• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
21 December 2024

Viewing results 1 - 6 of 792

Central Asia Leads in Repatriating Citizens from Syrian Camps

Central Asian governments are at the forefront of efforts to repatriate their citizens from camps in northeastern Syria, according to Khalid Koser, head of the Global Community Engagement and Resilience Fund (GCERF). In an interview with RIA Novosti, Koser highlighted that, unlike European nations, Central Asian states have taken responsibility for their nationals. GCERF is an international organization supporting local initiatives to prevent extremism and violence by fostering partnerships between governments, civil society, and the private sector. Koser noted that approximately 2,200 Central Asian citizens have been repatriated from these camps. Kazakhstan has brought back 754 individuals, Kyrgyzstan 533, Tajikistan 381, and Uzbekistan 531. By contrast, Koser criticized European nations for neglecting their citizens in the camps. “Tajikistan says, ‘These are our citizens, and we are responsible for them,’” Koser stated. “Meanwhile, Western Europe hopes the problem will disappear, leaving people to die in camps.” The head of GCERF also pointed out the challenges of repatriating men, many of whom were combatants. “The question now is how to handle those who fought, were involved in terrorism, and face difficulties reintegrating. Most will end up in prison, which could lead to further radicalization within the prison system,” Koser warned. The camps in northeastern Syria, managed by the Syrian Democratic Forces (SDF) and the United States, house 65,000 to 70,000 people. Most of the residents are women and children from families of ISIS militants. While the camps are not officially prisons, movement is restricted, and Kurdish forces prevent residents from leaving. The Times of Central Asia has previously reviewed the repatriation operations undertaken by Central Asian countries, which continue to set a global example in addressing this humanitarian and security challenge.

Central Asia Faces Devastating $9 Billion Annual Loss from Climate Crises

Central Asia faces a complex mix of development challenges, according to a study conducted by the Analytical Credit Rating Agency (ACRA). These include global issues such as climate change, rising inequality, and demographic shifts, alongside regional concerns like water crises, aging infrastructure, border conflicts, and lack of access to sea routes. The region’s challenges can be categorized into external and internal risks. Since gaining independence, Central Asia has been shaped by the influence of global powers. Trade, security, energy, and education ties with Russia remain strong, while China’s Belt and Road Initiative has led to significant investment in infrastructure. Western nations and multinational corporations are active primarily in the raw materials sector, particularly in Kazakhstan, Uzbekistan, and Turkmenistan. While these international connections drive economic growth, they also heighten the region’s vulnerability to global shocks. For example, heavy reliance on remittances from migrant workers and low export diversification increase economic fragility. Climate change poses one of the most pressing threats to the region. Natural disasters—including floods, which affect about one million people annually, and earthquakes, impacting two million - result in $9 billion in annual GDP losses. Rising temperatures are expected to exacerbate issues such as water scarcity, droughts, heat waves, and the loss of agricultural land. Adopting sustainable development practices and green technologies could help mitigate these effects. Aging water and energy infrastructure is a major hurdle for the region. Energy insecurity, compounded by climate change, limits economic potential. Despite a rise in foreign investment from $1.5 billion in 2000 to $7.4 billion in 2023, the majority of funds are concentrated in raw materials, with only a small share allocated to infrastructure improvements. Transport development is equally critical. The lack of sea access places Central Asia at a 20% developmental disadvantage compared to coastal nations. Expanding roads, railways, and logistics hubs could significantly enhance regional and international trade. Territorial disputes, particularly around enclaves, remain a source of periodic clashes, with the Kyrgyz-Tajik border clashes of 2022 being a notable example. While these conflicts may not immediately affect economic stability, escalations could damage the region’s investment climate and trade prospects. A peace agreement signed later in 2022 has helped to stabilize the situation. Additionally, the situation in Afghanistan continues to present challenges, including terrorism, refugee flows, and border security concerns. These risks intensified following the regime change in Afghanistan in 2021, increasing the urgency for stronger border controls. Addressing these interconnected challenges will require coordinated efforts among all Central Asian nations. International organizations and major global partners must also play a role by supporting infrastructure and technological modernization. Such collaboration is essential to mitigating economic risks and fostering long-term development in the region.

Uzbek Suspect Charged in Moscow Assassination; Putin and Mirziyoyev Talk

Russian President Vladimir Putin and President Shavkat Mirziyoyev of Uzbekistan spoke by telephone about joint security efforts, while an Uzbek man who had allegedly acted on behalf of Ukraine was charged in Moscow with the assassination of a top Russian military officer. Uzbekistan's embassy in Russia said on Wednesday that it was in contact with Russian law enforcement and was "clarifying the information" about the suspect. “The importance of continuing close and effective cooperation between the special services of the two countries in order to strengthen the fight against security threats and dangers was noted,” Mirziyoyev’s office said in a statement about the call on Thursday. A Kremlin statement also noted the agreement to continue security collaboration, adding that Mirziyoyev expressed condolences over the assassination of Lt. Gen. Igor Kirillov, head of the Russian military’s Chemical, Radiation and Biological Defence Troops, and his aide Ilya Polikarpov. “The Uzbekistani side emphatically condemns this vile terrorist act,” the Kremlin said. Kirillov was killed by a bomb that was planted on an electric scooter outside a residential building in Moscow on Tuesday, according to Russian authorities. On Thursday, a Moscow court charged Uzbek suspect Akhmadzhon Kurbonov with the killing and ruled that he will be held in custody until at least Feb. 17, the state-run Tass news agency reported. A video released by Russian officials shows the purported confession of the suspect, who was allegedly promised $100,000 by Ukraine and residence in a European Union country as a reward. The conditions surrounding the alleged confession are unclear. Several Western media outlets have quoted unidentified Ukrainian security sources as saying Ukraine was responsible for killing Kirillov. Ukraine had blamed Kirillov for the alleged use of banned chemical weapons in Ukraine. Russia denies the use of such weapons.

Tax Troubles Trigger Shake-Up: Kyrgyzstan Names New Prime Minister

In Kyrgyzstan, Adylbek Kasymaliev, the head of the Cabinet of Ministers, has replaced Akylbek Japarov and became the new Prime Minister of the country. The departure of the previous head came as a surprise to most citizens. However, the president of the Kyrgyz Republic explained that the dismissal was due to unfavorable developments in the sphere of taxes. New Prime Minister Adylbek Kasymaliev was born on December 1, 1960, in the village of Dolon, in the Tyup district of the Issyk-Kul region. Over his long career, he has held the positions of Minister of Finance of Kyrgyzstan, Chairman of the State Tax Service, and Deputy Head of the Presidential Administration. According to the Kyrgyz president, Kasymaliev’s predecessor, Akylbek Japarov, who served for more than three years in the government, made a number of mistakes in the area of taxes. “His departure from office, I think, should not be politicized," stated President Sadyr Japarov. "Unfavorable events in the tax sphere, which provides the funds for the budget, have impacted this decision. There have also been machinations with excise duties. This sphere was under Akylbek Usenbekovich's personal control, and he could have taken earlier measures to stop illegal activity. Because of illegal manifestations in this area, as well as an investigation into the leadership of the tax service, there is a need to eliminate a conflict of interests. Thus, I decided to remove him from his post,” the president told Parliament. Earlier, the State Tax Service of Kyrgyzstan underwent massive inspections, resulting in a number of high-ranking officials losing their posts, including the head of the State Tax Service and some of his deputies. Kyrgyz analyst Nasirdin Shamshiev told Times of Central Asia that the departure was unexpected, as Akylbek Japarov had established himself as a strong and progressive economist. “Akylbek Japarov has done a lot to increase tax collections and bring business out of the shadows. Today's appointments in the government speak of the previous course of the Cabinet of Ministers,” Shamshiev said. In addition, Bakyt Sydykov has been officially appointed as Kyrgyzstan's new Minister of Economy. Previously, Sydykov worked on attracting investments and coordinating donor aid to the country.  "Sydykov's appointment was likely a preliminary measure," Shamshiev also told TCA. "He has performed well in his previous posts, but we have yet to assess his work, because the Ministry of Economy is not only about investment, it has to deal with a very wide range of issues. These include taxes, as well as standardization and customs policy. There are also many unresolved problems related to the Eurasian Economic Union. There is still a lot of work to be done on all of this.” Personnel rotations in the government of Kyrgyzstan are associated with a revitalization of the system of government management, Edil Baisalov, deputy chairman of the Cabinet of Ministers, wrote on his Facebook page. According to Baisalov, the president's decision is dictated by the desire to give new momentum to the country's growth. Baisalov also noted that Akylbek Japarov...

Moldovan Businessmen Hail Tokayev’s Role in Resolving Stati Dispute

On December 18, the protracted legal dispute between Kazakh authorities and Moldovan businessmen Anatol and Gabriel Stati over oil and gas assets was finally resolved. Following the agreement, the Stati representatives expressed gratitude to Kazakh President Kassym-Jomart Tokayev for his leadership in reaching the settlement. The Ministry of Justice of Kazakhstan reported that the resolution concludes a legal saga that spanned 15 years and impacted Kazakhstan's reputation as an investment-friendly nation. The ministry stated that the government, the National Bank of Kazakhstan, and the Stati parties, with the support of Tristan Oil’s leading creditors, successfully finalized the settlement process. “The signed Final Settlement Agreement forms the basis for the termination of all ongoing disputes, with no possibility of reopening them in the future. The specific terms of the agreement remain confidential,” the Ministry of Justice emphasized. Daniel Chapman, CEO of Argentem Creek Partners - investment manager for funds that are creditors of Tristan Oil Limited, the Stati family’s investment vehicle - praised the resolution. “This settlement and Kazakhstan’s approach to ensuring a fair resolution underscore the country’s respect for investor rights. We thank President Tokayev for his leadership, which has positively reshaped how foreign investors view Kazakhstan. We look forward to collaborating on new projects,” Chapman said. Kazakhstan’s Minister of Justice, Azamat Yeskarayev, noted the settlement’s significance for the nation’s economic future. “The resolution of this longstanding dispute creates additional opportunities for economic growth and investment,” he said, emphasizing that no funds from the national budget were used in the settlement process. The case had involved extensive litigation across multiple jurisdictions over 15 years. While the exact legal costs incurred by Kazakhstan remain undisclosed, the settlement signals a major step forward in resolving disputes with foreign investors and rebuilding trust.

Central Asia’s Pivotal Role in the Global Energy Transition

The United States and Europe are driving a global shift from fossil fuels to renewable energy, though progress has been slow. Central Asia’s oil, gas, uranium, and green hydrogen resources are expected to remain vital for Europe and global energy security for years to come. Within Central Asia, a shift to cleaner natural gas and nuclear energy is anticipated to replace coal-fired power, reducing environmental harm. Europe’s push for electrification has also renewed focus on nuclear energy, increasing the strategic and commercial value of Central Asia’s uranium deposits. On December 16, 2024, The Times of Central Asia, in cooperation with the Central Asia-Caucasus Institute and the American Foreign Policy Council, hosted a Burgut Expert Talk titled, "Central Asia in the Energy Transition". The event featured presentations by Dr. Svante Cornell and Dr. Brenda Shaffer, who outlined their takes on the topic. The discussion focused on Central Asia’s significant role in the global energy landscape, particularly in light of the push for renewable energy and Europe's efforts to diversify its energy sources. Challenging the notion of a true "energy transition," Shaffer argued that despite substantial investment in renewable energy, fossil fuels remain dominant. Shaffer pointed out that traditional biomass burning continues to be a major energy source in developing countries, posing significant health risks. Highlighting the fact that renewables often rely on a baseload of fossil fuels, Shaffer noted that this makes complete reliance on renewables impractical, especially in regions with harsh winters, such as Central Asia. Dr. Shaffer further emphasized that European policies, including the reluctance to finance fossil fuel projects and the instability of U.S. LNG exports, serve to hinder diversification efforts. Stressing the need for affordable and accessible energy solutions - particularly for developing countries - to address the issue of indoor pollution caused by traditional biomass burning, she argued that natural gas can serve as a bridge fuel, offering a cleaner alternative to traditional methods. Dr. Cornell focused on the rising importance of Central Asia as a major uranium producer, supplying a crucial element for nuclear energy, which is gaining renewed interest as a low-carbon energy source. Cornell highlighted the dependence of the EU on uranium imports and the potential for Central Asia, particularly Kazakhstan, to play a pivotal role in supplying this demand. Outlining the geopolitical dynamics surrounding uranium, Cornell noted the involvement of France, Russia, and China in Central Asia's uranium sector, emphasizing the importance of Central Asian states maintaining a balance in their foreign relations and partnering with various countries to ensure their independence in the uranium market. Drawing parallels to the oil and gas diplomacy of the 1990s - when Central Asian countries strategically engaged with multiple actors to safeguard their interests - Cornell advocated for the development of a robust domestic nuclear industry in Central Asia, enabling the region to move beyond raw material production and gain greater control over the value chain. Cornell also stressed the need for Western powers to actively engage in the region's nuclear sector, supporting the development...