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President Notes Opportunities of Mutually Beneficial Cooperation with the Russian VTB Bank

30.09.2021

On September 30, President Shavkat Mirziyoyev received the President and Chairman of VTB Bank Management Board Andrey Kostin, who is visiting Uzbekistan as a part of the Tashkent Economic Forum.

The development of mutually beneficial investment and financial cooperation between domestic enterprises and one of the largest banking institutions of Russia was discussed at the meeting.

The signing of the first Agreement on the allocation of a credit line for the projects of Navoi Mining and Metallurgical Plant in the amount of $1 billion was noted with satisfaction.

In addition, the possibilities of enhancing partnershipa in the implementation and financing of industrialization and infrastructure modernization projects were emphasized.

An agreement was reached on drafting a joint «Roadmap» to promote practical cooperation.

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