The 23-year-old Indian wrestler was always chasing two-time defending world champion Uguev in the final as he ended up losing the bout 4-7.
Kaladzinskaya's loss meant bad news for Phogat as she would have had a chance in repechage had the Belarusian reached the final.
Vinesh Phogat lost in the quarterfinal, knocking her out of contention for gold.
Thursday’s action will see wrestler Ravi Kumar Dahiya fighting for India’s second individual gold while the men’s hockey team seek its first medal in 41 years.
India's second seed Deepak Punia lost 0-10 by technical superiority to USA's David Morris Taylor III, missing out on advancing to the gold medal match.
Ravi Kumar Dahiya beat Nurislam Sanayev of Kazakhstan in the men’s freestyle 57 kg semifinal. He will face Uguev Zavur in the final.
Wrestler Sonam Malik ended her campaign at the Tokyo Olympics before it could even begin as she suffered a narrow loss in the Round of 16.
Day 11 of the Tokyo Olympics 2020 proved to be a bit of a let down for India, but they still have opportunities to add to their medal tally. Follow all the highlights here.
Mirabai Chanu became the first siver medalist in weightlifting as she achieved the feat in 2020 Tokyo Olympics.
With a historic silver medal at 2012 London Games, Sushil Kumar becomes the only Indian to win two individual Olympic medals.