BAKU, Azerbaijan, Dec. 24
By Fakhri Vakilov - Trend:
Russian National Reserve Corporation (NRC) company of businessman Alexander Lebedev, created an agrology complex in Uzbekistan in the Jizzakh region, Trend reports citing Uzbekistan’s Ministry of Justice.
NRC established a joint venture with the participation of an Uzbek company - BMB Trade Group. The establishment of the enterprise was founded in accordance with the decree of Uzbekistan’s Government "On measures to create a modern agrology complex in the Jizzakh region."
"In accordance with the decree, an Uzbek-Russian joint venture in the form of BMB-NRC Agrologistics LLC was created to organize a modern agrology complex," the Justice Ministry’s Telegram channel says.
The draft resolution was posted on the national portal for public comment.
The agrology project provides for the creation of refrigerators with a capacity of 10,000 tons and free warehouses, as well as the installation of equipment for shock freezing, processing, calibration, sorting, packaging and drying of fruits and vegetables by attracting direct foreign investments of NRC.
The newly created complex will also provide a wide range of services based on the "single window" principle for exporting fresh and processed finished products to the Russian markets and other countries, the document says. It is planned that the complex will be commissioned in 2021.
National Reserve Corporation is a Russian financial and industrial holding uniting the assets of Russian businessman Alexander Lebedev.
According to the official statistics of Uzbekistan, in 2018, the trade turnover of agricultural products and food between Uzbekistan and Russia increased by more than 20 percent and amounted to $550 million.
According to experts, the unresolved issues on tariffs for the transportation of fruits and vegetables across Russia and Kazakhstan are constrained by direct deliveries to the Russian market. A significant part of Uzbek fruits and vegetables is delivered to Russia through Kazakh intermediaries who use benefits within the framework of the Eurasian Economic Union.
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