Alexander Novak and President of the Republic of Uzbekistan Shavkat Mirziyoyev
Alexander Novak addresses the plenary session of the 4th Tashkent International Investment Forum in the Republic of Uzbekistan
Alexander Novak and President of the Republic of Uzbekistan Shavkat Mirziyoyev
Russian Deputy Prime Minister Alexander Novak paid a working visit to the Republic of Uzbekistan where he met with the republic’s President Shavkat Mirziyoyev and addressed the plenary session of the 4th Tashkent International Investment Forum.
During the meeting with Uzbekistan’s leader, the sides discussed potential expansion of cooperation in areas such as oil and gas, coal, energy, nuclear, and finance and banking, as well as in hi-tech projects and industry.
“Russia-Uzbekistan relations grounded in equality, mutual respect and accounting for each other’s interests have a nature of comprehensive strategic partnership and alliance. Russia is proudly watching Uzbekistan as it conducts sweeping economic reforms, achieves accelerated economic growth, and confidently asserts its positions at the regional and international levels,” Alexander Novak said.
Speaking at the 4th Tashkent International Investment Forum, the Deputy Prime Minister reported that over the past three years, Russian companies had inked investment agreements worth over 5 billion dollars on the sidelines of the forum. He qualified Asian countries as Russia’s major trade partners and noted dynamic growth of trade with Uzbekistan. The Russia-Uzbekistan trade turnover has nearly doubled in the past four years to excede10 billion dollars. The two countries’ presidents set the task to raise it to 30 billion dollars in the coming years.
“The Russian economy is stable and is actively developing despite harsh geopolitical conditions. Last year, the economy grew by 4.3 percent, which is well above the world’s average, whereas investments have grown by 18 percent in the past two years. Russia remains a key global trade partner and is actively facilitating logistics and expanding cooperation geography. Our priorities include enhancing trade and economic relations with Asia, the Middle East, Africa and Latin America, building up integration bonds based on sovereign equality of states and respect,” Alexander Novak stated.
He called Russia an open economy closely integrated in the global market as the world’s fourth biggest economy and also as a member of key international associations and large cooperation projects.
“We are prepared to offer full-format technology and industry partnerships to other countries, including the provision of a full-life cycle of goods and services along with training national personnel, localising production and engineering support. This cooperation policy allows for building solid ties between states, raises our companies’ resilience in the global market and offers long-term collaboration to our partners, with a promising outlook and groundwork for the future,” the Deputy Prime Minister added.
