Uzbekistan and Russia Reach 75% Settlement in National Currencies

Uzbekistan and Russia have increased the share of mutual payments made in national currencies to 75%, Deputy Prime Minister Jamshid Khodjayev announced at a meeting of the intergovernmental commission.

Khodjayev stressed that this shift has become a priority amid global financial uncertainty. As he put it,

«Against the backdrop of geopolitical turbulence, Denis Valentinovich (Manturov, Russia’s First Deputy Prime Minister) and I constantly raise this issue: the stability of payment infrastructure and digital services is becoming one of the key topics.»

The deputy prime minister described the 75% share as a significant milestone and called for further progress through stronger payment channels and deeper system integration.

Earlier, Khodjayev said the joint project portfolio between Uzbekistan and Russia has surpassed $55 bn.