• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 115 - 120 of 531

Turkmenistan’s Gas Swap Deals Could Be Collateral Damage from Israeli-Iran Conflict

Turkmenistan has the fourth largest reserves of natural gas in the world, but the country has found it difficult to export substantial volumes. Lack of export pipelines are one of the problems and it seemed Turkmenistan had partially solved this dilemma by arranging gas swap deals. Unfortunately for Turkmenistan, these deals involve Iran as the key country, and the Israeli-Iran conflict sheds new doubt on the ability of Iran to fulfill its part in the swap arrangements. So Close Turkmenistan signed a deal to supply 10 billion cubic meters (bcm) of gas annually to Iraq in late October 2024. It was the first major gas export deal Turkmenistan had signed in nearly two decades. That last big agreement was signed with China in 2006. It involved building four gas pipelines from Turkmenistan to China to eventually carry a combined 85 bcm of gas, 65 bcm of which would be Turkmen gas. Since the pipelines cross through Uzbekistan and Kazakhstan, both of those countries are allotted 10 bcm each of the capacity for their gas exports. The fourth branch that would have carried 30 bcm of Turkmen gas has not been built, leaving Turkmen gas exports to China averaging 35 bcm per year. At the moment, China is the only major customer for Turkmen gas. The second largest buyer of Turkmen gas is Uzbekistan, which only purchases about 2 bcm. Not even 20 years ago, Russia was purchasing more than 40 bcm of Turkmen gas, but by 2023 that had dwindled to 5.5 bcm, still leaving Russia as the second largest buyer of Turkmen gas. In July 2024, after negotiations over price broke down, the two parties chose not to renew that contract. That made the agreement with Iraq all the more important for Turkmenistan. However, there are no pipelines connecting the two countries. Yet So Far The Turkmen-Iraqi agreement calls for Turkmenistan to ship 10 bcm of gas to Iran, with Iran then sending 10 bcm of its gas to Iraq. Iran needs gas for its northern regions that are not connected to the domestic pipeline network that sources gas from the fields of in the south of the country. Turkmenistan has two pipelines to export gas to Iran. Both were built after independence in 1991, and could carry up to a combined 20 bcm. Since January 2017, when the Turkmen government made good on a threat to cut off Iran over unpaid bills for gas, almost no gas has been shipped through these pipelines. The first task is to perform maintenance, repairs, and upgrades on these pipelines so that Turkmenistan can physically send 10 bcm of gas to Iran. The Iranian pipeline to Iraq is functional. Iran was exporting gas to Iraq, but international sanctions on Iran hindered Iraq’s ability to pay for that gas. Prior to the agreement with Iraq, Turkmenistan signed a contract in early July 2024 with Iranian officials for the transfer of gas. It is unclear how far along Turkmenistan is in performing its pipeline...

XI Jinping’s Five Points: How China Is Looking To Reshape Central Asia

The second China-Central Asia summit on June 17, held in Astana, Kazakhstan, underscored the strengthening ties between China and the region. This event marked a significant milestone in solidifying the China-Central Asia cooperation framework with the signing of the Treaty on Eternal Good-Neighborliness, Friendship, and Cooperation. Experts note that Central Asian countries, once unable to adopt an intra-regional treaty, collectively reached this broader agreement with China. The summit also featured a range of side events, including the Energy Forum “Energy of Central Asia - China,” the Forum on Humanitarian Exchange, the Second Forum on Industrial and Investment Cooperation, and the Central Asia-China Business Council meeting, among others. These gatherings highlighted cooperation in energy, trade, and cultural exchange, reflecting China’s deepening influence in the region. Kazakh President Kassym-Jomart Tokayev praised China’s approach to equal partnership, stating that relations between the two nations are “stable and free from the negative impacts of geopolitical challenges and shocks as well as the international circumstances. China has never imposed any political conditions regarding cooperation with Kazakhstan.” “This is a very important point, Kazakhstani Sinologist Adil Kaukenov explained, “as the head of state, being at the forefront of Kazakhstan's foreign and domestic policies, faces political games, manipulation, and pressure at various levels, which require considerable restraint, experience as a statesman, and popular support to overcome.” During the summit, the heads of the Central Asian states articulated their priorities for cooperation with China. Kazakhstan emphasized projects like the creation of a joint cargo terminal in the port of Kuryk on the Caspian Sea, cooperation in the fields of nuclear energy and artificial intelligence, and counteracting international cybercrime. Kyrgyzstan focused on security, transport, e-commerce, energy, and tourism. Tajikistan prioritized industrial development, trade, food security, and green economy initiatives. Uzbekistan, meanwhile, sought the further integration of Afghanistan into the region, and proposed an “Electronic Silk Road” trade platform, and the development of a long-term strategy called the “Central Asia-China Industrial and Infrastructure Belt.” Chinese President Xi Jinping used his address to outline five key points that shape China’s vision for the future of its relationship with Central Asia. “Our cooperation is rooted in more than two thousand years of friendly relations, consolidated by the solidarity and mutual trust that has been established for 30 years since the establishment of diplomatic relations, and has made great progress thanks to mutually beneficial cooperation in the new era,” Xi stated in his keynote speech. According to Xi, China considers Central Asia one of the priorities of its foreign policy, and this building of peaceful, inclusive partnerships was marked by the historical milestone of the signing of the treaty at the summit. “We will improve the architecture of cooperation, which is characterized by pragmatism, efficiency, and deep integration,” the Chinese president said, adding that 2025–2026 have been declared the Years of High-Quality Development of China-Central Asia Cooperation. This initiative will focus on trade, transport connectivity, green energy, agriculture, and technology. Notably, China pledged 1.5 billion yuan ($208 million) in grants for projects aimed...

Citizens of Central Asia Face New Entry Restrictions To Russia and the U.S.

Citizens of Central Asian countries are encountering a wave of new travel restrictions from two major global powers, Russia and the United States. In recent weeks, Moscow and Washington have both introduced or expanded measures that complicate entry for citizens of the region, raising concerns about migration rights, bilateral relations, and regional security. Russia Tightens Border Rules Starting June 30, 2025, citizens from visa-free countries, including Kazakhstan, will be required to obtain a special QR code to enter Russia. The code must be secured in advance via the Gosuslugi RuID app, at least 72 hours before travel, or four hours in emergency cases. The app is not yet operational, but Russian Prime Minister Mikhail Mishustin has confirmed its planned launch on the same date. While Russia maintains visa-free arrangements with over 30 countries, including Argentina, Brazil, Israel, and all CIS members, these new digital entry requirements apply broadly. Exceptions include citizens of countries already subject to visa regimes, diplomats, and citizens of Belarus, a Union State member. Additionally, as of January 1, 2025, the allowable visa-free stay in Russia for citizens of these countries has been reduced from 90 days per half-year to 90 days per calendar year. Many Kazakhstani travelers fear that the new rules will result in long queues and technical delays at border crossings. More broadly, critics point out that the move undermines the spirit of the Eurasian Economic Union (EAEU), whose member states, Kazakhstan, Kyrgyzstan, Armenia, Belarus, and Russia, are supposed to enjoy facilitated mobility. Response to the Crocus City Hall Attack The changes come in the wake of the March 22, 2024 terrorist attack at Moscow’s Crocus City Hall, which left at least 145 dead and more than 500 injured. The suspects in the attack were reportedly citizens of Tajikistan, sparking a wave of anti-migrant sentiment in Russia. According to Temur Umarov, a Berlin-based political analyst at the Carnegie Center, Russian authorities are prioritizing security over economic necessity. "Russia is doing everything possible to reduce the number of migrants from Central Asia," he said, noting the vital role these workers play in several Russian industries. Regional Backlash Public figures and officials in Kyrgyzstan, Uzbekistan, and Tajikistan have expressed frustration over Russia’s tightened migration policy. In Kyrgyzstan, the Ministry of Foreign Affairs lodged a formal protest with the Russian ambassador following a widely publicized incident in which Kyrgyz citizens were forcibly removed from a Moscow bathhouse. Member of Parliament Zhana Akayev strongly condemned the treatment of Kyrgyz nationals: “Partners and allies do not behave like this. They are humiliating our citizens,” he said. Tajik Foreign Minister Sirojiddin Muhriddin criticized Russia’s approach as inhumane and called for migration policies that respect mutual interests and fundamental rights. In Uzbekistan, several bloggers have gone further, calling for entry bans on Russian public figures, including Foreign Ministry spokeswoman Maria Zakharova, for alleged chauvinistic remarks. Kazakhstan has taken a more measured stance. Aibek Smadiyarov, a spokesman for the Kazakh Foreign Ministry, emphasized that the QR code system does not constitute a...

Israel Strikes Mashhad, an Iranian City Near Turkmenistan and a Hub for Central Asia Trade

Mashhad, a northeastern Iranian city near the border with Turkmenistan and a significant hub for trade with Central Asia, is among the targets hit by the Israeli military in the intensifying conflict between Israel and Iran. The Israeli military said a strike on Mashhad’s airport on Sunday was the furthest since it launched airstrikes on Iran, including nuclear facilities, on June 13 and Iran promptly retaliated. The attack on the city highlights the potential fallout for some countries in Central Asia that do business with Iran across the border with Turkmenistan. “The IAF (Israeli Air Force) struck an Iranian refueling aircraft at Mashhad Airport in eastern Iran, approximately 2,300 kilometers from Israel. The IAF is operating to establish aerial superiority over Iranian airspace. This marks the longest-range strike conducted since the beginning of Operation Rising Lion,” the Israeli military said on X. Mashhad, which has a population of up to 3.5 million, is Iran’s second most populous city after the capital Tehran, which has nearly 10 million people. The northeastern city is an Islamic pilgrimage site and is the birth place of Ayatollah Ali Khamenei, Iran’s supreme leader. U.S. President Donald Trump said on social media on Tuesday that “we know exactly” where Ayatollah Khamenei is hiding and that he is an “easy target” even if he is safe for now. Trump has also demanded Iran’s “unconditional surrender,” though it was unclear whether his comments meant the U.S. could directly join Israel’s military campaign against Iran. While the whereabouts of Iran’s supreme leader are not publicly known, Mashhad and other major Iranian cities have been thrown into turmoil by the Israeli attacks. Some people have fled to other towns or places in the countryside that they think might be safer. Flights have been canceled and there are reports of widespread internet disruptions. Mashhad is about 75 kilometers from the nearest point on the border with Turkmenistan, and a driving distance of about 275 kilometers to Ashgabat, Turkmenistan’s capital to the northwest. Last month, Iran and Turkmenistan signed an agreement aimed at increasing bilateral trade to $3 billion, the Tehran Times reported. The neighbors also agreed to establish joint free trade zones, build up border markets, ready a bilateral gas contract and take other steps to develop economic cooperation. In April, Iran and Turkmenistan agreed to start a cross-border passenger train as a way to strengthen economic ties. The route would link Mashhad with Merv, a city in Turkmenistan. The extent of disruption to these economic plans is unclear as fighting between Israel and Iran continues. Fears of a wider war are circulating and numerous countries, including those in Central Asia, have appealed for an end to hostilities.

China Strengthens Partnerships Across Central Asia at Landmark Summit

Chinese President Xi Jinping’s visit to Astana on June 16, ahead of the Second China-Central Asia Summit, marked a significant milestone in fostering deeper partnerships between China and Central Asia. With all of the region’s nations in attendance, the summit saw agreements signed across sectors such as energy, infrastructure, agriculture, and technology, solidifying China’s growing influence in the strategically vital region. According to Kazinform, China and the Central Asian nations are poised to finalize over 35 memorandums collectively valued at more than $17 billion during the second China-Central Asia Business Council meeting in Astana on June 17. A Lavish Welcome and Key Agreements [caption id="attachment_33021" align="aligncenter" width="2560"] Image: Akorda[/caption] Xi Jinping arrived in Astana amid unprecedented pomp and ceremony, including an honor guard, traditional dances, children in national costumes, and an escort of Kazakh Air Force fighter jets. This grand welcome highlighted the importance of the China-Kazakhstan partnership. During talks with Kazakh President Tokayev, the two leaders oversaw agreements spanning areas such as energy, space, agriculture, intellectual property, tourism, healthcare, science, and the digital economy. Tokayev spoke about Kazakhstan’s plans to build several nuclear power plants, including one with the involvement of China National Nuclear Corporation (CNNC). Characterizing CNNC as a “reliable strategic partner,” he also emphasized Kazakhstan’s role as a supplier of natural uranium and nuclear fuel to China. “CNNC is known worldwide for its high competence, so it will certainly occupy a worthy niche in our market,” Tokayev stated. Infrastructure development under China's Belt and Road Initiative (BRI) also took center stage. Plans to modernize logistics corridors, simplify customs procedures, and build new border facilities were discussed, reinforcing Kazakhstan’s role as a critical transit hub. The bilateral meeting was preceded by joint events, where business leaders from both nations signed dozens of agreements, including a $1 billion loan from the China Development Bank to the Development Bank of Kazakhstan. Another significant agreement saw Kazakhstan partnering with CNNC, Xiamen Wanli Stone, and the Satpayev Institute of Geological Sciences to explore cross-border ore belts and uranium extraction. Kazakhstan’s Role as a Regional Leader Kazakhstan has become central to China’s regional strategy, a focus reinforced during Xi Jinping’s visit, where Tokayev described China as a “close friend and reliable partner.” Kazakh Deputy Prime Minister and Minister of the National Economy, Serik Zhumangarin, meanwhile, highlighted the increasing significance of cooperation in agriculture and logistics within the region. “Central Asia is a key region for the development of dryland farming in the world. Currently, the countries of the region are actively promoting and diversifying the export of organic agricultural products to the Chinese market. Camel milk from Kazakhstan, cherries from Uzbekistan, dried fruits from Tajikistan, honey from the Kyrgyz Republic, and cotton from Turkmenistan are increasingly entering the Chinese market and are highly appreciated by consumers,” he stated. Zhumangarin also stressed the critical role of transport infrastructure in facilitating connectivity. At present, over 80% of land transportation between China and Europe passes through Kazakhstan. “We are interested in further deepening cooperation within China’s...

Is Central Asia China’s Backdoor to Global Power?

As Russia remains preoccupied with the war in Ukraine and the United States is focused on the ongoing Israel-Iran conflict, China is seeking to increase its presence in Central Asia. In the current circumstances, the European Union and Beijing appear to be the most active players in the strategically important region; but who is in a better position? Central Asia has become a region where various foreign powers are competing for influence. On June 5, New Delhi hosted the 4th India-Central Asia Dialogue, during which the foreign ministers of the regional nations, along with their Indian counterpart, Subrahmanyam Jaishankar, discussed anti-terrorism cooperation amid rising regional extremism. Earlier, on April 3–4, the European Union sought to expand its ties with the region through the EU–Central Asia Summit format. Given China’s extensive economic cooperation with Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan, and Tajikistan, it is unsurprising that Beijing is seeking to strengthen its strategic influence in the region. The 2nd China-Central Asia Summit, taking in Astana on June 16-17, is yet another opportunity for Beijing to demonstrate that it has the capacity to position itself as an alternative to the growing European presence in the region. According to Dr. Habib Al-Badawi, Professor of International Relations at the Lebanese University, China is also aiming to limit the influence of other powers in the region – especially the United States, and to a lesser extent, Russia. “Moscow appears to accept China's growing economic dominance while trying to maintain its traditional security role. However, Beijing's expanding presence represents a long-term challenge to Russia's historical sphere of influence in the region,” Dr. Al-Badawi told The Times of Central Asia, emphasizing that Moscow and Beijing are more inclined to cooperate rather than compete in the region. Mark N. V. Temnycky, a Nonresident Fellow at the Atlantic Council’s Eurasia Center, believes that Moscow is showing a high degree of tolerance toward Beijing’s increased economic, energy, and security presence in Central Asia. Both countries, in his view, share similar objectives in the region, where they act as major trading partners and energy suppliers. The European Union seems to be their major rival in the Central Asia. In Dr. Al-Badawi’s view, unlike the EU that is “solely pursuing the region’s critical minerals,” China appears focused on broader economic integration through infrastructure development and trade partnerships. Dr. Tugrul Keskin, Professor at Cappadocia University and Moderator of Global China Academic Network, seems to share this view. “Beijing’s objectives in Central Asia are driven by a blend of strategic, economic, and security imperatives. While access to critical minerals – including rare earth elements vital for green technologies – is an emerging interest, it is not the primary driver. Unlike the European Union, whose recent engagement has focused heavily on securing raw materials, China’s approach is more comprehensive. It aims to shape the region’s long-term political alignments and economic structures in ways that favor Chinese leadership and diminish Western influence,” Dr. Keskin told The Times of Central Asia. At the same time, Beijing is actively increasing...