Tashkent, Uzbekistan (UzDaily.com) -- The Presidential Resolution “On measures to further accelerate the deep processing of copper raw materials in the republic” was adopted.

According to the Resolution, it is allowed to make 25 percent of payments for copper raw materials purchased through exchange trading in the form of an advance payment, the remaining 75 percent must be paid within 90 days after receiving the copper raw materials.
 
At the same time, the amount of payments payable for each day the opportunity to pay in installments for copper raw materials is provided is set in the following amounts:

- for part of payments made within 30 days, interest is not calculated;

- for part of the payments made from the 31st day for 60 days, interest is calculated in the amount of 50 percent of the main rate of the Central Bank;

- for part of payments made from the 61st day for 90 days, interest is calculated at the main rate of the Central Bank.

The resolution comes into force on 1 April 2024, and its requirements do not apply to contracts concluded before 1 April 2024.