Author: Avazova, Laziza Shuhrat qizi

Annotation: This article provides a comprehensive analysis of the state, dynamics and prospects of foreign direct investments from the Russian Federation to the Republic of Uzbekistan during 2019–2024. The study reveals that investment cooperation between the two states has grown steadily over the past five years, with direct investments reaching $1.2 billion by 2024. The energy sector — oil and gas, nuclear energy — remains the strategic backbone of cooperation, while investments in industry, banking and information technology are expanding year by year. At the same time, Western sanctions intensified since 2022 have created certain obstacles to the financial relations between the two countries. The article also develops practical recommendations for overcoming these barriers and developing cooperation in new areas.

Keywords: foreign investment, Russian Federation, Uzbekistan, Lukoil, Gazprom, Rosatom, industrial cooperation, capital flows, remittances, geopolitical factors, investment climate.

Pages in journal: 431 - 440