Lavrov says Russia expects to increase trade with Uzbekistan to $10 billion

01 September

Moscow expects the volume of mutual trade with Tashkent to reach $10 billion in the medium term, Russian Foreign Minister Sergey Lavrov said in his article for the special issue of the magazine the Budget dedicated to the 30th anniversary of Uzbekistan's independence.

The Russian foreign minister recalled that in 2020, the Russian-Uzbek trade turnover reached $5.9 billion.

"In the medium term, we expect to bring mutual trade figures up to $10 billion," Lavrov said.

The minister stated that the intergovernmental commission on economic cooperation is working effectively and the program of economic cooperation until 2024 is being implemented. He also pointed out that the volume of Russian investments in Uzbekistan's economy amounted to $10 billion. In addition, Lavrov noted that in 2020, more than 2 million Uzbeks worked in Russia, who sent home more than $4.3 billion in money.

"Scientific and technical cooperation on the use of atomic energy for peaceful purposes is approved as a flagship direction. The issue of building a nuclear power plant of Russian design in Uzbekistan, the first in the region of Central Asia, is being considered. I am confident that the successful implementation of this project will allow the republic to make a technological breakthrough," the minister summarized.



GSV "Russia - Islamic World"

Photo: Federation Council

Based on materials from TASS