Preview

Post-Soviet Issues

Advanced search

Russian-Uzbek Cooperation: Risks and Development Potential

https://doi.org/10.24975/2313-8920-2020-7-4-470-484

Abstract

In the context of tough geopolitical and economic competition, the development of Russian-Uzbek economic cooperation is of particular importance in terms of promoting Eurasian integration and forming the economic partnership belt of Russia. The economic potential, the level of diversification of industries and their technological effectiveness, and a balanced strategy of foreign economic cooperation of Uzbekistan contribute to the achievement of these goals to the greatest extent.

In this context, the article aims to identify promising areas for the development of economic cooperation based on a comprehensive assessment of the state, risks and potential of economic cooperation. The study uses methods of economic analysis, systematic assessment of the state and prospects of development of various areas of cooperation between countries.

The main factor in increasing the intensity of trade and economic cooperation between Russia and Uzbekistan is the new track of political and economic guidelines, changes in domestic economic policy, and the liberalization of currency exchange operations. Internal reforms have become a stimulating platform for activating bilateral agreements on expanding cooperation, which is reflected in the growth of mutual trade turnover, promotion and activation of investment and industrial cooperation projects. The intensification of Russian-Uzbek economic cooperation will help balance the centers of power in regional integration.

About the Author

A. A. Migranyan
Institute of Economics, Russian Academy of Sciences
Russian Federation

Aza А. Migranyan - DSc in Economics.

Bld. 32, Nakhimovskij Av., Moscow, 117218


References

1. Eurasian integration in a turbulent world. Ed. L.B. Vardomsky. St. Petersburg: Aleteia; 2019. 288 p. (In Russ.)

2. Ruzieva D.I., Rastopchina Yu.L., Sivtsova N.F. Structural and dynamic analysis of foreign economic activity of Uzbekistan and assessment of the intensity of Russian-Uzbek trade relations. Scientific result. Economic research. 2018;4(2):18-27. DOI: 10.18413/2409-16342018-4-2-0-2 (In Russ.)

3. Akhmedov Kh.T., Smolik N.G. Republic of Uzbekistan in integration processes in the post-Soviet space. Post-Soviet studies. 2019;2(1):854-865. (In Russ.)

4. Foreign Policy of the CIS Countries. Ed. D.A. Degterev, K.P. Kuryleva. Moscow: Aspect Press; 2017. 496 p. (In Russ.)

5. Grozin A.V. Prospects for the development of the oil and gas complex of the Republic of Uzbekistan. Geoeconomics of energy. Special issue Post-Soviet mainland. 2018;4:168-175. (In Russ.)

6. The strategy for action in the five priority areas of development of the Republic of Uzbekistan in 2017-2021. Appendix No. 1 to the Decree of the President of the Republic of Uzbekistan of 07.02.2017 No. UP-4947. All legislation of Uzbekistan. URL: https://nrm.uz/contentf?doc=491928strategiyadeystviypopyatiprioritetnymnapravleniyamrazvi-tiyarespublikiuzbekistanin2017-2021(prilo-jenie_n_1_k_ukazu_prezidenta_ruz_ot_07_02_2017_g_n_up-4947) [Accessed: 18.07.2020] (In Russ.)

7. Ziyadullaev U. S. Foreign trade and integration priorities of the Republic of Uzbekistan. Russian Foreign Economic Gazette. 2020;6:63-82. (In Russ.)

8. Kazantsev A.A., Gusev L.Yu. Reforms in Uzbekistan’s foreign policy: main achievements and development scenarios. Vestnik RUDN. International Relations. 2018;18(2):292-303. DOI: 10.22363/2313-0660-2018-18-2-292-303 (In Russ.)

9. Bazyleva S.P., Chernenko E.F. Cooperation between Uzbekistan and Russia as a stabilizing factor in the Eurasian space. Bulletin of RUDN. Series: International Relations. 2016;16(3):505-520. (In Russ.)

10. In 2020, Uzbekistan is expected to develop $1.5 billion of Russian investments. URL: https://nuz.uz/ekonomika-i-finansy/1157437-v-2020-godu-v-uzbekistane-ozhi-daetsya-osvoenie-15-mlrd-rossijskih-inves-ticzij.html [Accessed: 17.07.2020] (In Russ.)

11. Shermukhamedov A.T. Uzbekistan’s strategic cooperation with Russia in the energy and transport spheres. The potential of modern science. 2016;7:38-40

12. Alekseev I., Butenko V. And others. Uzbekistan: Window of Opportunity. 2019. 9 June. URL: Uzbekistan Window of Opportunity (bcg. com) [Accessed: 12.09.2020] (In Russ.)

13. Mirmuminov M., Akbarov B. International economic relations of the Republic of Uzbekistan. Policy of Uzbekistan on the development of international trade and economic cooperation. Bulletin of Science and Practice. 2018;4(2):355-360. (In Russ.)

14. Khurramov J.R. Conceptual foundations of relations between Uzbekistan and Russia. Post-Soviet studies. 2019;2(5):1328-1339. (In Russ.)

15. Migration policy of Russia and donor countries in conditions of diverse Eurasian integration: monograph. Ed. Migranyan A. A., Tkachenko M. F. Institute of CIS Countries. St. Petersburg: ALETEYA Publishing House; 2019. 258 s. (In Russ.)

16. Trade route: Putin took Tashkent with investments. October 19, 2018. URL: https://www.gazeta.ru/business/2018/10/19/12027277.shtm-l?updated [Accessed: 24.08.2020] (In Russ.)


Review

For citations:


Migranyan A.A. Russian-Uzbek Cooperation: Risks and Development Potential. Post-Soviet Issues. 2020;7(4):470-484. (In Russ.) https://doi.org/10.24975/2313-8920-2020-7-4-470-484

Views: 1099


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2313-8920 (Print)
ISSN 2587-8174 (Online)