specific details about the project's scope, timeline, and technical specifications have not been disclosed in available reports.

Kazakhstan, a major uranium producer, has been exploring nuclear power development as part of its energy strategy. The country currently relies heavily on fossil fuels for electricity generation.

The deal comes amid broader geopolitical dynamics in Central Asia, where Russia maintains significant economic and political influence among former Soviet republics.