The Uzbek-Russian Business Council was established in 2005 on the basis of the Chambers of Commerce and Industry of Uzbekistan and Russia in order to assist the business circles of the two countries in establishing mutually beneficial partnerships, implementing joint investment projects, as well as finding solutions to issues arising in the way of cooperation between Uzbek and Russian enterprises.

The meeting was attended by Deputy Prime Minister of the Republic of Uzbekistan J. Khodjaev, Deputy Prime Minister of the Russian Federation, Minister of Industry and Trade of the Russian Federation D. Manturov, Chairman of the Uzbek-Russian Business Council of the Chamber of Commerce and Industry of the Republic of Uzbekistan D. Vakhabov, Chairman of the Russian-Uzbek Business Council, President of JSC ER-Telecom Holding A. Kuzyaev, Deputy Minister of Investment and Foreign Trade of the Republic of Uzbekistan H. Teshabaev, Deputy Minister of Economic Development of the Russian Federation D. Volvach, member of the Russian-Uzbek Business Council, President of the South Ural Chamber of Commerce and Industry F. Degtyarev and others.

The parties made speeches on the trade, economic and investment potential of the regions of Uzbekistan and Russia, indicating the most promising areas of bilateral cooperation.

It is worth noting that according to the results of the previous year, Russia became the main trading partner of Uzbekistan - the mutual trade turnover between the two countries amounted to about $ 9.2 billion, an increase of 22.9% compared to 2021.

The meeting also focused on the further development of cooperation through business councils, which make it possible to provide practical assistance to entrepreneurship. After all, in addition to solving specific issues of interaction, the councils strive to ensure the fulfillment of contractual obligations, which fully meets the interests of both countries.

During the meeting, the results of the activities of the Uzbek-Russian Business Council over the past period were reviewed, as well as tasks for the coming period, promising areas of foreign trade cooperation and intersectoral cooperation of enterprises and organizations of the two countries were discussed, the press service of the Chamber of Commerce and Industry reports.