• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12634.34
    • RUB162.37
    • EUR14821.34
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +37°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan World Money

    Trade volume between Russia and Central Asia increases amid Western sanctions

    Trade volume between Russia and Central Asia increases amid Western sanctions

    Trade volume between Russia and Central Asian countries is on the rise despite Western sanctions stated Sergei Overchenko, Deputy Director of the third department of CIS countries of the Russian Foreign Ministry during an expert discussion hosted by the Valdai Discussion Club on 20 May Tass reports. The discussion focused on Russia and Central Asia in new strategic conditions based on the results of the 4th Central Asian Conference held on May 14-15.

    "Despite the illegitimate western sanctions, it is possible to increase the volume of bilateral trade with Central Asian countries. Russian investments in the region are also increasing. The structural base of trade is expanding due to the non-resource component," Overchenko added.

    Earlier Daryo reported that the Russian Deputy Foreign Minister Mikhail Galuzin had highlighted at the 4th Central Asian Conference of the Valdai International Discussion Club on May 14 that the total trade turnover between Russia and Central Asian countries exceeded $44bn in 2023, with Russia accounting for one-third of Central Asia's foreign trade turnover.

    Sergei Overchenko at the Valdai discussion club on May 20
    Photo credit / Valdai discussion club

    Moreover, Russia remains a key trade and economic partner for Central Asian states maintaining a significant presence in the region's economy as noted by Overchenko at the discussion.

    "In the current conditions, Russia and the countries of Central Asia are adequately tested for strength, we continue to actively develop ties with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan on the basis of equality, respect and trust. At the same time, we put open, depoliticized cooperation at the forefront, focused on economic realities and mutual benefit".

    Overchenko further emphasized that Russia is one of the primary consumers of goods produced in Central Asia highlighting the sustained economic ties between Russia and Central Asian countries undeterred by external pressures.

    Furthermore, according to the state statistic agency Uzbekistan's exports to Russia in Q1 2024 reached $1bn, while imports for the same period totaled $2.8bn, accounting for 18.4% of Uzbekistan's foreign trade volume.

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    23.05.2024, 08:01   Comments (0)   1865
    Facebook Twitter LinkedIn Telegram Email
    Sabiha Samar

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Uzbekistan's TST Group invests $52mn in Azerbaijani textile cluster

    22.05.2024, 23:28

    Uzbekistan, Türkiye discuss enhanced interaction within Turkic States Organization

    22.05.2024, 21:03

    Saudi Arabia considers canceling visas for citizens of Uzbekistan

    22.05.2024, 20:01
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    Kazakhstan and Afghanistan sign memorandum on construction of Trans-Afghan railway

    Kazakhstan | 12 July, 15:34

    Uzbekistan, France partner to modernize heating infrastructure in Fergana

    Uzbekistan | 12 July, 13:01

    Tajikistan reportedly begins deporting Afghan migrants, sets 15-day deadline

    Tajikistan | 12 July, 11:05

    Japan, UNDP partner with Uzbekistan to ease water crisis in Aral Sea region with compact wastewater systems

    Uzbekistan | 11 July, 17:10

    China and Uzbekistan establish joint venture for container transportation

    Uzbekistan | 11 July, 15:31

    Uzbekistan’s Chilanzar district cuts poverty rate to 2.2% in 1H25 amid industrial growth push

    Uzbekistan | 11 July, 13:30

    EBRD backs green transport upgrade in Osh, Kyrgyzstan with €14.7mn loan

    Kyrgyzstan | 11 July, 12:03

    Chinese company to modernize 200 km of roads, construct overpasses in Tashkent, Uzbekistan

    Uzbekistan | 11 July, 10:30

    Uzbekistan to bring $8bn in investment to Tashkent in 2025, says President Mirziyoyev

    Uzbekistan | 11 July, 09:00
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.