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17.09.2020

Uzbekistan, Russia develop investment cooperation

Uzbekistan, Russia develop investment cooperation
On September 17, Tashkent hosted a meeting between Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov and Chairman of the State Development Corporation VEB.RF Igor Shuvalov.

The parties noted the high level of strategic partnership between the Republic of Uzbekistan and the Russian Federation and expressed their commitment to further development of economic and investment cooperation by intensifying bilateral contacts at various levels.

At the meeting, mutual readiness to develop a dialogue aimed at expanding investment cooperation and identifying new points of interaction between the economies of the two countries in a pandemic was indicated. Issues on development and approval of new investment projects in the fuel and energy, mining, pharmaceutical, machine-building industries, in development of urban infrastructure, tourism, information and communication technologies and transport were considered.

After the meeting, Uzbekistan – Russia roundtable discussion on key areas and joint projects of cooperation has taken place. The participants discussed the joint investment projects under development, the prospects for expanding industrial cooperation and intensifying business partnership between entrepreneurs of the two countries.

Views were exchanged on the mechanisms for further interaction for development of specific project proposals in the energy, agrological, metallurgical, transport and educational spheres.

Following the event, and Agreement on the terms of the exchange of electronic messages in the system of transferring financial messages of the Bank of Russia between the State Development Corporation VEB.RF and the National Bank of Uzbekistan, as well as a loan agreement on financing the purchase of automobile and special equipment of KAMAZ brand between VEB.RF and JV LLC KAMAZ Asia Leasing, were signed.

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