• KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760

Viewing results 43 - 48 of 370

Central Asia Launches Regional Electricity Market with World Bank Support

On January 22, the World Bank’s Board of Executive Directors approved the 10-year Regional Electricity Market Interconnectivity and Trade (REMIT) Program, an ambitious initiative to establish Central Asia’s first regional electricity market. The program aims to boost cross-border electricity trade, expand transmission capacity, and lay the foundation for large-scale renewable energy integration across the region. Electricity demand in Central Asia is projected to triple by 2050 under a business-as-usual scenario. Yet electricity trade in the region currently accounts for only 3% of total demand. The REMIT Program seeks to harness Central Asia’s diverse and complementary energy resources: hydropower in Kyrgyzstan and Tajikistan, thermal power from coal and natural gas in Kazakhstan, Turkmenistan, and Uzbekistan, and the region’s rapidly expanding solar and wind potential. Over the next decade, REMIT aims to: Increase regional electricity trade to at least 15,000 GWh annually, enough to supply millions of consumers Triple regional transmission capacity to 16 GW Enable up to 9 GW of clean energy integration The initiative is designed to enhance regional energy security, reduce power outages, lower electricity costs, and promote a more resilient and interconnected grid system. Total indicative financing for the program is $1.018 billion, to be deployed in three phases. These funds will support the creation and operation of a regional energy market, boost transmission infrastructure, introduce digital technologies to improve grid reliability, and strengthen regional energy institutions and coordination mechanisms. Investments are also expected to generate both construction-related employment and high-skilled jobs tied to market operations. In the program’s first phase, Kyrgyzstan, Tajikistan, Uzbekistan, and the Central Asian Countries’ Coordinating Dispatch Center (CDC) Energia will benefit from grants and concessional financing totaling $143.2 million. This comprises $140 million from the World Bank’s International Development Association (IDA) and $3.2 million from the Central Asia Water and Energy Program (CAWEP). “The REMIT Program supports Central Asian countries’ ambition to deepen energy cooperation and create a regional electricity market,” said Najy Benhassine, World Bank Regional Director for Central Asia. “This will enable more efficient use of energy resources, including cross-border deployment of clean energy, improve access to reliable and affordable electricity, and support jobs. By 2050, stronger regional connectivity could generate up to $15 billion in economic benefits.” Charles Cormier, World Bank Regional Infrastructure Director for Europe and Central Asia, added that REMIT will advance energy security and unlock private sector investment. “The first phase alone is expected to enable about 900 MW of new clean energy capacity, leveraging $700 million in private investment. This will pave the way for a more resilient and interconnected power system across this dynamic region,” he said. CDC Energia will lead the implementation of market and institutional activities, while national transmission companies will be responsible for infrastructure investments.

Finland’s President Stubb Warns Russia’s Imperial Thinking Poses Risks for Central Asia

Russia’s imperial worldview may pose a greater long-term risk to Central Asia and the South Caucasus than to NATO member states, Finnish President Alexander Stubb said in an interview with The Washington Post, highlighting concerns that continue to resonate across the post-Soviet space. Speaking with columnist David Ignatius, Stubb referenced Finland’s long and complex history with its eastern neighbor, noting that expansionist thinking remains deeply rooted in Russian political culture. “I think the DNA of Russia is still expansion and imperialism,” he said, arguing that President Vladimir Putin views the collapse of the Soviet Union as a historical injustice. While much of the Western debate centers on potential threats to NATO countries such as the Baltic states, Finland, or Poland, Stubb suggested that more vulnerable regions lie elsewhere. “I think the more worrying aspect for others is the Central Asian countries, the Southern Caucasus and others,” he said, pointing to what he described as a top-down political system driven by the ideology of Russkiy mir, or the “Russian world.” Stubb also spoke about his personal interactions with Russian officials, including Putin and Foreign Minister Sergei Lavrov, stressing that meaningful political dialogue remains unlikely while the war in Ukraine continues. As previously reported by The Times of Central Asia, Russian television host Vladimir Solovyov sparked backlash after suggesting that Moscow could conduct “special military operations” in Central Asia and Armenia. The remarks were widely condemned by Uzbek scholars, journalists, and analysts as destabilizing and provocative. More recently, Russian ultranationalist Alexander Dugin, often described as an ideologue of the “Russian world”, publicly questioned the sovereignty of several former Soviet republics, including Uzbekistan, Kazakhstan, Tajikistan, and Kyrgyzstan. A video of his comments circulated widely online, drawing sharp criticism across the region. Russia’s Foreign Ministry later sought to distance the Kremlin from such statements. Spokesperson Maria Zakharova stated that Solovyov’s remarks did not reflect official policy and reaffirmed that Moscow’s relationships with Central Asian countries are based on partnership and respect for sovereignty.

U.S. Envoy Gor Visits Turkmenistan As American Outreach to Central Asia Deepens

Sergio Gor, the U.S. special envoy for South and Central Asia, is on a trip to Turkmenistan as the United States expands its relationships with Central Asian countries. Gor is traveling to Turkmenistan on Thursday and Friday and will meet top government officials and business leaders to discuss regional stability and economic collaboration, the U.S. State Department said. “The United States looks forward to engaging with Turkmenistan on new opportunities for collaboration that will benefit both our nations and contribute to prosperity and security across the region,” the agency said. Turkmenistan has some of the largest natural gas reserves in the world, though the government’s tight internal controls have made it difficult for multinational companies to operate there. Gor and U.S. Deputy Secretary of State Christopher Landau traveled to Kazakhstan and Uzbekistan in October, ahead of a Washington summit that President Donald Trump hosted the following month for the leaders of those two countries, as well as Kyrgyzstan, Tajikistan and Turkmenistan. The United States is building deeper trade ties with Central Asia, aiming to benefit from its energy and other natural resources while contesting Russian and Chinese influence in the region. For their part, Central Asia countries are diversifying their relationships with the big powers while looking for opportunities to collaborate as a regional bloc.

Former Head of Turkmen Railways on Trial in Russia Over Alleged Drug Smuggling

The former head of Turkmenistan’s state rail company is facing trial in Russia on charges of large-scale drug smuggling, as reports emerge of a covert, high-level campaign to secure his release. Khydyr Rakhmanov, who led Demiryollary JSC (Turkmen Railways), was detained on October 4, 2025, at Moscow's Domodedovo airport while allegedly attempting to import LSD. Russian authorities subsequently opened a criminal case under Article 229.1 of the Criminal Code, “Smuggling of narcotic drugs and psychotropic substances.” He has been held in custody since October 6, and on December 4, the Domodedovo court extended his pretrial detention by another two months. Sources cited by turkmen.news allege Rakhmanov is charged under the most severe subsection of the statute, which covers large-scale smuggling and carries a sentence of 10 to 20 years in prison and a fine of up to $13,000. The law does not allow for a suspended sentence. Despite this, efforts appear to be underway to negotiate Rakhmanov’s return to Turkmenistan. According to turkmen.news, the Ministry of Foreign Affairs of Turkmenistan, led by Rashid Meredov, is personally involved in an unofficial campaign to secure his release. Sources further claim that $3 million was transferred from Ashgabat via diplomatic mail as part of a backchannel attempt to reach a settlement with Russian authorities. Roman Kuchin, a Russian lawyer with prior experience in the prosecutor’s office and close ties to legal and political networks, has reportedly been retained to advocate for a suspended sentence and eventual deportation of Rakhmanov. Notably, there is no public information about the case on the Russian court’s official website. Earlier reports suggested that Turkmen special service operatives traveled to Russia to conduct direct negotiations with law enforcement officials. The situation underscores Turkmenistan’s behind-the-scenes influence campaign and raises questions about transparency and diplomatic maneuvering in high-stakes criminal cases involving state officials.

Central Asia Trade with China Tops Record $100 Billion in 2025

Trade between China and Central Asia increased to a record of more than $100 billion in 2025, despite challenges to global economic growth, the Chinese government said on Monday.  Citing data from China’s General Administration of Customs, Foreign Ministry spokesman Guo Jiakun said the trade structure with the Central Asian nations of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan had improved and that more high-end products were entering the Chinese market from the region.   “As global economic growth remains sluggish and the international trading system faces serious challenges, the economic and trade cooperation between China and Central Asian countries has withstood external headwinds, and the trade volume surpassed US$100 billion,” Guo said.  He attributed the increasing cooperation in part to a China-Central Asia summit in Astana, Kazakhstan last year that was attended by Chinese President Xi Jinping and the five Central Asian leaders.  China’s Belt and Road initiatives, which include the development of trade routes that pass through Central Asia and link up with Europe, are also making progress, according to the Chinese official.  Total trade between China and Central Asia was $106.3 billion in 2025, an increase of 12 percent over the previous year, China’s state-run Xinhua news agency reported. Chinese exports such as machinery, electronics and high-tech goods were $71.2 billion, an increase of 11 percent over the previous year. Imports from Central Asia amounted to $35.1 billion, a rise of 14 percent from 2024. China is involved in major projects in Central Asia, including the extraction of minerals used for “clean” technology, equipment manufacturing and the modernization of agriculture. China imports oil and natural gas as well as a growing number of other products from the region.  Russia was once the main trading partner of Central Asia after the fall of the Soviet Union, but China has the lead position now. The United States is also seeking to develop more trade with resource-rich Central Asia, which is diversifying its international partnerships.     

Ashgabat to Host Regional Center for Combating Desertification in Central Asia

A regional center dedicated to combating desertification will be established in Turkmenistan's capital Ashgabat. The center aims to coordinate efforts among Central Asian nations to address environmental and water management challenges. According to Pirli Kepbanov, Director of the National Institute of Deserts, Flora and Fauna under Turkmenistan’s Ministry of Environmental Protection, the new institution will consolidate regional scientific and practical capacities to tackle transboundary issues affecting agriculture and water resources. “Based at the center, the region’s states will be able to cooperate on shared concerns related to agricultural production and water infrastructure,” Kepbanov said. Ashgabat’s selection as the host city is no coincidence. Turkmenistan has long been a regional hub for desert science, with established research institutions specializing in land degradation, desert ecosystems, and the adaptation of economic activity to arid conditions. “There are only four such scientific institutes worldwide, and one of them is the National Institute of Deserts, Flora and Fauna of Turkmenistan,” Kepbanov added. He also emphasized Turkmenistan’s historical role in developing desert science across Central Asia and beyond. “The first Chinese desert scientists trained here,” he said, adding that contemporary Chinese experts acknowledge Turkmenistan’s important contributions to their national school of desert research. Currently, the National Institute collaborates with the Xinjiang Institute of Ecology and Geography in China, the A.N. Kostyakov Federal Scientific Center for Hydrotechnics and Land Reclamation in Russia, and is receiving partnership proposals from universities across Central Asia.