Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan and Russia are implementing economic projects worth US$28 billion. Russian President Vladimir Putin stated this.

“Our country is also a leading investor in the economy of Uzbekistan. More than three thousand enterprises with Russian participation operate in the Uzbek market. In general, Russian capital investments have already exceeded US$13 billion,” Putin noted.

“About 100 joint economic projects totaling US$28 billion are being developed or are in the early stages of implementation,” the head of the Russian Federation added.

He added that Russia and Uzbekistan are vigorously switching to national currencies in financial transactions and building sustainable channels of credit and banking cooperation.

“The share of the ruble, for example, in bilateral commercial transactions at the end of last year reached 47.5 percent and continues to grow. To date, 17 banks of Uzbekistan have connected to the financial message transmission system of the Bank of Russia,” noted Vladimir Putin.