Uzbekistan flags exchange trade violations in Q1

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s Competition Committee has identified unjustified income totaling 1.249 billion soums in the sale of highly liquid products through exchange trading mechanisms.

Following inspections, authorities established violations of competition law and non-compliance with Cabinet of Ministers Resolution No. 170. Cases have been initiated against offenders, binding orders have been issued, and enforcement measures have been applied.

In the Andijan region, an inspection of VODIY SANOAT FAXRI LLC revealed that cotton fiber, lint, and other highly liquid products were sold outside the exchange system, directly under contracts. This resulted in unjustified income, prompting a recovery order of 133.8 million soums, financial penalties, and a mandatory directive to eliminate the violations.

In the Bukhara region, an analysis covering January–May 2025 showed that JR COTTON LLC sold products, including cotton waste, worth over 970.2 million soums through direct contracts without listing them on the official exchange platform. A case has been opened and an order issued to cease violations.

In the Namangan region, monitoring identified breaches at 14 enterprises producing highly liquid goods. Proceedings were initiated against 11 of them, with financial penalties imposed. Additionally, unjustified income of 65.4 million soums was recorded due to artificial price inflation at an oil and fat enterprise, and two officials were held administratively liable.

In the Navoi region, DYNAMIC ELECTRONICS LLC sold highly liquid flour through direct contracts, generating 22.6 million soums in unjustified income. A case has been opened and enforcement measures applied.

In the Surkhandarya region, Denov chorvachilik omuxta yem LLC also sold products outside exchange trading, resulting in 11.8 million soums in unjustified income. A binding order has been issued.

In the Republic of Karakalpakstan, ELLIKQAL’A OLTIN TOLASI KLASTERI LLC was found to have sold products via direct contracts, earning 430.8 million soums in unjustified income. Measures have been taken to rectify the violations.

In the Kashkadarya region, Mirishkor ratex tekstil LLC violated exchange trading procedures, including delays in approving product placement schedules. Authorities identified unjustified income of 584.9 million soums, initiated proceedings, and issued a mandatory compliance order.

The Competition Committee stated that enforcement actions will continue to ensure transparency and fair competition in commodity exchange trading.