On February 6, in Tashkent, Uzbekistan’s Minister of Justice, Akbar Tashkulov, and Switzerland’s Ambassador to Uzbekistan, Konstantin Obolensky, signed an agreement on the repatriation of confiscated assets, the Uzbek Ministry of Justice reported.
Under the agreement, approximately $182 million will be returned to Uzbekistan. These funds were illegally obtained by certain Uzbek citizens and were fully confiscated in 2012 by the Swiss Prosecutor General’s Office as part of criminal proceedings against Gulnara Karimova, the eldest daughter of former President Islam Karimov. The money will be transferred through the United Nations Uzbekistan Vision 2030 Fund Multi-Partner Trust Fund.
This is not the first such agreement. In August 2022, Uzbekistan and Switzerland signed a similar agreement in Bern, outlining principles and mechanisms for returning illegally acquired assets. That agreement confirmed that the returned funds would be used for the benefit of Uzbekistan’s population through the UN trust fund.
Under the 2022 agreement, Uzbekistan was set to receive around $131 million. With this latest deal, the total amount of repatriated funds will now reach $313 million.
The Uzbekistan Vision 2030 Fund will allocate these funds to socially significant projects, particularly in healthcare and education.
