A meeting of the intergovernmental commission on economic cooperation between Uzbekistan and Russia, as well as the Council of Regions of the two countries, was held in Fergana Tuesday, the press service of the government commission on investment attraction, industrial development and trade regulation reported.
Uzbekistan’s delegation was led by Deputy Prime Minister Jamshid Khojayev, while Russia’s delegation was headed by First Deputy Prime Minister Denis Manturov.
In the first eight months of 2026, trade between Uzbekistan and Russia increased by 10%. The two countries’ presidents had previously set a target of raising bilateral trade to $30 billion.
According to plans announced at the meeting, the sides intend to launch 17 joint projects worth $350 million in 2026 in the chemical industry, agricultural processing and metalworking.
The meeting also covered cooperation in the energy sector, including the construction of a nuclear power plant in Jizzakh province, workforce training, and the localization of equipment production and services.
The meeting resulted in the signing of the intergovernmental commission’s protocol and the Strategy for Scientific and Technological Development of Uzbekistan and Russia for 2026-2040.
At the Council of Regions meeting, it was noted that all 14 provinces of Uzbekistan cooperate with more than 50 regions of Russia. The portfolio of interregional cooperation includes more than 200 projects with a total value of nearly $6 billion.
The sides exchanged four documents following the meeting.
The Fergana province administration and the government of Omsk region signed an agreement on cooperation in industry.
Surkhandarya province and Krasnoyarsk Krai agreed to develop trade and economic, scientific and technical, cultural and humanitarian ties.
Namangan province and Dagestan agreed on an action plan to implement an earlier agreement on trade and economic, scientific and technical, and social and cultural cooperation.
The sides also exchanged an investment agreement between the Ministry of Investments, Industry and Trade and Russian marketplace Wildberries. The agreement provides for the construction of a Class A logistics complex.
According to Spot, citing Wildberries & Russ, the agreement envisages the construction of a multifunctional logistics complex in Zangiata district of Tashkent province.
The logistics hub will occupy a 67.3-hectare site in the Bogzor mahalla, which borders the capital’s Yangihayot district. Design work is currently under way, with construction expected to begin in late October.
The marketplace plans to create at least 7,500 jobs at the complex, while another 2,000 people are expected to receive training under specialized educational programs.
Wildberries said the project would help promote goods made in Uzbekistan on foreign markets. The company expects construction of the hub to “become an important step in expanding warehouse infrastructure and supporting the export potential of local producers.”
Representatives from all provinces of Uzbekistan and 17 regions of Russia, as well as about 400 entrepreneurs from the two countries, took part in the Council of Regions meeting. The next meeting is planned to be held in Omsk.
