Tashkent, Uzbekistan (UzDaily.com) — Deputy Prime Minister of the Russian Federation Alexander Novak paid a working visit to the Republic of Uzbekistan, where he met with President Shavkat Mirziyoyev to discuss prospects for expanding cooperation in strategic sectors, including oil and gas, coal, energy, nuclear development, banking and finance, high-tech projects, and industrial development.

"Relations between Russia and Uzbekistan, built on the principles of equality, mutual respect, and consideration of each other’s interests, represent a comprehensive strategic partnership and alliance. In Russia, we closely follow with pride the scale of Uzbekistan’s economic reforms, its accelerating growth, and the country’s rising influence at both regional and international levels," Novak stated.

Speaking at the 4th Tashkent International Investment Forum, the Deputy Prime Minister highlighted that over the past three years, Russian companies have signed investment agreements exceeding $5 billion. He also emphasized that Asian nations are among Russia’s key trade partners, with bilateral trade between Russia and Uzbekistan almost doubling in the last four years to surpass $10 billion. Presidents of both countries have set an ambitious goal to raise this figure to $30 billion in the coming years.

Novak also noted that Russia’s VEB.RF Development Corporation has invested $13.1 billion, while the Russian Export Center has committed $3.8 billion in support of joint projects. “I am confident that we will achieve remarkable results this year,” he added during the forum’s plenary session.