Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan and Russia plan to create a joint investment fund with an authorized capital of US$500 million.

Presidents Shavkat Mirziyoyev and Vladimir Putin discussed issues of developing bilateral cooperation in Kazan.

They expressed satisfaction with the positive dynamics in trade and the implementation of projects in various fields.

Putin noted that the creation of a fund with an authorized capital of US$500 million could become an effective tool for implementing cooperation plans.

In addition, the presidents discussed cooperation in the development of transport corridors and confirmed interest in Russia's participation in the construction of a new railway through Afghanistan.

Uzbekistan also expressed plans to attract US$5 billion in investment with Russian participation in 2024, noting the potential for US$45 billion of investment in various projects in the country.