Tashkent, Uzbekistan (UzDaily.com) -- The People’s Bank of Uzbekistan and Sberbank (Russia) signed a memorandum of understanding. This was reported by the press service of the Uzbek bank.

Within the framework of the document, banks intend to cooperate in external borrowing markets and in conducting investment banking operations.

Banks of Uzbekistan and Russia plan to cooperate in organizing trade finance and exchange information of an economic and financial nature.