As part of preparation for the state visit of the President of Uzbekistan, Sh. Mirziyoyev to the Russian Federation, an Uzbekistan delegation headed by the First Deputy Prime Minister and Chairman of the Board of Uzbekistan Railways, Achilbay Ramatov arrived in Moscow.

On April 3, 2017, at the Embassy of Uzbekistan in Moscow, the delegation members took part in the ceremony of signing of a part of bilateral documents in the trade, economic and investment areas totaling over US$ 4 billion, while the main package of documents will be signed during the upcoming state visit of the President of Uzbekistan to Russia.

Among the documents signed is a Memorandum with UGMK-Holding on the realization of the project for development of vanadium-containing titanomagnetite ores of Tebinbulak field in Uzbekistan with the launch of steel production worth US$ 1.5 billion, a Framework Agreement between the National Bank of Uzbekistan and GazpromBank, the Russian Export-Credit Agency on co-financing of investment projects in Uzbekistan worth total US$ 500 million, a Cooperation Agreement for construction of a copper-processing complex on turnkey basis between Almalyk GMK and RIVS R&D Institute in the amount of US$ 500 million, a Framework Agreement on cooperation between Asaka Bank and GazpromBank on financing the project for the construction of a metallurgical plant in Tashkent totaling US$ 88 million, Agreement on launch of joint production of agricultural machinery at Chirchik Agricultural Equipment Plant and a number of other significant agreements.

Also, contracts have been signed for the supply of fresh and processed fruits and vegetables to Russia between UzAgroExport and Uzagroexport trade house for $ 612 million, a Memorandum between UzbekNefteGaz and the Russian Ministry of Energy for the supply of Russian oil to Uzbekistan worth US$ 225 million, a Cooperation Agreement for the supply of excavator equipment between Almalyk MMC and IZKARTEKS excavator plant in Izhor totaling US$ 100 million.

The participants of the ceremony also discussed the ways to further advance mutually beneficial bilateral ties in the trade, economic and investment areas, including the issues of strengthening cooperation between entrepreneurs of the two countries and exchanged views on joint development and implementation of promising projects.

The accords signed once again confirm the high interest and desire of the sides to further develop contacts between the business circles of the two countries, to establish long-term partnerships and are the evidence of huge potential and opportunities for intensifying cooperation.