Sixteen investment projects worth over $1.5 billion will be implemented in the automotive industry, housing construction, metallurgy and agriculture.

Green hydrogen is a critical component of the energy revolution since it enables low-emission, decarbonised mobility and is unquestionably critical for meeting the Paris Climate Agreement’s goals.

The meeting will take place in Tashkent from August 31 to September 4 and will be attended by 57 IsDB governors.

The Uzbek government, historically very wary of the spread of radicalism from Afghanistan, offered conflicting reports last week about incidents involving an alleged collision between an Uzbek MiG-29 and a fleeing Afghan military plane.

In an extensive interview with CNN Türk, he emphasised that statements by Kremlin officials that they want to help rebuild Armenia's devastated army - crushed during Baku's 2020 retaking of long-occupied Azerbaijani lands, "were devoid of logic".

The rating actions follow Fitch's similar action on Ukraine's sovereign rating, reflecting the resilience of Ukraine's credit fundamentals to the coronavirus shock and our expectation of economic recovery.

Lead-managers of the syndication were Citi Bank and JP Morgan. The funds were provided for five years under SOCAR's guarantee at LIBOR/EURIBOR + 3.45 percent.