• KGS/USD = 0.01144 -0.87%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09146 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 -0.87%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09146 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 -0.87%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09146 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 -0.87%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09146 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 -0.87%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09146 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 -0.87%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09146 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 -0.87%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09146 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 -0.87%
  • KZT/USD = 0.00188 0%
  • TJS/USD = 0.09146 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
13 January 2025

Viewing results 67 - 72 of 169

New U.S. Ambassador to Turkmenistan Outlines Priorities For Cooperation

At her first press briefing in Ashgabat, the new U.S. Ambassador to Turkmenistan, Elizabeth Rood, outlined key areas of cooperation between the two countries. She paid particular attention to economic development and investment attraction. Rood emphasized that the U.S. Embassy intends to actively engage with Turkmenistan's government, private sector, and educational institutions to create new jobs and employment opportunities and diversify the national economy. Rood also emphasized four critical areas of work: combating climate change, economic sector development, security issues, and promoting fundamental freedoms. Regarding climate challenges, Rood emphasized Turkmenistan's role in mitigating climate change and welcomed President Serdar Berdymukhamedov's pledge to limit methane emissions. Ambassador Rood also emphasized the importance of supporting civil society in Turkmenistan, including upholding fundamental freedoms and combating forced and child labor. In addition, she expressed her intention to strengthen ties between the peoples of the two countries, noting her inspiration from the determination of Turkmen youth to learn exact sciences and the English language.

Russia’s FM: U.S. Interest in Central Asia’s Economy Could Harm Russia’s Development

Russia’s Foreign Minister Sergei Lavrov, during a question-and-answer session with students at Moscow’s MGIMO University in early September, noted that “a growing number of extra-regional actors,” including the United States, have taken an interest in fostering trade via the so-called Middle Corridor -- a route connecting Asia to Europe via Central Asia, bypassing Russia. Lavrov’s speech suggests that the U.S. interest in the economic future of Central Asia will negatively impact Russia's development. Lavrov noted that Russia maintains “warm and allied” relations with Central Asian nations, which are bound to Russia economically and strategically via several agreements, including the Collective Security Treaty Organization, the Eurasian Economic Union, and the Commonwealth of Independent States. He added that Russia “cannot prevent anyone from establishing deeper ties with other partners.” Lavrov couldn’t resist lashing out at the United States, saying the motives of American officials in Central Asia aren’t magnanimous. “When our partners and allies in Central Asia expand their relations with the West, I do not have the slightest doubt that they understand perfectly well that apart from pursuing its noble and transparent objectives, the West also seeks to undermine the Russian Federation’s influence there,” he said. The U.S. engages with Central Asia through the B5+1 process, which promotes Western investment by encouraging reforms to reduce trade barriers and streamline customs. Recently, Central Asian countries have signed agreements to improve trade regulation, and the U.S. has helped some countries upgrade their infrastructure. U.S. Ambassador to Kazakhstan Daniel Rosenblum has said in a statement: “In August ... the United States provided Kazakhstan’s Customs Service with advanced Dell Technologies Inc. servers to help make border procedures more efficient. “Adopting innovative technologies will streamline processes, enhance accuracy, improve transparency, and foster a business-friendly environment, attracting more investors and boosting economic growth,” Russia's war in Ukraine has weakened the Kremlin’s ability to pressure Central Asian states to follow its wishes. Russia depends on covert trade through Central Asia to bypass sanctions and get goods for its war. Meanwhile, China is supplying dual-use technologies to Russia and has overtaken Russia as the leading trade partner for Central Asian countries. In his remarks, Lavrov called China “a reliable partner” but didn’t mention it in the context of Central Asia’s growing trade dynamics.

Turkish Contractors Implement New Large-Scale Projects in Turkmenistan

The Turkish Ministry of Trade has reported that construction projects valued at $53.3 billion are being implemented in Turkmenistan; signifying Turkey's significant presence in this sector of the country. By comparison, the total value of projects implemented by Turkish contractors in Russia amounted to $102.3 billion, making it the largest market for the Turkish sector, whilst in Kazakhstan, its market share is  $29.5 billion. Statistics show that 13.9% of all realized foreign projects are related to the construction of highways, tunnels, and bridges, while 13.8% are for housing; 8.6% for power plants; 7.1% for shopping centers; and  6.6% for airports. In 2024, Turkish contracting companies completed 148 projects abroad worth $11.2 billion, while 433 international projects totaling $28.1 billion were completed last year. The average value of projects increased from $64.9 million in 2023 to $75.7 million in 2024. Following a meeting on September 2, between the National Leader of the Turkmen people, Gurbanguly Berdimuhamedov and Chairman of the Board of  Erman Ilydjak,  a new shopping center will be built in Ashgabat by Turkish company Rönesans Holding.

The Onset of “Friend-Shoring” in Central Asia

As Central Asia’s significance for global supply chains grows, the world’s major economic powers are seeking closer economic ties with the region’s countries. China, Russia, and the West all curry favor through investments and initiatives to bolster the region’s exports and secure their supply chains. Bordering China and Russia, Central Asia spans a land surface area corresponding to 87% the size of the entire European Union (EU). The region has a combined market of 76 million people and gross domestic product of 450 billion U.S. dollars. It is critical to global energy supply chains as it possesses 20% of the world's uranium reserves, as well as 17.2% of total oil and 7% of natural gas deposits. Kazakhstan produces over half of the EU’s critical raw materials,  i.e. substances used in technology which are subject to supply risks and are hard to replace with substitutes. In the first seven months of 2024, rail cargo across the Middle Corridor, a trans-Caspian trade route linking China to Europe, has increased 14-fold compared to the same period last year. As the region opens up and undergoes significant economic transformation, supply chains are increasingly directed there, sparking competition for control over its vast natural resources and production capabilities. Major economic powers are stepping in to strengthen bilateral ties to ensure reliable trade partnerships. These strategies, known as “friend-shoring,” aim to reduce geopolitical risks, enhance supply chain stability, and transform Central Asian countries into trusted allies by fostering strong bilateral relationships and deeper economic ties. China and Russia remain at the helm of regional activity China has been actively engaging with Central Asian countries through strengthening economic ties and building strategic partnerships. Through the Belt and Road Initiative (BRI), which aims to enhance infrastructure and trade connectivity across the region, China has helped strengthen the region’s rail network. China supplies equipment and invests in Uzbekistan’s electric vehicles, scooters, and leather production. Uzbekistan, in partnership with PowerChina and Saudi company ACWA Power, is also constructing the country’s first green hydrogen plant. Kyrgyzstan’s bilateral trade with China was up 30% in 2023 compared to 2022. This year, Turkmenistan has surpassed Russia in gas exports to China. In 2023, Kazakhstan's agricultural exports to China doubled to $1 billion compared to 2022, making China the largest importer of agricultural products from the country. Historically, Russia has been a major trading partner for Central Asian countries due to the Soviet legacy of a command economy, which established strong economic interdependencies that persisted in post-USSR period. While the region is aggressively diversifying its trade relationships, Russia is increasing gas supplies and energy infrastructure investments, specifically in renewables and nuclear facilities. Kazakhstan delivers most of its oil to Europe through Russia. Russian-led organizations, including the Eurasian Economic Union (EAEU) and the Commonwealth of Independent States (CIS), promote cooperation and economic integration with free movement of goods, services, and capital among member states. Russia's war against Ukraine has disrupted supply chains, but it has also opened up new trade opportunities, especially for Kazakhstan, as...

Afghanistan Increases Electricity Imports from Turkmenistan With New Substation

Afghanistan is on track to increase its electricity imports from Turkmenistan significantly. According to a spokesman from Afghanistan's Ministry of Energy and Water, Matiullah Abid, the 500-kilovolt Arghandi substation is expected to be completed in the next two months. Once the substation is completed, this project and other lines will allow Afghanistan to import up to 1,000 megawatts of electricity from Turkmenistan, alleviating the country’s chronic electricity shortage. Abid emphasized the rapid progress being made on the construction. Once the building phase is finished, electrical equipment installation will begin. According to the Afghan publication TOLOnews, the total cost of this project is $183 million, and it will be completed within two years. Afghanistan's acting Minister of Energy and Water, Abdul Latif Mansoor, stated that officials from the company investing in the Arghandi substation project emphasized that creating investment facilities is crucial for increasing the country's energy production capacity. In January of this year, the electricity company “Da Afghanistan Breshna Sherkat” (DABS) signed a contract with Turkmenistan to supply 1.8 billion kilowatt hours (kWh) of electricity to Afghanistan. The Afghanistan Chamber of Commerce and Industry said that the electricity supply price from Turkmenistan is low.

Sri Lanka Explores Deepening Ties with Central Asia

The Diplomat writes that on August 21, the Ministry of Foreign Affairs in Sri Lanka and The Geopolitical Cartographer, a Colombo-based think tank, organized a forum on Central Asia. Colombo has been eyeing Central Asia for quite some time and between 2011 and 2021, sent delegations to Uzbekistan and Kazakhstan. Apart from helping strengthen diplomatic ties, little else followed. The recent consultations mark a new phase in Sri Lanka’s relations with the region. Amid the war in Ukraine and rising tensions in the Middle East and Eurasia, both Sri Lanka and Central Asia are adjusting their foreign policies, and all five Central Asian states are balancing their positions, avoiding outright support for Russia while trying not to upset Moscow. “Given the many parallels in the foreign policies of Central Asia and South Asia, particularly India, does Sri Lanka’s Central Asia gambit make sense? Sri Lanka and Central Asia - seem to be placed in a positive conjuncture, a crossroads in their histories, that has made a strategic alliance both feasible and plausible,” reported Uditha Devapriya, author of the article. At the August meeting, Sri Lankan Foreign Ministry official Sashikala Premawardhane drew attention to critical issues in relations with Central Asia, particularly trade. Sri Lanka’s trade with the region is modest. Between 2011 and 2020, exports to Central Asia only twice exceeded $20 million and surpassed $10 million with a single country just once, in 2014 with Uzbekistan . In contrast, Sri Lanka imported $21 million of goods from Uzbekistan in 2015 alone. P. K. Balachandran, an Indian foreign policy analyst based in Colombo, contends that Sri Lanka needs to stabilize its relations with neighboring South Asian countries, particularly India, before it can consider Central Asia. Rathindra Kuruwita, a Sri Lankan foreign policy commentator and a regular contributor to The Diplomat, voiced his agreement, stating, “India is engaging more constructively with the [Central Asia] region. Whether Sri Lanka can match Delhi’s clout and influence is a big question and at best, highly debatable.” So, how can this island strengthen its relations with the region? Bilateral trade and diplomatic ties are important, but should be complemented by other strategies. One potential avenue could be sport. Central Asia and Sri Lanka share a platform for volleyball, Sri Lanka’s national sport and February 2022, Sri Lanka hosted the Central Asian Volleyball Association. While cultural exchanges can’t replace economic ties, sports like volleyball and Elle (similar to baseball) attract young, open-minded people and according to Pasindu Nimsara Thennakoon, a school volleyball player from Ratnapura, offer a cost-effective way to connect with other regions. Another obvious, if challenging, route to strengthening ties is through Central Asia’s outreach to South Asia: India. Multilateral platforms like the SCO also offer opportunities, albeit dominated by China, Russia, and India, but Sri Lanka’s relationship with India, which has had its share of controversies, entered a new phase after the 2022 crisis. Central Asia is considering energy connections with India. Still, given the backlash, such as the lawsuit against Adani Group’s...