• KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
08 August 2026

Viewing results 43 - 48 of 693

EAEU Leaders Meet in Astana Amid Growing Internal Trade Disputes

Astana is hosting Eurasian Economic Union events on May 28-29, with leaders arriving on Thursday and the main meeting of the Supreme Eurasian Economic Council scheduled for Friday, May 29. The first part of Thursday was dominated by President Kassym-Jomart Tokayev’s meeting with Russian President Vladimir Putin and his delegation during Putin’s state visit to Kazakhstan. At the Palace of Independence, Tokayev and Putin introduced their official delegations to each other during the Russian president’s state visit, while Russian presidential aide Yury Ushakov said the Supreme Eurasian Economic Council meeting would begin on Friday morning in narrow and expanded formats. The Supreme Eurasian Economic Council is the highest body of the Eurasian Economic Union, which came into force on January 1, 2015. Now more than a decade old, the bloc is facing deepening internal contradictions driven largely by external economic pressure on Russia, the Union’s core member. Some of those tensions are linked to the bloc’s expansion beyond its original Russia-Belarus-Kazakhstan core. To understand the current state of Eurasian integration, it is necessary to revisit its origins, particularly the role played by Kazakhstan and its first president, Nursultan Nazarbayev, who had sought to preserve a looser union among the Soviet republics as the USSR collapsed. As prime minister and later president of the Kazakh SSR, Nazarbayev understood the economic consequences that would follow the collapse of the integrated Soviet economic system, and how deeply Kazakhstan remained tied to Soviet-era supply chains, infrastructure, and decision-making structures centered in Moscow. Nazarbayev first publicly proposed the idea of Eurasian integration in 1994 during a lecture at Moscow State University. At the time, however, the administration of Russian President Boris Yeltsin showed little interest in the concept. That changed after Vladimir Putin came to power. In 2001, the Eurasian Economic Community, known as EurAsEC, was established, bringing together Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The founding agreement had been signed in Astana in October 2000. Uzbekistan joined EurAsEC in 2006, but suspended its membership only two years later. Meanwhile, Russia, Belarus, and Kazakhstan launched work in 2007 on creating a Customs Union, which officially came into existence in 2010. In the autumn of 2011, Putin announced plans to establish a Eurasian Economic Union based on a future Single Economic Space. Two years later, Nazarbayev proposed dissolving EurAsEC in connection with the planned creation of the EAEU by Russia, Kazakhstan, and Belarus. Kyrgyzstan, Tajikistan, and Armenia were invited to join the Customs Union. However, by 2014, when the treaty establishing the EAEU and dissolving EurAsEC was signed, neither Armenia nor Kyrgyzstan had initially been central to the Eurasian project. At that stage, much of the discussion revolved around the possible accession of Ukraine. Russian political commentator and current State Duma deputy Anatoly Wasserman devoted several books to the idea of integrating Ukraine into the Russia-Belarus-Kazakhstan project, including Ukraine and the Rest of Russia. Wasserman argued that Russia, Belarus, Kazakhstan, and Ukraine needed to move away from a raw-materials-based economic model by creating a unified market...

Opinion: Silk Seven or the OTS? Central Asia May Not Have to Choose

A new proposal circulating in Washington – the Silk Seven Plus (S7+) initiative – aims to reshape Central Asia by linking its five post-Soviet states with Afghanistan and Pakistan into an integrated economic region. Azerbaijan is also seen as a potential addition. The idea, advanced by the New Lines Institute for Strategy and Policy, is straightforward: connect landlocked Central Asia to the Black Sea and Arabian Sea through new trade corridors. On paper, the bloc looks compelling. The seven countries form a contiguous zone in the heart of Eurasia, potentially turning geography from a constraint to an advantage. “Central Asia needs an organization built by Central Asian states and for Central Asian states,” said Justin Burke, a resident senior fellow at the New Lines Institute, at a recent event in Washington. “If Central Asia can speak with one voice rather than five different voices, that will make it a more reliable investment destination.” There are signs of momentum. Kazakhstan’s President Kassym-Jomart Tokayev and Uzbekistan’s President Shavkat Mirziyoyev made back-to-back visits to Pakistan earlier this year, highlighting regional connectivity. Proponents argue that if Afghanistan stabilizes, the Silk Seven could become a formidable cluster. But that is a big “if.” It also raises a deeper question: why construct a new, geographically convenient bloc when an existing organization – the Organization of Turkic States (OTS)—already offers something deeper: shared language, history, and identity? While the Silk Seven spans broadly Muslim-majority countries, it is linguistically and culturally diverse. The grouping spans Turkic-speaking Central Asia, Persian-speaking Tajikistan, and Indo-Aryan Pakistan. ASEAN offers a cautionary example. Despite decades of cooperation, its religious, linguistic, and geopolitical diversity – combined with consensus-based decision-making – has often prevented it from speaking with one voice, particularly on China. In The Clash of Civilizations, Samuel Huntington wrote that when ASEAN was created in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand, it was an organization of “one Sinic, one Buddhist, one Christian, and two Muslim member states.” Such multicivilizational regional organizations have limits, he said. The Silk Seven risks similar limitations. The OTS, by contrast, rests on a narrower but deeper foundation: its core members—Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan—share closely related languages and overlapping historical experiences. Tucked away in the eight-page document issued after the informal OTS summit earlier this month was a revealing signal of intent: clauses dedicated to cataloguing Turkic cultural heritage, promoting youth engagement through Khiva’s designation as the 2026 Youth Capital, and launching a “Turkic Heritage” digital platform. Together, they show that the OTS is actively building a shared cultural space. Yet even as members emphasize common heritage, differences remain over how far the organization should evolve politically. Kazakhstan’s President Kassym-Jomart Tokayev, the summit host, stressed in his remarks that “the Organization of Turkic States is neither a geopolitical project nor a military organization,” but rather “a unique platform” for cooperation across trade, technology, culture, and humanitarian ties. Azerbaijan’s President Ilham Aliyev struck a more ambitious note, saying that “the Turkic world must grow into one of the influential geopolitical centers of the 21st century,” and pledging...

Kyrgyzstan Pavilion Brings Nomadism to the 2026 Venice Biennale

Central Asia is increasingly visible on the contemporary art map, and few events carry more symbolic weight than the Venice Biennale, often described as the Olympics of the art world. In recent years, Kazakhstan’s privately funded art scene and Uzbekistan’s state-backed art scene have often led the region’s international push. This year, Kyrgyzstan is is determined not to lag behind. The country’s pavilion at the 61st Venice Biennale marks its second dedicated national participation. Kyrgyzstan first appeared in this format in 2022 with Gates of Turan, a state-commissioned installation by Firouz FarmanFarmaian on the Venetian island of Giudecca that drew on nomadic heritage and local craft traditions. At the center of the 2026 pavilion is Alexey Morosov, a Bishkek-born artist who has lived and worked in Italy for years. He chose the former church of Santa Caterina at Convitto Foscarini, in Venice’s Cannaregio district, as the setting for BELEK, the Kyrgyz word for “gift.” Curated by art historian Geraldine Leardi, the exhibition reflects on water and Kyrgyzstan’s tradition of generosity. The works are in close dialogue with the space that hosts them. The former church, founded in the 14th century, still carries traces of a fire during restoration work in the 1970s. “You can almost smell the burn,” Morosov said at the opening, standing in the presbytery. “For me, it’s very important to pay attention to the genius loci, the spirit of the place,” the artist added. “In a place like this, you have to understand precisely how to use space as a tool, while also respecting it.” Artistic Nomadism Born in Bishkek in 1974, Morosov was trained in the traditions of classical Western art and developed a deep interest in Greek and Roman archaeology, Renaissance painting, and medieval architecture. At 17, he began traveling. He has lived and worked in Lucca, Tuscany, since 2015. “In his practice, the artist naturally bridges Eastern and Western cultures,” Leardi said. “By birth, the original content of his art is Central Asian. His training and artistic education, however, developed in a Western direction.” BELEK, she said, represents a synthesis of those backgrounds. Morosov himself frames it in terms of nomadism. " It's my land, my blood, because my family is originally from Kyrgyzstan, from the middle of the 18th century. I’d describe my mode as meta-nomadismo," he said. “And in my mind, Kyrgyz tradition, Kyrgyz soul, are absolutely in harmony with the Italian conception of art and style of life.” Leardi came to the project as a Byzantinist with no previous deep engagement with Central Asian art. She describes her research for the pavilion as its own kind of journey, traveling to Kyrgyzstan via Mongolia and Korea, “like Marco Polo,” she said, laughing. What she found was a country of extreme contrasts. “It’s not a quiet land. You feel a lot when you’re there. It’s very challenging,” she said. Her task was to “find the channels, find the paths to communicate in the right way between the country and Venice, because there are...

Central Asia Feels Fuel Strain as Kazakhstan Prices Edge Higher

Kazakhstan's fuel market is moving into a new phase after the end of the government freeze on AI-92 gasoline and diesel. Pump prices have risen by small amounts so far. Retail prices are rising cautiously amid growing pressure from neighbors where fuel costs more. Kazakhstan still has some of the cheapest gasoline in the region, but that advantage creates a risk: cheap fuel attracts cross-border demand and makes it harder to fund the refining capacity the country says it needs. On October 16, 2025, Kazakhstan's government introduced a moratorium on further increases in AI-92 gasoline and diesel as part of a wider anti-inflation package. The decision also put the Energy Ministry, the competition agency, and regional authorities in charge of keeping supplies stable. The measure came after inflation and tariff reforms had raised concerns about household costs. The freeze ended on April 1, 2026, but by mid-April, the Energy Ministry was still trying to calm expectations. Kazinform cited Vice Minister of Energy Kaiyrkhan Tutkyshbayev on April 14 as saying most prices had risen mainly by one tenge after the moratorium was lifted, and that the state would not allow a sharp jump. The tone matched what drivers were seeing: a controlled rise rather than a sudden reset. The memory of January 2022, when an LPG price jump helped spark unrest, still hangs over fuel policy. The end of the freeze also fed into inflation expectations. National Bank Governor Timur Suleimenov warned in April that renewed growth in fuel prices and utility tariffs had to be handled cautiously, because a sharp reset could reverse the slowdown in inflation. The National Bank later said reforms in utility tariffs and fuel prices accounted for 32.9% of household inflation expectations in March. That made the fuel moratorium more than a pump-price measure: it was one of the state’s main tools for containing expectations while inflation remained in double digits. An April 9 check by Tengri Auto found that most filling stations in Almaty and the surrounding area were still selling fuel close to the previous price range. Several major networks, however, had already moved AI-92 toward 240 tenge per liter. AI-95, which was not covered by the main freeze, had risen to 328 tenge at one network. A Kazinform market check published on May 25 showed the same gradual pattern. AI-92 was listed at 238-239 tenge per liter in Astana, 238-241 tenge in Almaty, and 224-227 tenge in Shymkent. Diesel stood at 329 tenge in Astana, 330-337 tenge in Almaty, and 332-335 tenge in Shymkent. The figures point to a market that is moving, but still under close control. Fuel is also feeding into Kazakhstan's broader inflation picture. The Bureau of National Statistics put annual inflation at 10.6% in April 2026. Petrol prices were up 16.1% year-on-year and added 0.53 percentage points to annual price growth. Transport as a category added 1.1 percentage points. Fuel is one of the costs households notice most directly, and its effects spread through freight, food distribution, agriculture, taxis,...

Kyrgyzstan Orders 50 Companies to Cease Activity Over Sanctions Risks

Kyrgyzstan has ordered 50 companies to cease activity after state agencies flagged them for sanctions risks, as Bishkek faces growing pressure over Russia-linked trade and payment channels. The move follows months of pressure from Western governments, which say some routes through Central Asia can be used to bypass sanctions imposed over the war in Ukraine. The Ministry of Justice did not name the companies, their owners, or their sectors. It also did not say whether any of them had direct links to Russia. The list was prepared by the Ministry of Economy and Commerce and other state bodies after checks into possible attempts to evade sanctions restrictions. The order was issued under an interagency mechanism for identifying dishonest participants in foreign economic activity and transactions with increased sanctions risks. The mechanism allows state bodies to use a simplified procedure to terminate the activity of legal entities after a formal submission. The Justice Ministry linked the move to efforts to protect the national economy from possible secondary sanctions. The European Union adopted its 20th sanctions package against Russia on April 23, less than a month before the Ministry of Justice order. The package added measures on energy, finance, trade, and crypto channels. It also used the EU’s anti-circumvention tool against Kyrgyzstan for the first time. Under that measure, the EU banned exports of computer numerical control machines and radios to Kyrgyzstan when there is a high risk that the goods will be re-exported to Russia. The Council of the EU said trade data showed a sharp rise in re-exports of common high-priority items through Kyrgyzstan to Russia. The EU treats the goods as sensitive because they can support industrial production, communications, and military-linked supply chains. The financial aspect of the sanctions has also reached Kyrgyzstan. The EU said it was targeting four financial institutions in third countries for circumventing sanctions or connecting to Russia’s financial messaging system. Local media identified Keremet Bank and Capital Bank as the Kyrgyz banks included in the package. The EU also designated a Kyrgyz entity that operates a platform where significant amounts of the A7A5 stablecoin are traded. Local outlets identified the entity as TengriCoin, registered in Bishkek, and linked it to the Meer platform. The pressure on Kyrgyz banks and crypto companies has been growing. The U.S. Treasury designated Keremet Bank in January 2025, saying the bank had coordinated with Russian officials and Promsvyazbank, a sanctioned Russian state defense lender, to support cross-border transfers. In August 2025, the UK government sanctioned Capital Bank of Central Asia, its director Kantemir Chalbayev, Grinex, Meer, TengriCoin, Old Vector, and other targets linked to Russian payment and crypto channels. London said the ruble-backed A7A5 token had moved $9.3 billion on a dedicated crypto exchange in four months. Kyrgyz officials have rejected the broader claim that the country helps Russia evade sanctions. The Foreign Ministry said on April 28 that Kyrgyzstan acts within national laws and its international obligations. It said Bishkek had supplied the requested documents to European partners...

American Professor and Longtime Central Asia Researcher Denied Entry to Kyrgyzstan

Professor Steve Swerdlow of the University of Southern California (USC) arrived at the Bishkek airport at 4:30 am on May 19, leading a group of 16 students for a trip of a lifetime: two weeks in Kyrgyzstan and two weeks in Kazakhstan. Swerdlow, a veteran Central Asian researcher who had previously worked for Human Rights Watch in Uzbekistan (2010), Kazakhstan (2011), and Kyrgyzstan (2012-2019), had led similar trips to Kyrgyzstan with USC students in 2022 and 2024. This time, however, there were problems immediately upon his arrival at Bishkek. “I was taken out of line at passport control and whisked away to the departure area, and then taken to a little room,” Swerdlow told TCA. “There were three guys there and they said, almost with a smirk, that we only work here and were told not to allow you into the country.” Swerdlow attempted to get clarification as to why he was being denied entry to Kyrgyzstan, but the border officials merely said their instructions were that Swerdlow was not to be admitted. They told him that an official letter stating the reason for the denial of entry would come, but Swerdlow said he was never given such a document. The border officials said he was to be deported on a plane to Istanbul that was due to leave at 10:00 am. The officials gave Swerdlow his passport with a letter in it addressed to the people at Turkish Airlines, who later showed Swerdlow the contents. It said only that Swerdlow was being denied entry to Kyrgyzstan because entry to Kyrgyzstan was “closed” to him. Swerdlow’s passport was returned to him when he reached Istanbul, but there was another complication. Kyrgyz border control officers had told Turkish Airlines that Swerdlow was being sent all the way back to Los Angeles, so his luggage was transferred at Istanbul to a flight preparing to leave for California. He managed to retrieve his luggage from that flight but remains in Istanbul, where he is trying to coordinate with his students, USC, and officials in Kyrgyzstan. The students are Swerdlow’s main concern. The trip was organized with help from the American University of Central Asia in Bishkek, so the students have accommodation, and there are people who speak English helping them. During previous trips, students met with people from Kyrgyzstan’s presidential administration, the human rights ombudsman, and visited parliament. It is unclear if this group will now be able to do the same. Some parts of the trip will almost surely be canceled. Swerdlow mentioned that the group had yurts reserved at Tamga on the shore of Issyk-Kul, the immense alpine lake that is Kyrgyzstan’s premier tourist attraction. “It was going to be a cultural event,” Swerdlow said. “We were going to watch a kok-boru match, attend some cooking classes for local dishes, and a reading of Manas.” Kok-boru is a national sport in Kyrgyzstan, something like polo with players on horseback trying to drag a replicated sheep carcass to goals at either end...