Uzbekistan, Russia plan to implement projects for $25 billion

On December 25, the Uzbek-Russian inter-MFA political consultations took place in Moscow, the Foreign Ministry press service reports.

The republic’s delegation was led by First Deputy Foreign Minister Ilhom Nematov. The Russian Federation was represented by a delegation led by Deputy Foreign Minister Andrei Rudenko.

The course of the implementation of the agreements reached within the framework of state visits of President Shavkat Mirziyoyev to Russia in April 2017 and President Vladimir Putin to Uzbekistan in October 2018 was considered. The parties monitored the implementation of bilateral documents in the trade-economic and investment field in 2019-2024 for a total of $25 billion, the report says.

As emphasized, the priority in strengthening strategic partnership has been the expansion of mutually beneficial trade-economic cooperation. Over the past two years, its volume has grown 1.5 times. In January-November of this year, the trade turnover amounted to $5.8 billion, which is 14.1% higher than the same period last year. Since the beginning of the year, 130 mutual visits of various delegations of an economic nature have been organized.

In this context, great importance was attached to the development of ties between the regions of the two countries. 

During the consultations, the parties exchanged views on the organizational aspects of the upcoming bilateral events in Tashkent in 2020, including meetings of the joint commission at the level of heads of government, the intergovernmental commission on economic cooperation.