A JV Insulators and Fittings Plant was the first company with Russian capital, which was established in the Angren special industrial zone in 2015.

The share of Russian investors in the authorized capital of the joint venture was 53%. In the short term it is planning to establish several more joint ventures with investors from Russia. They will be promoted by an ongoing program of economic cooperation between the governments of the two countries for 2013-2017, focusing not only on the oil and gas industry, but also on mechanical engineering, construction materials, chemical, electrical, food and light industries.

For example, in the first 9 months of 2015, Uzbekistan increased exports of vegetables and fruits to Russia by 78.4%.

Russia has been the largest investment partners of Uzbekistan: Russian companies have invested more than $6 billion in the Uzbek economy in recent years alone. There are nearly 900 Uzbek-Russian joint ventures in Uzbekistan, and there are more than 500 enterprises with Uzbek capital in Russia.

(Source: «Uzbekistan Today» newspaper)