Kamilla Khamraeva


+998 93 386 3032

Kamilla Khamraeva

+998 93 386 3032


Kamilla Khamraeva is a Counsel in the Tashkent office.

Kamilla is a dual-qualified lawyer (Uzbekistan and Russia) with over 10 years of legal experience working on a variety of transactions, including project financing with focus on energy and infrastructure projects.

She has a profound industry knowledge and experience in the transactions of the level required for banks, as well as passion in performing the services.

Legal 500, 2023



  • EUROPEAN BANKS AND ECAS on a multi-million syndicated loan facility to finance costs relating to the construction of a casting and rolling mill complex project as well as on a World Bank negative pledge issue and other Uzbek law-related matters
  • AN ITALIAN BANK on a USD 220 million loan to an Uzbek state-owned company to finance the costs of a governmental project related to the introduction of an automated system of control and metering of natural gas
  • A MAJOR RUSSIAN BANK on the secured financing of an Uzbek-licensed bank (funding agreement) and of two Uzbek state-owned oil & gas companies, where the scope included due diligence of the project documents and drafting Uzbek law-governed security documentation


  • A CONSORTIUM OF BANKS on all related project and finance documentation in connection with senior secured loans to finance Uzbekistan’s first IPP Scaling Solar Project, in the Navoi region with 100MW PVS
  • A CONSORTIUM OF BANKS on a finance transaction for the development and construction of a gas treatment plant and the supplementary exploration of an investment block conventional gas field in Uzbekistan with total funding of USD 1.5 billion
  • A MAJOR RUSSIAN BANK on a USD 2 billion financing facility for a governmental program aimed at increasing hydrocarbon production, with the scope of work involving structuring the transaction and drafting the project agreements, including gas offtake/ commission and export
  • A MAJOR INTERNATIONAL BANK on the financing of a state-owned gold producer in Uzbekistan, with the scope of work including analysing potential structures of gold exporting schemes and red-flag advice on the applicability / non-applicability of WBNP restrictions to various financing schemes considered by the lender
  • A FRENCH TRANSNATIONAL COMPANY on the structuring and implementation of a district heating network project in Tashkent filed as an unsolicited proposal under Uzbekistan’s PPP Law, with focus on modernisation and distribution in public utilities and an investment estimate of EUR 500 million over 25 years

*Experience prior to joining Kinstellar.


  • 2011: MGIMO, Moscow, Russia, LL.B.
  • 2013: University College of Turin, Italy, LL.M. in Economics and Finance


Russian, English, Italian, Uzbek