Uzbekistan and Russia to sign a package of new investment agreements worth $4.6 billion

On September 15, Shavkat Mirziyoyev held talks with President of the Russian Federation Vladimir Putin, who arrived in Samarkand to attend the summit of the Shanghai Cooperation Organization.

At the meeting, the parties noted with satisfaction that the multifaceted Uzbek-Russian cooperation in recent years has reached an unprecedented high level. The parties agreed to adopt a joint Comprehensive Action Plan for the development of industrial and technological partnership, primarily in the areas of electronics, pharmaceuticals, textile and clothing and knitwear industries.

It was noted that within the framework of the current visit of the President of Russia to Uzbekistan, a package of new investment agreements for $4.6 billion is being signed in the fields of mechanical engineering, chemistry, petrochemistry and geology.

Direct interregional ties play an important role in expanding multifaceted cooperation. In the first half of the year alone, about 50 mutual visits to the regions of the two countries took place. The parties agreed to create joint industrial parks in the regions of Uzbekistan, to hold the next Forum of the regions of Uzbekistan and Russia in October this year.

The Presidents also highly appreciated the rich and diverse cultural and humanitarian cooperation. Uzbekistan today is the leader in terms of the number of foreign branches of Russian universities. Over the past four years, branches of 12 leading Russian universities have been opened. There are 15 of them in total.

Tourism exchanges are developing dynamically. This year, the number of Russian tourists in Uzbekistan has exceeded pre-pandemic levels. The Presidents exchanged views on issues of the regional and international agenda of mutual interest.

At the end of the meeting, the parties reaffirmed their commitment to further strengthening the strategic partnership and alliance between Uzbekistan and Russia.