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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of November 14, 2017 No. PP-3386

About measures for enhancement of competitive environment, eradication of conditions for abuse and plunders in the sphere of providing with fuel and energy resources and other highly liquid products, to strengthening of payment discipline, reducing receivables and payables

[Extraction]

For the purpose of creation of effective competitive environment and step-by-step decrease in monopoly on commodity markets and services, liquidation of elements of distributive system, creation of equal conditions of access of all business entities to material resources, the prevention, eradication and prevention of abuses and plunders in the sphere of providing with fuel and energy resources and other highly liquid products, reducings receivables and payables, and also ensuring financial stability of agricultural industry and key branches of the industry in the conditions of liberalization of monetarist policies:

1. Accept offers of the Ministry of Finance, the Ministry of Economics of the Republic of Uzbekistan and the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition:

a) about cancellation since January 1, 2018 of powers of state bodies, the organizations and government commissions to approve the limits of prices for products, raw materials and materials, amounts and dislocation of their distribution which are not corresponding to provisions of this resolution (except for socially important and strategic types of products which list is determined by the Cabinet of Ministers);

b) about step-by-step implementation, since January 1, 2018, procedure for domestic sale by enterprise monopolists on the basis of the market principles only through the exchange biddings of oil products, cement, hire of ferrous metals, copper, cotton fiber and other highly liquid types of products, raw materials and materials according to the list according to appendix to this resolution;

c) about transition since January 1, 2018 to forming of the integrated material balances approved by separate types of products, raw materials and materials it is exclusive for the purpose of the analysis and forming of short-term, and also mid-term forecasts of their production and consumption.

2. To the Cabinet of Ministers of the Republic of Uzbekistan in ten-day time to make the government decision establishing the personal responsibility of heads of the corresponding complexes of the Cabinet of Ministers, departments and economic associations for providing uninterrupted and timely satisfaction of requirement of industries of economy and the population according to material balances in oil products and other highly liquid types of products, raw materials and materials at market prices, and also prevention of their deficit on all republic.

3. To the Ministry of Finance of the Republic of Uzbekistan:

provide allocation until the end of 2017 to oil refineries of JSC Uznefteprodukt of non-interest budget advances in the amount of 2.0 trillion bags, from them 600 billion bags - within three days, with the target direction for import of hydrocarbonic raw materials and finished oil products;

provide allocation at the expense of means of the Government budget of the Republic of Uzbekistan of subsidies of JSC Toshshakhartranskhizmat for 2017-2018 for the purpose of non-admission of sharp growth of rates for transportations across Tashkent;

increase in 2017, in connection with transition to market pricing to oil products, the corresponding expenditure items of the Government budget and parameters of the Investing program of the Republic of Uzbekistan;

provide, since 2018, in parameters of the Government budget and the Investing program of the Republic of Uzbekistan necessary funds for acquisition by state funded organizations of main types of highly liquid goods at market prices.

4. Lower since November 15, 2017 the consumption tax of automobile gasoline and diesel fuel by 50 percent.

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