Putin agreed to write off 95% of the debt of Uzbekistan – Gazette

Putin agreed to write off 95% of the debt of Uzbekistan – Gazette

Government of Russia and Uzbekistan in Tashkent today in the presence of President Vladimir Putin signed an agreement on the settlement of mutual financial claims and liabilities. Uzbekistan Russian debt with interest is about $ 890 million, of which the principal debt ?? $ 500 million. Will be charged 95% of the debt, plus interest, said Finance Minister Anton Siluanov. It is clear the financial relations between the two countries, he added: « to start from scratch».

Part of the debt accumulated since the Soviet era and is still part ?? from 1992-1993,., Siluanov said.

Uzbekistan ?? fourth among the CIS partner of Russia after Ukraine, Belarus and Kazakhstan. In 2013, turnover grew by 9.4%, to $ 4 billion in January-September 2014 ?? 8.2% of the corresponding period last year, to $ 3 billion. The countries also signed an agreement on deepening economic cooperation in the 2015-2019 biennium.

The countries ?? a high level of mutual understanding and trust, said at the signing ceremony Putin: long-term plans are the same, there are big plans for the future cooperation: « It is necessary, that nothing prevented trade and economic relations. ” The structure of trade between the two countries is improving: the share of goods with higher added value, Putin pointed out.

In Uzbekistan, working 902 companies with Russian capital. Russian investments in the Uzbek economy last year was $ 6 billion, the largest investors ?? « », « », « », « Evrotsement.”

MTS has established a joint venture with UMS to return to the market of Uzbekistan →

The new goal of ?? increase integration followed from the words of the two presidents.

will begin consultations on the possibility of creating a free trade zone between Uzbekistan and the Customs Union, Putin said.

Debt Settlement will provide opportunities to obtain loans, including military-technical cooperation, suggested Deputy Prime Minister Dmitry Kozak. Uzbek President Islam Karimov said that the integration of the former Soviet Union should be given a new impetus. CIS will exist as long as this union will maintain interest in the Russian Federation, he explained that if this interest is lost, and lost ground, which allow countries to jointly search for ways out of difficult situations. Eurasian Economic Union still takes time to get to his feet, he said.