Accessibility links

Breaking News

Russian Cabinet OKs Uzbek Debt Deal

The Russian government has agreed to send a debt agreement with Uzbekistan to the State Duma for ratification.

The decision was announced on July 22, months after the Russian and Uzbek presidents, Vladimir Putin and Islam Karimov, signed the deal in Tashkent in December 2014.

Back then Putin said the accord, under which Russia would write off most of Uzbekistan's $920 million debt, would pave the way to further development of bilateral economic ties.

The Russian government’s decision to approve its ratification comes days after Russian Foreign Minister Sergei Lavrov visited Tashkent.

On July 15, Lavrov met with Karimov in the Uzbek capital to discuss bilateral economic, military, and humanitarian cooperation.

With reporting by and