Uzbekistan, Russia see rise in trade turnover

By  Trend

The trade turnover between Russia and Uzbekistan from January to October this year amounted to $28 billion, Ambassador of the Russian Federation to Uzbekistan Vladimir Tyurdenev said during the conference dedicated to the results of the year.

The trade turnover increased by 25 percent compared to the same period last year. In physical terms, the volume of trade increased by 6.3 percent - from 3.6 million tons to 3.8 million tons.

He further said that to date over 900 enterprises with the participation of Russian capital operate in Uzbekistan, and there are about 600 Uzbek economic entities in the Russian Federation.

Among the major investment projects implemented in the country with Russian participation, the ambassador named the construction of the Kandym gas processing plant, the first stage of which was put into operation in early November 2017.

In addition, there was reached agreements on the implementation of such projects in Uzbekistan as the production of trucks under the brand KAMAZ. also there was established a joint venture for the production of agricultural machinery on the basis of the Chirchik plant of agricultural machinery with the participation of Rostselmash.

Tyurdenev said the strengthening of ties between Russia and Uzbekistan at the regional level played a huge role in achieving such results. Over the past year, 24 Russian business missions visited Uzbekistan.

"In total, about 70 Russian regions cooperated with economic entities of Uzbekistan in the outgoing year, the most active of which were the cities of Moscow and St. Petersburg, the Republic of Tatarstan, Chelyabinsk, Orenburg, Moscow, Sverdlovsk, Kemerovo, Ivanovo, Samara and Rostov regions" the envoy said.