• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00214 0%
  • TJS/USD = 0.10508 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 109 - 114 of 739

Opinion: China’s Diplomatic Power Play Unfolds in Tianjin

On August 31, the next SCO Plus summit will begin in the Chinese city of Tianjin and run through to September 1. Judging by the list of participants, China, under Chairman Xi Jinping, is positioning itself to challenge the United States for influence over the global geopolitical agenda. As part of the Shanghai Cooperation Organization (SCO) summit, Xi will host a formal banquet for the attending heads of state, according to the Chinese Foreign Ministry. Xi is also scheduled to chair the 25th meeting of the SCO Council of Heads of State and lead the expanded SCO Plus session - the largest since the establishment of the organization - where he will deliver a keynote address. Clues to the themes of Xi’s speech can be found in the diverse array of leaders expected to attend. Chinese Deputy Foreign Minister Liu Bin confirmed at a Beijing press conference that among the SCO member states, participants will include Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Pakistani Prime Minister Shahbaz Sharif, Iranian President Masoud Pezeshkian, Belarusian President Alexander Lukashenko, Kazakh President Kassym-Jomart Tokayev, Kyrgyz President Sadyr Japarov, Tajik President Emomali Rahmon, and Uzbek President Shavkat Mirziyoyev. Several leaders from non-member states will also join, including Turkish President Recep Tayyip Erdoğan; Mongolian President Ukhnaagiin Khurelsukh; Azerbaijani President Ilham Aliyev; Indonesian President Prabowo Subianto; and Turkmen President Serdar Berdimuhamedov, whose participation suggests Ashgabat’s cautious but growing interest in regional dialogue. Also in attendance will be the prime ministers of Armenia (Nikol Pashinyan), Cambodia (Hun Manet), Nepal (Khadga Prasad Sharma Oli), Egypt (Mostafa Madbouly), Malaysia (Anwar Ibrahim), and Vietnam (Pham Minh Chinh). The summit will also host key international institutional leaders, including UN Secretary-General António Guterres; SCO Secretary-General Nurlan Yermekbayev; CIS Secretary-General Sergey Lebedev; ASEAN Secretary-General Kao Kim Hourn; CSTO Secretary-General Imangali Tasmagambetov; EAEU Chairman Bakytzhan Sagintayev; and AIIB President Zhou Ji. Kazakhstan will be prominently represented. In addition to President Tokayev, three high-profile Kazakhs mentioned above - Yermekbayev, Tasmagambetov, and Sagintayev - will attend in their capacities as heads of international organizations. Their presence signals Astana’s growing diplomatic weight and reflects the strategic outreach led by Tokayev, himself a former UN Deputy Secretary-General. This background likely contributes to the rapport between Kazakhstan and Guterres. The summit will also inevitably draw attention due to the presence of the Armenian and Azerbaijani leaders, figures central to the ongoing realignment in the South Caucasus. Both Baku and Yerevan have increasingly distanced themselves from Moscow, favoring closer ties with Turkey and the United States. The recent peace agreement between Aliyev and Pashinyan, signed in the presence of President Trump, underscored the growing American role in the region and the diminishing influence of Russia. While Moscow appears willing to tolerate this shift, Tehran views it with deep concern, especially after its recent 12-day conflict with Israel. Russia, for its part, seems to be signaling disengagement from the region. Its silence in response to Baku and Yerevan’s Western overtures suggests strategic apathy, if not withdrawal. Beijing, of course, is...

Kyrgyzstan and China to Expand Healthcare Cooperation

China is exploring investment opportunities in Kyrgyzstan’s healthcare sector, including the construction of a pharmaceutical plant using locally grown medicinal herbs and the establishment of a medical equipment assembly facility, according to Kyrgyzstan’s Ministry of Health. These prospects were discussed during a meeting in Bishkek between Kyrgyz Health Minister Erkin Checheybaev and a Belt and Road healthcare investment coordinator from Xinjiang Medical University in Urumqi. The talks focused on deepening healthcare cooperation within the framework of China’s Belt and Road Initiative. Key proposals included: Supplying high-tech medical equipment to Kyrgyz hospitals and clinics Establishing medical simulation centers and equipping Kyrgyz medical universities through grant support Offering fully funded bachelor’s and master’s degree programs in China for Kyrgyz students Creating a Kyrgyz-Chinese Center for Traditional Medicine Similar centers currently operate in Pakistan and Uzbekistan, and Kyrgyzstan may soon join this regional network under the “Silk Road for Traditional Medicine” initiative. China also signaled its willingness to provide educational materials and dispatch specialists to train Kyrgyz medical professionals in traditional Chinese medicine practices.

Russian Climber Stranded on Kyrgyzstan’s Pobeda Peak is Feared Dead

In 2021, Russian climber Natalia Nagovitsina stayed with her sick husband overnight on one of Kyrgyzstan’s highest mountains and later recounted the ordeal in which he died in a documentary titled  “Stay with Khan Tengri: Tragedy on the Mountain.” Now rescue workers and experienced climbers believe it is likely that Nagovitsina is dead after she became immobilized with a broken leg on the upper reaches of another mountain in Kyrgyzstan and efforts to bring her down in bad weather failed. Her story, and the deaths of others who scaled Pobeda Peak this year, have made for a grim high-altitude climbing season within the Central Asian country, which is celebrating its best-known climber, Eduard Kubatov, for recently reaching the summit of K2 in Pakistan without supplementary oxygen.    Various accounts have described Nagovitsina’s ordeal since she broke a leg on August 12 on Pobeda, Kyrygzstan’s highest mountain at 7,439 meters above sea level. It lies on the border between Kyrgyzstan and China and is also known by the Kyrgyz name Jengish Chokusu (Victory Peak). Italian climber and friend Luca Sinigaglia helped to bring food, a tent and a sleeping bag to Nagovitsina several days later, but he then fell ill and died. Subsequently, on August 16, a Kyrgyz helicopter involved in rescue operations made a hard landing, injuring some on board. On August 19, a drone filmed movement at Nagovitsina’ sleeping bag on the ridge where she was stranded, but few climbing veterans believe she could have since survived extended exposure to the brutally cold conditions on the mountain.  “There is practically no chance” that Nagovitsina is alive after nearly two weeks on the mountain, wrote Anna Piunova, editor of Mountain.RU, a Russian website that covers climbing news. Some climbers, including Bishkek-based Kadyr Saydilkan, bristled at any online commentators who suggested that Nagovitsina, who was in her late 40s, was to blame for the disaster, or didn’t deserve to be rescued, or shouldn’t have been on the mountain in the first place because she was a woman.  Nagovitsina, Saydilkan said on Facebook, “fought with death for ten days and survived as long as she could. She dreamed, set goals, lived freely, with love, and pursued her dream!!! And you?”

Tokayev in Bishkek: Deals, Diplomacy, and a Golden Bridge

Kazakh President Kassym-Jomart Tokayev arrived in Kyrgyzstan on 21 August for an official visit that rolls into a full day of talks in Bishkek on 22 August, including a session of the Supreme Interstate Council. The Kyrgyz capital implemented rolling traffic restrictions around motorcade routes, a sign of how tightly choreographed the program is. The visit’s centerpiece is a Tokayev–Japarov meeting in both narrow and expanded formats, alongside a packed slate of bilateral events that underscore deepening political, economic, and cultural ties between the neighbors. Tokayev’s schedule blends state protocol with public-facing diplomacy. Alongside presiding over the seventh meeting of the Supreme Interstate Council, the two leaders are set to unveil the “Golden Bridge of Friendship” monument in Bishkek’s Yntymak Park - an attempt to give symbolic form to a relationship both sides have labored to institutionalize over the past two years. The program is also set to include the inauguration of the Consulate General of Kazakhstan in Osh, the launch of a branch of L.N. Gumilyov Eurasian National University in Kyrgyzstan’s south, the third Kyrgyz-Kazakh Youth Forum, and Days of Kazakhstan Cinema - events designed to anchor cooperation beyond chancelleries and boardrooms. This public show of diplomacy is being matched by concrete steps. The new Consulate General in Osh is intended to smooth consular services, support cross-border business, and expand cultural ties in a region where Kazakh–Kyrgyz trade and travel flows are accelerating. Central government, city, and regional officials joined Kazakh diplomats at the ribbon-cutting, underscoring the practical, day-to-day value for citizens who live and work across the southern corridor. Optics aside, the substance is in the talks. Astana and Bishkek have spent the last 18 months upgrading their legal architecture. In April 2024, the presidents signed a Treaty on Deepening and Expanding Allied Relations, moving the relationship beyond the basic language of partnership and into a framework that touches upon security, transport, energy, agriculture, and cultural cooperation. Kazakhstan’s Parliament later approved, and the president signed implementing legislation, putting the allied-relations commitments on a firmer legal footing domestically. This trip is widely viewed in both capitals as a chance to translate that framework into specific projects - some of which are already in motion. Trade and connectivity top the economic agenda. Bilateral trade hit roughly $1.7 billion in 2024, and both governments have repeatedly floated a target of $3 billion within the decade. The composition of flows is familiar: Kazakhstan ships metals, grain, fuels, and construction materials, while Kyrgyzstan supplies gold, coal, light-industry goods, and services. Reaching the next rung, however, will require more predictable border procedures, harmonized standards, and dedicated logistics capacity - areas where ministerial roadmaps are already in circulation. Energy and water cooperation is the other pillar. Kyrgyzstan’s Kambarata-1 hydropower project - envisioned as a 1,860 MW plant on the Naryn River - has become a regional test case for practical integration. Since mid-2024, Kyrgyzstan, Kazakhstan, and Uzbekistan have built a joint track with the World Bank and other partners to complete feasibility work, structure financing,...

Kyrgyz President Denounces “Politicized” Sanctions on Banks

President Sadyr Japarov has sharply criticized the United States and United Kingdom for imposing what he has called unfounded sanctions on Kyrgyz financial institutions, urging Western leaders to stop “politicizing the economy.” In an interview with state news agency Kabar, Japarov defended two state-owned banks – Keremet Bank and Capital Bank – against allegations that they helped Russia skirt international sanctions, insisting that no evidence of violations has been presented. Neither the UK nor the U.S. has provided a single fact of violation… such facts simply do not exist,” Japarov said, dismissing the sanctions as politically motivated. UK and U.S. Target Kyrgyz Banks for Russia Sanctions Evasion Japarov’s comments come after a new wave of Western measures targeting Kyrgyzstan’s banking and crypto sectors for purported links to Russian sanctions evasion. On August 20, London sanctioned Kyrgyzstan-based Capital Bank – along with its director, Kantemir Chalbayev – alleging the bank was being used by Moscow to pay for military goods as part of a “convoluted scheme” to evade sanctions. The British authorities also blacklisted two Kyrgyz cryptocurrency exchanges - Grinex and Meer - that ran the infrastructure for a new rouble-backed crypto coin called A7A5, which moved an estimated $9.3 billion in just four months and was “intentionally created to evade sanctions.” The UK’s sanctions minister, Stephen Doughty, warned that “laundering transactions through dodgy crypto networks” would not soften the blow of Western sanctions. These steps followed a U.S. Treasury designation in January 2025 against Keremet Bank, a mid-sized Kyrgyz lender, for creating a hub for trade payments that helped Moscow evade restrictions. U.S. officials allege that Keremet Bank facilitated cross-border transactions for Russia’s sanctioned Promsvyazbank and even sold a controlling stake to a firm linked to a pro-Kremlin oligarch – moves Washington viewed as part of a secret channel to re-export dual-use goods and finance Russia’s defense sector. Those actions marked one of the first instances of Western “secondary sanctions” against Central Asian entities – penalties on third-country institutions accused of abetting a sanctioned nation’s activities. Kyrgyz Government’s Defensive Measures President Japarov contends that Kyrgyzstan has been proactive in compliance and that the West’s suspicions are misplaced. He noted that 21 banks operate in Kyrgyzstan, and authorities deliberately limited all Russian rouble transactions to just two state-controlled banks to shield the rest of the financial sector from any inadvertent sanctions breach. “To prevent any of them from falling under sanctions, we decided that only the state-owned Keremet Bank would work with the Russian rouble… All operations are under state control, and the income goes directly to the state treasury,” Japarov stated. Earlier this year, the government expanded this approach by channeling rouble remittances and payments through Capital Bank, which was brought under 100% state ownership in April. The National Bank of Kyrgyzstan ordered that all cross-border transfers in roubles – including the billions of roubles sent home by Kyrgyz migrant workers each day – be processed exclusively via Capital Bank. Kyrgyz officials argued this centralization was meant to “ensure transparency of...

Cholpon-Ata to Host ‘Day of German Economy in Kyrgyzstan’

On August 26, Kyrgyzstan will host one of its most prominent international business events of the year, the Day of German Economy in Kyrgyzstan, alongside the 4th meeting of the Kyrgyz-German Business Council. The events are organized by the National Investment Agency under the President of the Kyrgyz Republic. According to the agency, the forum will take place at two venues in the resort city of Cholpon-Ata: the Rukh Ordo Cultural Center and the No. 2 State Residence of the President of the Kyrgyz Republic. The event is expected to bring together high-level participants, including government officials, business leaders, industry associations, and investors from both Germany and Kyrgyzstan. Welcoming remarks will be delivered by Adylbek Kasymaliyev, Chairman of the Cabinet of Ministers of Kyrgyzstan, and Professor Reinhold Krämmel, Honorary Consul of Kyrgyzstan in Munich and Deputy Co-Chairman of the Kyrgyz-German Business Council. The forum will feature two thematic panel sessions: "Energy Projects for German-Kyrgyz Economic Cooperation" - focusing on opportunities in green energy and infrastructure development. "Export Potential and Logistics in the Transition Period: Opportunities of the Middle Corridor" - examining evolving trade routes and modern logistical challenges. In addition, Kasymaliyev will attend the meeting of the Kyrgyz-German Business Council. Discussions will center on the theme: “Kyrgyz-German Trade, Economic and Investment Cooperation: Finance as an Integral Part of the Partnership.” The primary aim of the event is to deepen economic dialogue, enhance trade and investment relations, and strengthen the strategic partnership between Kyrgyzstan and Germany.