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Signing of major agreements in the oil and gas sector of Uzbekistan was held on 6 April 2021. Between the Ministries of energy, Finance of the Republic of Uzbekistan, JSC “Uztransgaz” and VEB.RF, “Gazprombank” and JSC “EKSAR” signed a memorandum on mutual understanding on the organization of financing of the project “Modernization of gas transportation system”.

In order to increase the efficiency of the energy sector, a new strategy for the development of renewable and hydrogen energy in the Republic of Uzbekistan will be elaborated by the Resolution of the President “On measures for the development of renewable and hydrogen energy in the Republic of Uzbekistan” No.ПП-5063 dated on 9 April 2021 (the “Resolution No.ПП-5063”).

On April 3, 2021, the Cabinet of Ministers adopted the Resolution “On Measures for further Improvement of the procedure for accounting, reporting and monitoring of water resources in water use and its management” No.174 (the “Resolution No.174”)

The Cabinet of Ministers of the Republic of Uzbekistan adopted the Resolution “On the approval of the strategy of management and reform with State participation for 2021-2025” No.166 dated 29 March 2021 (the “Resolution No.166”).

The Cabinet of Ministers adopted the Resolution “On the Organization of Activities of the State Enterprise “Navoiuran”, JSC “Navoi Mining and Metallurgical Combine” and the State Institution “Fund of the Navoi Mining and Metallurgical Combine” No.170 dated on 30 March 2021 (the “Resolution No.170”).

The Capital Market Development Agency (the “Agency”) is abolished in accordance with the Resolution of the President “On Measures for Further Improvement of the Capital Market Regulatory System” No.ПП-5073 dated 13 April 2021 (the “Resolution No.ПП-5073”). The Ministry of Finance has succeeded to all rights, obligations and treaties of the Agency.