Our People > Vagit Ismailov

Vagit Ismailov

Journalist

Vagit Ismailov is a Kazakhstani journalist. He has worked in leading regional and national publications.

Articles

Foreign Policy

Kazakhstan Updates Its Foreign Policy Concept in a More Difficult Era

President Kassym-Jomart Tokayev has approved targeted amendments to the document that sets the principles and priorities for Kazakhstan’s dealings with the outside world. The changes align the doctrine with Kazakhstan’s new constitutional order, remove its remaining provisions tied to Nazarbayev’s formal role, and come at a time when multi-vector diplomacy has become far more demanding than it was in 2020. The amendments to the Foreign Policy Concept for 2020–2030, signed on August 14, attracted attention after KazTAG reported on them. Kazinform subsequently highlighted changes concerning the protection of citizens abroad, public understanding of foreign policy and the new Kurultai. A Foreign Policy Concept is Kazakhstan’s overarching diplomatic doctrine. It sets the principles, priorities and responsibilities intended to guide state policy through 2030. The August changes are limited in length. They remove its remaining references to Nursultan Nazarbayev’s formal role, bring the document into the Kurultai era, and give the Astana International Forum formal recognition in the doctrine. Other language now attracting attention is older. Sovereignty, protection of citizens, and resilience to negative external influence were already in the 2020 document. The difference is the world in which Kazakhstan now has to apply them. From Personal Legacy to Institutional Continuity The first principle in the 2020 concept referred to continuity with the foreign policy course of the First President and Elbasy, Nursultan Nazarbayev. The new wording promises “continuity of the foreign policy course at a new stage of the country’s development.” The revised text no longer names Nazarbayev or uses the Elbasy title. The amendments also remove a provision that gave the First President a lifelong right to address the public and state bodies on major foreign policy questions. The Constitutional Law on the First President was repealed in 2023, and the concept no longer lists it among its legal foundations. This follows a process that began years ago. The special legal provisions associated with the Elbasy framework have been repealed, while Tokayev has continued to acknowledge Nazarbayev’s place in the history of independent Kazakhstan. Tokayev was also closely involved in the foreign policy he inherited. He served twice as foreign minister, as prime minister, and later as director-general of the United Nations Office at Geneva. The revised concept places foreign policy continuity on an institutional rather than personal basis. Adapting the Foreign Policy Concept to the New Constitution Kazakhstan’s new Constitution came into force on July 1, replacing the Senate and Mazhilis with a unicameral Kurultai. The first election to the 145-seat body is scheduled for August 23. The old concept described the foreign policy functions of the bicameral parliament. The amended version now identifies the Kurultai as Kazakhstan’s highest representative body exercising legislative power. Signed nine days before the election, the change places the foreign policy doctrine inside the wider constitutional transition and removes references to institutions that no longer exist. The revision also fits Tokayev’s broader effort to move Kazakhstan beyond a political system shaped by the formal privileges of its first president and towards one intended to...

3 days ago

Currency

Kazakh Tenge Rises as Foreign Investors Buy Government Debt

Kazakhstan’s tenge has strengthened by 9.7% against the dollar since the start of 2026, making it the best-performing currency across Europe and Asia, according to the Financial Times. The newspaper points to an influx of foreign capital into Kazakhstan’s government debt: nonresident holdings of tenge-denominated bonds have risen from roughly $2 billion to $5 billion over the past year. The appreciation has come despite serious disruptions to Kazakhstan’s oil exports through Russia. Kazakh data show that foreign interest in government securities did not begin this summer. In July alone, nonresidents increased their holdings by 92.2 billion tenge, about $195 million, to 2.6 trillion tenge, or roughly $5.5 billion. Since the start of the year, their portfolio has grown by 32.9%, while their share of the market has risen from 6.2% to 7.2%. The Association of Financiers of Kazakhstan (AFK) attributes the interest to high real interest rates and relative macroeconomic stability. Why Foreign Investors Are Buying Kazakh Debt During 2025, nonresident holdings of Kazakh government securities rose from roughly 1.1 trillion tenge, about $2.3 billion, to 2 trillion tenge, about $4.2 billion. Growth continued this year. In June alone, foreign investors added 185.1 billion tenge, about $390 million, bringing their total holdings to 2.5 trillion tenge, roughly $5.3 billion. Their share of the market increased from 6.2% to 6.9% by then. The reason for the interest is fairly straightforward: Kazakhstan offers high yields while maintaining an investment-grade credit rating. The base rate remained at 18% through the spring. The National Bank cut it to 17% in June and announced a further cut to 16.75% on July 24. Annual inflation, meanwhile, declined for a ninth consecutive month and stood at 10.3% in June. For foreign investors, the combination of high interest rates and a strengthening tenge creates an opportunity to earn both on bond yields and currency appreciation. For the tenge itself, the same transaction works in reverse: before buying a Kazakh security, a foreign investor has to acquire the national currency. In June, AFK analysts cited nonresident transactions among the factors supporting the tenge, alongside foreign-currency sales by exporters, state-controlled companies, and the National Bank. Market Access Is Becoming Easier High yields alone do not explain the growing interest. Kazakhstan is also trying to make its domestic debt market easier for international investors to access. A primary dealer system has been operating since May 4. Five banks were granted primary dealer status and are expected to support the government securities market, including buying and selling bonds in the secondary market. In April, the National Bank announced that Euroclear had begun a project to make Kazakhstan’s government bonds eligible for settlement through its international system. A direct link with the local market infrastructure is planned for 2027. For foreign investors, this would make it possible to trade Kazakh government debt through a familiar global settlement system, alongside the existing Clearstream channel. Kazakhstan is also seeking eventual inclusion of its tenge-denominated government bonds in JPMorgan’s GBI-EM, one of the main international indexes for emerging-market government...

4 days ago

Sanctions

Kyrgyzstan Sanctions Risks Reshape Business

Kyrgyzstan is stepping up action against companies that could expose its banks and wider economy to Western sanctions. On August 18, the authorities moved to forcibly liquidate another 19 legal entities, while major banks are closing the accounts of dozens of clients deemed too risky. Bishkek has not formally joined Western sanctions against Russia, but those restrictions are increasingly determining whom Kyrgyz businesses can work with and which banks they can use to move money. The names of the 19 companies have not yet been disclosed. The authorities stated that they were selected after reviewing around 40 organizations considered to pose heightened sanctions risks. This is not the first such move. In May, the authorities ordered 50 businesses to cease operations after sanctions risks were identified. Their full names were not made public either. First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev said at the time that Western partners provide information about suspicious companies, which Kyrgyz authorities then investigate. He warned that sanctions against Kyrgyzstan itself could disrupt international payments and access to technology. How the Pressure Built Western scrutiny of Kyrgyz companies began well before the current cleanup. In the summer of 2023, the U.S. Treasury Department sanctioned four companies registered in Kyrgyzstan: RM Design and Development, Progress Lider, GTME Tekhnologii, and Cargoline. Washington said they had supplied Russia with electronics and other restricted goods, while Cargoline had shipped millions of dollars’ worth of foreign-made aviation equipment. The focus later expanded from goods to financial networks. In January 2025, the U.S. Treasury sanctioned Keremet Bank, saying it had coordinated with Russian officials and sanctioned lender Promsvyazbank on a scheme to facilitate cross-border transfers. In practice, U.S. sanctions severely restrict a bank’s ability to deal with American companies or use the U.S. financial system. Within days of Keremet Bank’s designation, Visa restricted cards issued by the bank so that they could be used only through Keremet’s own ATMs and payment terminals. In August 2025, the United Kingdom imposed sanctions on Grinex, Tengricoin, Old Vector, and Capital Bank of Central Asia as part of a crackdown on financial and cryptocurrency networks that London said Russia was using to circumvent Western restrictions. By early 2026, however, the risk was beginning to shift from sanctions against individual Kyrgyz companies and banks to restrictions affecting the country as a whole. During a February meeting with EU Sanctions Envoy David O’Sullivan, Amangeldiev discussed financial monitoring, sanctions risks, and greater transparency in foreign trade rather than Kyrgyzstan adopting EU sanctions itself. Bishkek was effectively trying to show that it could tackle sanctions evasion without joining the EU sanctions regime. The prospect of broader measures was already worrying businesses. Askar Sydykov, head of Kyrgyzstan’s International Business Council, said reports that the EU could use its anti-circumvention mechanism against the country were causing serious concern among businesses and government agencies. Those efforts were not enough to prevent broader action. In April, the EU used its anti-circumvention mechanism against Kyrgyzstan for the first time, prohibiting exports to...

5 days ago

Energy

Kazakhstan Mini-Refineries Eye Russia After Rail Export Restriction Lifted

Kazakhstan has lifted a railway export restriction on petroleum products from mini-refineries. For small plants, many of which operate well below capacity, the decision restores an opportunity to sell their products outside the country. Kazakhstan Temir Zholy (KTZ), the national railway company, revoked the restriction following an August 7 decision by the country’s Chief Transport Prosecutor’s Office. The timing is notable: after a series of strikes on its refineries, Russia is facing fuel shortages and has already begun importing gasoline from abroad, including Kazakhstan. Other restrictions on fuel exports from Kazakhstan remain in force, so the KTZ decision does not fully reopen gasoline and diesel exports. Some fuels remain subject to separate bans, and exports to Russia are treated differently from shipments outside the Eurasian Economic Union. What Mini-Refineries Produce The number of mini-refineries actually operating in Kazakhstan depends on how such facilities are defined. Official documents have referred to roughly 30 small petroleum-product producers. More recent industry data provide a clearer picture: more than 30 mini-refineries are registered, with declared crude-processing capacity of about 4.5 million metric tons a year. Of these, 22 are considered operational, with a combined capacity of about 2 million tons. Actual processing is considerably lower, having increased from roughly 400,000 to 800,000 tons annually over the past five years. These are not smaller versions of Kazakhstan’s major refineries in Atyrau, Pavlodar, and Shymkent. Most mini-refineries lack equipment for deep refining, so their output is simpler. Their main products include fuel oil, heating and marine fuels, naphtha, and other distillates. In 2023, mini-refineries processed 895,000 tons of feedstock and produced 346,000 tons of fuel oil, 145,000 tons of diesel fuel, and 171,000 tons of bitumen. Much of this output was not intended for Kazakhstan’s motorists. Mini-refineries produce semi-finished products, including straight-run fuel oil with a relatively high share of light fractions that can be processed further. Their opportunities on the domestic market are also limited by product quality: Kazakhstan has required K4 and K5 motor-fuel standards since 2018, while official assessments say mini-refineries generally lack the equipment to produce fuel above the K3 standard. Restoring export opportunities could therefore have a tangible economic effect for these businesses. The plants have spare capacity but insufficient domestic demand for much of their current product range. Rail exports once again give them a way to look for buyers outside Kazakhstan. And that inevitably raises the question of Russia. Russia Is Looking Abroad for Fuel There is no direct evidence that KTZ lifted the restriction specifically because of the Russian market. Neither the Kazakh authorities nor the railway company has made such a connection. But the decision comes at a convenient time for potential Russian buyers. Ukrainian drone strikes and unplanned refinery outages have reduced Russian gasoline production and contributed to domestic shortages. Moscow has responded by restricting fuel exports and increasing imports from abroad. Russia has already turned to several suppliers. In July, Belarus shipped a record 212,000 tons of gasoline to Russia, while Moscow has also begun...

6 days ago

Gas Supply

Turkmen Gas Exports to Europe Revived in Romanian Proposal

Romania has proposed reviving a long-standing project to transport Caspian natural gas to Europe through the Black Sea port of Constanța, with Turkmenistan identified as a potential supplier. The proposal was discussed on July 29 during a meeting between Turkmenistan’s ambassador to Romania, Annamammet Annayev, and Mihai Daraban, president of the Romanian Chamber of Commerce and Industry. Daraban called for renewed consideration of the Azerbaijan–Georgia–Romania Interconnector, known as AGRI. The project envisages transporting gas to Georgia’s Black Sea coast, converting it into liquefied natural gas, and shipping it to a terminal at Constanța for onward delivery through Romania’s gas network. Originally developed to carry Azerbaijani gas, AGRI was established by companies from Azerbaijan, Georgia, Romania, and Hungary. A feasibility study was approved in 2015, but the project has made little visible progress since then. According to the Romanian publication Capital, Daraban suggested that gas from Turkmenistan could reach Europe through infrastructure in Azerbaijan and Georgia before entering Romania’s network and the BRUA pipeline, which connects Romania and Hungary. No agreement was announced, however, and significant questions remain over how Turkmen gas would cross the Caspian Sea. The proposed Trans-Caspian Gas Pipeline has been discussed for decades but has yet to be built because of Russian and Iranian opposition and uncertainty over who would finance the project and commit to buying the gas. The meeting also covered closer cooperation between the ports of Turkmenbashi and Constanța. Annayev proposed establishing a regional distribution center at Constanța for Turkmen products, while the two sides discussed maritime transport and container logistics. Constanța is Romania’s largest seaport, and Bucharest has sought to position it as a European terminus for the Middle Corridor, the trade route linking Central Asia with Europe through the Caspian Sea and the South Caucasus. The Times of Central Asia previously reported that Turkmenistan and Azerbaijan have expanded cooperation in transport, logistics, and energy. Improved links between their Caspian ports could support growing cargo traffic, although a separate and substantially more expensive infrastructure project would be required to export Turkmen gas through the AGRI route.

3 weeks ago

UNESCO World Heritage List

UNESCO Adds Mangystau Rock Mosques to World Heritage List

UNESCO has inscribed the Rock Mosques and Associated Sacred Sites of Mangystau on its World Heritage List, following a decision adopted during the 48th session of the World Heritage Committee in Busan, South Korea, Kazakhstan’s Ministry of Culture and Information said. The same session also inscribed Tashkent Modernist Architecture, giving Central Asia two new cultural inscriptions. The serial property, located on the Mangystau Peninsula bordering the Caspian Sea, comprises five sacred complexes: Beket-Ata, Shopan-Ata, Karaman-Ata, Shakpak-Ata, and Sultan-Epe. According to the World Heritage Committee, the site represents an outstanding sacred landscape shaped by centuries of interaction between Sufi spiritual traditions and the culture of the region’s nomadic communities. Each complex combines rock-cut mosques, historic necropolises, burial sites of revered Sufi figures, pilgrimage routes, sacred wells, and other religious monuments. The inscription makes the Mangystau complexes Kazakhstan’s seventh World Heritage property. The country’s previously inscribed sites are the Mausoleum of Khoja Ahmed Yasawi, the Petroglyphs of the Archaeological Landscape of Tanbaly, Saryarka – Steppe and Lakes of Northern Kazakhstan, the Kazakh section of the transnational Silk Roads: the Routes Network of Chang’an-Tianshan Corridor, the transboundary Western Tien-Shan site, and the Cold Winter Deserts of Turan, shared with Turkmenistan and Uzbekistan. The rock mosques remain active pilgrimage destinations where the centuries-old institution of the shyrakshy, or custodians of sacred sites, continues to play an important role. All five complexes are protected by the state and are included in Kazakhstan’s national register of historical and cultural monuments. An Integrated Management Plan for 2027–2032 covers conservation, landscape protection, visitor management, disaster risk management, and research. UNESCO’s conservation recommendations also call for Kazakhstan to reassess the use of cement mortar and other modern materials, strengthen monitoring of tourism and disaster risks, and preserve the secluded character of the sites. The Times of Central Asia previously reported that Zharkent Mosque and the Ascension Cathedral in Almaty had been added to UNESCO’s Tentative World Heritage List, expanding the pipeline of Kazakh sites that could be considered for future inscription.

4 weeks ago

EU Sanctions

EU Sanctions Kazakhstan Kyrgyzstan Firms in Latest Russia Package

The European Union has adopted its 21st sanctions package against Russia. The measures add two companies from Kazakhstan, three from Kyrgyzstan, a Kyrgyz bank, and cryptocurrency platforms registered in several jurisdictions to separate sanctions and export-control lists. Brussels said they were designed to disrupt financial and trade channels allegedly used to circumvent existing restrictions. The package imposes asset freezes and other restrictive measures on 48 people and 170 entities. A further 51 entities were added to a list subject to tighter export controls on dual-use goods and technologies. Some are based in Kazakhstan, Kyrgyzstan, China, India, Turkey, and the United Arab Emirates. According to the EU Council, the 51 entities were listed because they supported Russia’s military-industrial complex. The Council said those based outside the EU had also helped circumvent export restrictions, including those covering microelectronics, computer numerical control machine tools, and semiconductor-processing equipment. Three Bishkek-registered companies, Nova Proekt LLC, Rama Group LLC, and Shisan Ltd, were placed under the tighter export-control regime. Their inclusion means that EU exports of sensitive goods and technologies to the companies are permitted only in narrowly defined circumstances. The listing also restricts related technical and financial services, but does not automatically freeze the companies’ assets. The Council also imposed a transaction ban on EcoIslamicBank, saying it was connected to Russia’s System for Transfer of Financial Messages, or SPFS, which Moscow developed as an alternative to SWIFT. The ban, which applies to operators under EU jurisdiction, is due to take effect on August 13. The EU also extended its transaction ban to 14 cryptocurrency platforms based in Kyrgyzstan, Georgia, Panama, the UAE, the Marshall Islands, and Belarus. The two Kazakh companies placed under tighter export controls were TauKZ LLP and KBR-Technologies LLP. Both had previously been targeted by other Western governments: the United States sanctioned KBR-Technologies in June 2024, while the United Kingdom sanctioned TauKZ in November 2024. The measures continue a policy already reflected in earlier sanctions packages. In April, the EU used its anti-circumvention mechanism against Kyrgyzstan for the first time, banning EU exports of computer numerical control machine tools and radios to the country. Brussels said trade data showed a significant rise in the re-export of high-priority goods through Kyrgyzstan to Russia. On June 9, the EU held a sanctions seminar in Bishkek for banks, logistics operators, exporters, and virtual-asset businesses. The session covered financial restrictions, export controls, penalties, and how companies could comply with the rules. It took place less than two months after the EU first applied its anti-circumvention mechanism to Kyrgyzstan. As previously reported by The Times of Central Asia, Kyrgyz authorities have also ordered 50 companies to cease operations after state agencies identified them as presenting heightened sanctions risks. The government did not disclose their names, owners, or sectors.

1 month ago

FIFA World Cup

Uzbekistan’s Shomurodov Shortlisted for World Cup Goal Award

Uzbekistan captain Eldor Shomurodov’s goal against the Democratic Republic of the Congo has been shortlisted for the Hyundai Goal of the Tournament award at the 2026 FIFA World Cup. The Uzbek forward is among 12 finalists selected by FIFA. The winner will be decided by a public vote on FIFA’s official platform. Shomurodov scored in Uzbekistan’s final group-stage match, lifting the ball over goalkeeper Lionel Mpasi from a tight angle to give his team an early lead. DR Congo recovered to win the match 3-1, ending Uzbekistan’s first World Cup campaign with three defeats. The goal had already won the vote for the best strike of the group stage. Shomurodov received 36% of the ballots, finishing ahead of Haiti’s Wilson Isidor and Bosnia and Herzegovina’s Kerim Alajbegovic. Lionel Messi and Vinicius Junior were also among the players he beat in the opening round of voting. The final shortlist brings together goals scored at different stages of the tournament. Shomurodov is competing with some of world football’s biggest names, including Messi and Kylian Mbappe. Jude Bellingham is also among the finalists. Voting is due to remain open until July 27. The 31-year-old striker plays for İstanbul Başakşehir. He moved to Turkey from AS Roma in the summer of 2025, and his contract with the club runs until June 30, 2028. Shomurodov finished the 2025/26 Turkish Süper Lig season as joint top scorer with Trabzonspor forward Paul Onuachu. Both scored 22 goals. Transfermarkt currently values the Uzbek forward at €7 million. Uzbekistan was the only Central Asian country to qualify for the 2026 World Cup and the first from the region to reach the final tournament. Although the team failed to advance from its group, Shomurodov’s goal gave the country one of the most widely recognized moments of the competition. At club level, Kairat Almaty became only the second Kazakhstan club to reach the UEFA Champions League league phase in 2025, after Astana in 2015. The league-phase draw paired Kairat with Real Madrid and Inter Milan. Arsenal was also among its opponents. The achievement matched the deepest run by a Central Asian club in Europe’s premier club competition.

1 month ago

Regional Cooperation

Turkmenistan Signs Regional Cooperation Treaty, Reaffirm $1 Billion Kazakh Trade Target

Turkmenistan has signed the Treaty on Friendship, Good-Neighborliness, and Cooperation for the Development of Central Asia in the 21st Century, completing another step in the five-country regional agreement during Kazakh Foreign Minister Yermek Kosherbayev’s official visit to Ashgabat, Kazakhstan’s Foreign Ministry said. During the visit, Kosherbayev was received by Turkmen President Serdar Berdimuhamedov and held talks with Turkmen Foreign Minister Rashid Meredov. The sides discussed political ties, trade and investment, transport and logistics, energy cooperation, and humanitarian exchanges. The two countries also signed a cooperation program between their foreign ministries for 2027-2028. Trade expansion was one of the key issues on the agenda. Bilateral trade turnover rose 6.8% year-on-year in January-April 2026 to around $180 million, according to the Kazakh side. Both governments reaffirmed plans to raise annual trade to $1 billion, in line with instructions from their presidents. Kazakhstan has also signaled plans to expand non-commodity exports to Turkmenistan. At the Kazakhstan-Turkmenistan business forum in Astana, the Kazakh side presented 178 export product categories with a combined potential exceeding $200 million. The products include metallurgy, machinery, food, chemicals and petrochemicals, pharmaceuticals, transport equipment, and construction materials. According to Kazakhstan’s Ministry of Trade, bilateral turnover has more than doubled over the past five years, surpassing $530 million. Kazakh exports to Turkmenistan rose nearly 50% to $316.3 million, while imports from Turkmenistan increased fivefold to $215.8 million. The two sides also discussed expanding trade houses, digital commerce, trade financing, and a roadmap for increasing bilateral trade. Transport and logistics cooperation was another focus, including development of the Trans-Caspian International Transport Route, seen as a strategic route linking Asian and European markets. More than 100 Kazakh companies and around 40 Turkmen businesses took part in the forum. Several agreements were signed in logistics, e-commerce, investment, and business support.

2 months ago

Food Security

Tajikistan Nearly Halves Undernourishment, but Healthy Diets Remain Out of Reach for Many

Tajikistan has nearly halved its undernourishment rate over the past decade, but food insecurity and access to healthy diets remain major challenges for a significant share of the population, according to a new regional report by the Food and Agriculture Organization of the United Nations (FAO). The report on food security and nutrition in Europe and Central Asia said the prevalence of undernourishment in Tajikistan fell to 8.4% in 2022-2024 from 16.1% in 2014-2016, marking one of the strongest improvements in the region. Despite the progress, Tajikistan remains among the countries in Europe and Central Asia where undernourishment exceeds the FAO’s 2.5% benchmark. Central Asia remains the only subregion where the indicator stayed above that threshold, at 2.8% in both 2023 and 2024. The report said around a quarter of Tajikistan’s population faced moderate or severe food insecurity in 2022-2024, above the Central Asian average. Across the region, 16.2% of the population, or 13.3 million people, faced similar conditions in 2024. Access to healthy diets also remains a challenge. In 2024, about 24% of Tajikistan’s population could not afford a healthy diet, compared with the Central Asian average of 14%, according to FAO. That figure has improved from more than 30% in 2019 but remains one of the highest in the region. Only neighboring Kyrgyzstan recorded a higher rate, at 30.4%, while Uzbekistan stood at about 13% and Kazakhstan at 4% to 5%. Child nutrition indicators have improved but remain uneven. Stunting among children under five in Tajikistan fell to around 13% in 2024, nearly half the level recorded in 2012, though still above the 10% threshold. Tajikistan also recorded the highest child wasting rate in the region, at 6.4%, the report showed. The report also highlighted persistent anemia among women, affecting around 37% of women aged 15 to 49, while obesity among adults has risen to about 24%. Exclusive breastfeeding was one of the few positive trends. According to UNICEF, exclusive breastfeeding among infants under six months rose to 40.8% in 2023 from 14.2% in 2000.

2 months ago

1 2 3 … 94 Next