• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 211 - 216 of 1480

Trump to Host U.S.-Central Asia Summit on November 6

Kazakhstan’s presidency says a Central Asia–United States summit will be held in Washington on November 6. President Kassym-Jomart Tokayev sent a letter to U.S. President Donald Trump to thank him for the invitation to participate in the summit on that date in the U.S. capital, Tokayev’s press office said on Sunday. President Tokayev regarded the initiative of the American leader as both timely and important, the office said. “The Head of State also noted that he shares the key principles of President Trump’s domestic and foreign policy, in particular the advocacy of traditional values based on common sense, as well as dedication to safeguarding peace and security.” The summit would mark the tenth anniversary of the C5+1 diplomatic forum, which includes the United States and the five Central Asian countries of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Citing unidentified sources in Uzbekistan’s presidential administration, Gazeta, a media outlet in Uzbekistan, confirmed the summit plan, saying Uzbek President Shavkat Mirziyoyev was among the Central Asian leaders who had received invitations from Trump to attend the November 6 meeting in Washington. Kyrgyz media have also reported that President Sadyr Japarov will attend the C5+1. According to Azattyq, the invitation was extended to all five Central Asia leaders. The announcement of the summit coincides with a visit to Kazakhstan and Uzbekistan by Sergio Gor, U.S. Special Envoy for South and Central Asia, and Deputy Secretary of State Christopher Landau. Trump met Tokayev and Uzbek President Shavkat Mirziyoyev on the sidelines of the U.N. General Assembly last month. Multi-billion-dollar business deals were announced in connection with those meetings. The U.S. president is currently on an Asia tour during which he is expected to meet Chinese President Xi Jinping to discuss trade tensions. A summit with Central Asian leaders could potentially help the U.S. counter the influence of Russia and China in that region. In an Oct. 20 letter, a U.S. congressional foreign affairs panel urged Trump to host a summit with Central Asian leaders before the end of the year. It noted U.S. interests such as the development of critical minerals, including tungsten, antimony, lithium, and rare earth elements; the full repeal of the Jackson-Vanik amendment, a Cold War-era law that imposes some restrictions on trade with several countries in Central Asia; and counterterrorism efforts against the regional branch of the Islamic State group.

Dinosaur Skull Fragment Unearthed in Tajikistan Could Signal Discovery of New Species

Paleontologists from St. Petersburg State University have uncovered a remarkably well-preserved fragment of a duck-billed dinosaur skull in Tajikistan, a rare and potentially groundbreaking find for the region. According to scientists, the skull fragment is in near-perfect condition, allowing for precise classification. Experts believe the discovery could lead to the identification of a previously unknown genus of dinosaurs. Russian researchers are now conducting a comparative analysis, examining the specimen alongside collections from other countries. The dinosaur belongs to the hadrosaur family, a group known for their distinctive elongated, duck-like snouts. These herbivorous reptiles lived during the late Cretaceous period. Researchers say the find may offer new insights into the evolutionary history of dinosaurs in Central Asia. Tajikistan is emerging as a key site for the study of the Cretaceous era. In a previous discovery near the village of Kansai in the Sughd region, paleontologists unearthed dinosaur remains estimated to be around 85 million years old. The area, often described as a “chronicle of the ancient world,” has yielded fossils not only of dinosaurs but also of turtles, crocodiles, amphibians, and ancient fish. Kansai has long been on the scientific map. In the 1960s and 1980s, expeditions led by the renowned Soviet paleontologist Anatoly Rozhdestvensky explored the region extensively. His team identified several new species, including therizinosaurs. One of the most notable finds from that era was a nearly complete femur of a therizinosaur. Many of these rare specimens are now housed in the History and Local Lore Museum of the Sogdian Region, which attracts visitors with its collection of prehistoric fossils and other ancient artifacts. Among the museum’s standout items is the jawbone of a southern elephant, estimated to be 2.5 million years old. It was discovered on the shore of the Kayrakkum Reservoir in 2013. According to museum director Mansur Boimatov, similar remains were first uncovered in 1978. At that time, local artisans created a bas-relief of the elephant, which was later installed in the Khujand Museum.

How U.S. and EU Sanctions Are Rippling Through Central Asia

Russia’s economy has faced renewed pressure following a fresh round of sanctions imposed this past week by both the European Union and the United States. After abruptly canceling a planned meeting with Vladimir Putin in Budapest, President Donald Trump shifted to a more hardline stance, announcing new sanctions. While these sanctions may not cripple Moscow, they are already having secondary effects on Central Asia, particularly on Kazakhstan’s banking and energy sectors. The EU's 19th sanctions package, adopted on October 22, introduces a phased ban on Russian liquefied natural gas (LNG). According to Reuters, short-term contracts will be terminated within six months, while long-term contracts are to expire by January 1, 2027. The package also includes a total ban on transactions with Russian oil giants Rosneft and Gazprom Neft, an expanded blacklist of so-called "shadow fleet" vessels, and sanctions against 45 companies in Russia and third countries supplying military-related technologies. Of growing concern in Central Asia is the inclusion of several regional financial institutions in the EU's sanctions list. These include the Kazakh branch of Russia’s VTB Bank, Kyrgyz banks Tolubai and Eurasian Savings Bank, and Tajik banks Dushanbe City Bank, Kommertsbank of Tajikistan, and Spitamen. These restrictions are scheduled to take effect between November and December 2025. Both Kyrgyzstan’s President Sadyr Japarov and the nation's Foreign Ministry have publicly expressed dismay over the sanctions, with Japarov urging Western leaders to stop “politicizing the economy.” In his speech at the UN General Assembly in New York in September, Japarov criticized the impact of unilateral sanctions, while the Foreign Ministry has stated that the country adheres to its international obligations and maintains an open dialogue with the EU to prevent risks associated with possible sanctions circumvention. The ministry has proposed launching an independent, internationally recognized audit and forming a joint “Kyrgyzstan-European Union” technical working group to facilitate data exchange, transaction monitoring, and risk assessments. In Kazakhstan, the National Bank downplayed the impact of sanctions against VTB. Deputy Chairman Yerulan Zhamaubayev noted that the bank had already been under nominal restrictions, and handles few transactions. “VTB does not affect the country’s financial stability, and we do not expect serious risks for the economy,” Zhamaubayev stated. However, the latest U.S. sanctions may prove more consequential for Kazakhstan, particularly amid efforts to strengthen bilateral trade with the United States, including through the repeal of the Jackson-Vanik amendment. The U.S. Treasury Department has sanctioned Russian oil majors Rosneft and Lukoil. The latter has deep economic ties with Kazakhstan. Just days before the announcement, on October 14, President Kassym-Jomart Tokayev personally attended the 30th anniversary of Lukoil’s operations in Kazakhstan, awarding CEO Vagit Alekperov the Order of Barys, first class. Oil and gas journalist Oleg Chervinsky reported that the joint venture Kalamkas-Khazar Operating LLP, co-owned by Lukoil and KazMunayGas, is directly affected. “Only the Tengiz and CPC projects, which Lukoil operates with American partners, have been exempted from the sanctions,” Chervinsky noted. A final investment decision for Kalamkas-Khazar was expected in December 2025. Yerkanat Abeni, a member of...

Iran to Retain Control of Sangtuda-2 Hydropower Plant in Tajikistan Until 2032

Tajikistan and Iran have agreed to extend the repayment period for Iran’s investment in the Sangtuda-2 hydroelectric power plant by six years and four months. The extension will allow the Iranian side to recover its investment, after which full ownership of the facility will transfer to the Tajik government. The amendments to the electricity purchase agreement between Tajikistan’s state-owned power utility Barki Tochik and Iran’s Sangtuda Sangob company were ratified by the lower house of Tajikistan’s parliament in early October. The revised agreement was originally signed on May 29, 2025, in Dushanbe, following high-level negotiations between the two countries. Under the initial agreement, Iran was to recover its investment by August 2026, after which the hydropower plant would become Tajik state property. However, under the new terms, Iranian management of the plant will continue until the end of 2032. The total construction cost of the Sangtuda-2 hydroelectric plant was $256 million. Of this, the Iranian government contributed $180 million, Sangob invested $36 million, and the Tajik government provided $40 million. According to Tajikistan’s Ministry of Energy and Water Resources, between the plant’s launch in 2012 and the end of 2023, Barki Tochik purchased 8.9 billion kilowatt-hours of electricity worth $451.5 million. However, the power plant itself received only $122.5 million, roughly 27% of the total value. As a result, Tajikistan’s outstanding debt to Sangtuda-2 reached $329 million. Under the new agreement, this debt will be fully written off. In return, Dushanbe has committed to a new payment schedule over the next six years and four months. After this period, control of the plant will transfer to Barki Tochik. Sangtuda-2 is among the largest joint energy projects between Tajikistan and Iran. Construction began in 2006, with the first hydroelectric unit launched in September 2011 and the second in 2014. The plant is located in the Danghara district of the Khatlon region, on the Vakhsh River. It is the fifth stage of the Vakhsh cascade of hydroelectric stations.

Congressional Panel Urges Trump to Host C5+1 Summit This Year

A U.S. congressional foreign affairs panel is asking U.S. President Donald Trump to host a meeting in Washington, D.C. with leaders from Central Asia by the end of 2025.   The proposal was made in an October 20 letter to Trump by Bill Huizenga, a Michigan Republican who chairs the House’s South and Central Asia Subcommittee, and Sydney Kamlager-Dove of California, the senior Democrat on the subcommittee.  The two representatives said that such a summit would mark the 10th anniversary of the C5+1 diplomatic forum and highlight the importance of Central Asia following Trump’s meetings with Uzbek President Shavkat Mirziyoyev and Kazakh President Kassym-Jomart Tokayev on the sidelines of the U.N. General Assembly last month. Multi-billion-dollar business deals were announced in connection with those meetings.  Established in 2015, the C5+1 formula refers to the United States and the five Central Asian countries of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. “A Leaders’ Summit with meaningful outcomes will strengthen regional cooperation and maximize the diplomatic potential of the 10th anniversary, setting the tone for strengthened U.S. engagement in the region for the rest of your presidency,” the representatives said in the letter to Trump. They said a meeting would advance U.S. priorities in Central Asia, “including security cooperation, economic ties, soft power, and good governance,” they said.  The letter noted U.S. interests such as the development of critical minerals, including tungsten, antimony, lithium, and rare earth elements; the full repeal of the Jackson-Vanik amendment, a Cold War-era law that imposes some restrictions on trade with several countries in Central Asia; and counterterrorism efforts against the regional branch of the Islamic State group.  “We also hope to see new agreements with the Central Asian countries to bolster people-to-people ties and expand U.S. soft power, such as additional American Peace Corps volunteers and the expansion of educational and cultural exchange programs, while addressing the accreditation issue surrounding U.S.-sponsored journalists and other U.S.-funded news broadcasters.  The Trump administration, however, has taken steps to cut most U.S. foreign aid programs, dismantling the U.S. Agency for International Development. USAID had been active in Central Asia. The administration has also cut aid for U.S.-funded domestic and international broadcasters. Analyst Temur Umarov wrote in the Carnegie Politika publication that Central Asia has found it relatively easy to work with the Trump administration.  “Business interests can be used to attract Washington’s attention, and there is no longer any need for demonstrative distancing from Russia or commitment to democratic reforms,” Umarov said.  He said that Uzbekistan and Kazakhstan have hoped to hold C5+1 anniversary events in their capitals, with top leaders in attendance. If that happens, Trump would be the first sitting U.S. president to visit any of the five Central Asian countries. 

Trade in Central Asia: China Deepens Influence, Europe Expands Presence, Region Seeks New Markets

Central Asia remains a theater of active economic competition, with countries in the region striving to diversify external partnerships and reduce dependence on traditional power centers, Russia and China. While both continue to dominate foreign trade, Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan are increasingly exploring new directions. The region’s evolving trade dynamics reflect each country's economic characteristics. Kazakhstan is driven by energy and metals exports, Uzbekistan by manufacturing and resource processing, while Kyrgyzstan and Tajikistan rely heavily on remittances and raw material exports. Amid global shifts and intensified competition for markets, Central Asian states are gradually shaping more multipolar trade strategies, opening up new routes and partnerships. Turkmenistan is excluded from this analysis due to the opacity of its national statistics. Kazakhstan As Central Asia’s largest economy, Kazakhstan relies heavily on natural resource extraction. Its main exports include oil, gas, metals, coal, grain, and agricultural products. Imports consist primarily of machinery, chemicals, vehicles, and consumer goods. Key export partners include Italy (21.6%), China (18.6%), Russia (10.2%), the Netherlands (7.4%), Turkey (4.7%), and Uzbekistan (4.3%). On the import side, China (29%) and Russia (28.8%) dominate, followed by Germany (4.8%), South Korea (3.7%), the United States (3.6%), and Turkey (2.5%). Kazakhstan has maintained a positive trade balance, buoyed by consistent demand for raw materials. In January-July 2025, the country’s foreign trade turnover totaled $78.18 billion, down 2.6% from the same period in 2024. Exports declined by 6.4% to $43.58 billion, while imports rose by 2.6% to $34.6 billion. Uzbekistan Uzbekistan's economy is focused on agriculture, textiles, natural resources, and manufacturing. Major exports include textiles, gold, gas, automobiles, cotton, and fruit. Imports are led by machinery, equipment, chemicals, and petroleum products. In the first half of 2025, foreign trade turnover reached $44.4 billion, up 19.9% year-on-year. Exports rose 34.9% to $20.1 billion, while imports increased 9.9% to $24.29 billion, leaving a trade deficit of $4.18 billion. Uzbekistan trades with 197 countries. Its largest trade partners are China (18.2%), Russia (16.1%), Kazakhstan (5.9%), Turkey (3.6%), and South Korea (2.2%). Export destinations include Russia (12.3%), China (5.5%), Kazakhstan (4.0%), Afghanistan (3.7%), Turkey (3.0%), France (2.6%), the UAE (1.8%), Kyrgyzstan (1.6%), Tajikistan (1.4%), and Pakistan (1.2%). Imports mainly come from China (28.7%), Russia (19.3%), Kazakhstan (7.6%), Turkey (4.1%), South Korea (3.9%), Germany (2.8%), and India (2.6%). Kyrgyzstan Kyrgyzstan, with limited natural resources, is heavily dependent on foreign trade. Its economy is rooted in agriculture, mining, and textiles. Key exports include gold and agricultural products, while imports are dominated by machinery, vehicles, petroleum products, and chemicals. From January to June 2025, foreign trade turnover fell 12.4% year-on-year to $6.99 billion. Exports made up only 15% of total trade, underscoring a continued trade deficit. Main partners remain Kazakhstan, Russia, and China. Tajikistan Tajikistan’s economy is centered on agriculture, hydropower, textiles, and mining. In January-August 2025, foreign trade turnover rose 16.8% year-on-year to $6.73 billion. Exports totaled $1.63 billion, while imports reached $5.1 billion, more than triple the export volume. Main exports are aluminum, textiles, agricultural goods, and minerals; imports...