Russia delivers humanitarian aid to Aleppo daily unlike UK — Defense MinistryWorld December 03, 7:29
Foreign ministers of Russia, Japan will discuss Putin’s upcoming visit to TokyoRussian Politics & Diplomacy December 03, 3:37
President of Luxembourg Forum welcomes Russia’s attention to threat of nuclear terrorismWorld December 03, 3:11
Presidential polls to determine vector for Uzbekistan’s further development — CEC chairmanWorld December 03, 2:44
Lavrov, Kerry discuss settlement in Syria at conference in RomeWorld December 03, 1:36
Kiev halves water supplies to LPR from another pumping station — LPR negotiatorWorld December 03, 0:50
Civilian wounded by Ukrainian sniper near Gorlovka — agencyWorld December 03, 0:31
Reconciliation agreements signed with 6 Syrian settlements — Russian Defense MinistryWorld December 02, 23:50
Russia doesn't understand why Kiev still continues operation in Donbass — LavrovRussian Politics & Diplomacy December 02, 22:59
MOSCOW, December 25. /ITAR-TASS/. The Federation Council has ratified an agreement between the governments of the Russian Federation and the Republic of Uzbekistan to encourage and protect mutual investments.
The agreement envisages granting the most favored nation regime to Russian and Uzbek investors and guaranteeing the protection of their investments. An investor has the right to receive an adequate compensation if damage is caused to his investments. Investors are guaranteed unimpeded transition of payments abroad.
Earlier, Russian Deputy Finance Minister Alexei Likhachev said the ratification of the agreement would help protect legal interests of Russian investors in Uzbekistan.
Uzbekistan is one of Russia’s key partners in the region and in the CIS as a whole, Likhachev said, adding that Russia “traditionally ranks first in investment and foreign trade cooperation with Uzbekistan.
Russia’s investments in the economy of Uzbekistan reach about 650 million dollars while direct investments amount to $550 million, the deputy minister said.
Among key investors, he named such companies as LUKOIL and Gazprom, enterprises of telecommunications and the processing industry.
Russia invested hundreds of millions of dollars to the economy of Uzbekistan, Likhachev said.