After the collapse of the Soviet Union, the economic interests of Russia and Uzbekistan diverged. One can only be surprised at how quickly the ties between industries and enterprises, including cooperative ones, developed over decades, broke down. In a matter of years, Uzbekistan has reoriented all its investment plans to its neighbors - Turkey and Iran, as well as to the industrialized countries of the West. For the sake of justice, it should be said that Russia did not consider the Republic of Uzbekistan as a promising partner in the 90s and practically did nothing to attract its investors to this Central Asian country. For example, in 1999, Russia's investments in Uzbekistan accounted for only 0.1 percent of the total volume of its investments in the CIS countries, which amounted to 347 thousand dollars. However, in 2000, this figure increased to 0.7 percent, or up to 929 thousand dollars. This situation is gradually changing. However, before analyzing the current state of Russian-Uzbek relations and their prospects, let us recall some important episodes of their history. The basic principles of state relations between Russia and Uzbekistan were enshrined in the Agreement on Friendship and Cooperation back in 1992. Despite the declared good intentions, the pace of development of economic ties between the two countries left much to be desired. Neither then nor later was Russia among the states that have a large number of enterprises with foreign investments in Uzbekistan. For example, in 1995, only 99 joint ventures were established in this country with the participation of the Russian Federation and 21 with the participation of Russia and third countries. For comparison, in the same year, Turkish entrepreneurs organized 106 joint ventures in Uzbekistan, 102 in the United States, 62 in Pakistan, 57 in Afghanistan, 45 in the United Kingdom, and 41 in China. Nevertheless, the process continued, and by the end of the decade, the share of joint ventures with Russian p ... Read more

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China Online
Beijing, China
01.06.2024 (45 days ago)
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