• KZT/USD = 0.00221
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
26 October 2026

Viewing results 19 - 24 of 437

Rubio to Lead Major U.S. Business Delegation to Uzbekistan for C5+1 Talks

U.S. Secretary of State Marco Rubio will lead a delegation including executives from more than 100 American companies to Uzbekistan in October. The visit will bring a substantial business contingent to talks with Central Asia’s foreign ministers in Samarkand. Sergio Gor, the U.S. special envoy for South and Central Asia, announced the visit in a statement published by the U.S. Embassy in India. Gor said the talks would focus on “deepening regional economic connectivity, enhancing energy security,” alongside cooperation on shared regional priorities. The delegation is expected in mid-October, alongside a C5+1 ministerial meeting. The C5+1 format brings together the United States and Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Bringing executives from more than 100 companies gives Rubio’s visit a substantial commercial component. The delegation’s composition should indicate which sectors Washington is ready to back following last year’s C5+1 agreements. In November 2025, Rubio announced his intention to visit all five Central Asian countries in 2026. Speaking ahead of the Washington C5+1 summit, he suggested such a tour could take a week. The Samarkand announcement gives a destination and timeframe for his regional engagement, although it does not establish an itinerary covering all five states. President Donald Trump hosted the five Central Asian presidents in Washington on November 6, 2025. Commercial agreements featured prominently in the summit, reflecting a greater focus on investment within the C5+1 framework. The U.S. Commerce Department said the “Deal Zone” business event held alongside the November 2025 C5+1 summit featured more than $25 billion in announced commercial deals. Air Astana’s agreement covered up to 15 Boeing 787-9 aircraft, comprising five firm orders, five options, and five purchase rights. Tajikistan’s Somon Air announced plans to acquire up to four Dreamliners and ten 737 MAX jets. Uzbekistan Airways finalized an order for eight additional Boeing 787-9 aircraft during the summit. Boeing said the purchase brought the airline’s total order to 22 Dreamliners, converting options from an earlier agreement into firm orders. In mining, Cove Capital and Kazakhstan’s Tau-Ken Samruk agreed to develop the Severny Katpar and Verkhne Kairakty tungsten deposits. The projected $1.1 billion investment includes two processing plants and a metallurgical facility. Kazakhstan’s technology announcements included a memorandum for $2 billion in advanced AI-chip procurement, involving NVIDIA, Freedom Holding, and the country’s digital ministry. Critical minerals cooperation has also advanced since the Washington summit. During a February 4 visit to the U.S. capital, Uzbek Foreign Minister Bakhtiyor Saidov attended a ministerial meeting devoted to the sector and held talks with Rubio. Saidov and U.S. Deputy Secretary of State Christopher Landau signed a memorandum on mineral supplies, covering the mining and processing of critical minerals and rare earths. Uzbekistan’s Foreign Ministry said the country was seeking foreign technology and investment to develop the industry, with an emphasis on value-added production. For Tashkent, the unresolved question is how much mineral processing American investors will finance inside Uzbekistan. October’s talks could clarify whether February’s memorandum will lead to domestic processing facilities, allowing the country to retain more of the...

At the UN, Mirziyoyeva Champions “Human Dignity” as Central Asia Seeks a Greater Voice

Uzbekistan called for a more effective United Nations and sought support for its Security Council candidacy during the General Assembly’s September 23 debate. Delivering the national address, presidential administration chief Saida Mirziyoyeva urged countries to work together despite deepening international divisions. “Our choice is human dignity,” said Mirziyoyeva. “Openness does not mean weakness.” Speaking in Uzbek at the Assembly’s 81st session in New York, she argued that a country’s strength should be judged by its ability to protect people’s rights and interests. The message offered a basis for cooperation beyond competing geopolitical camps, with particular emphasis on young people’s opportunities to study and shape their futures. [caption id="attachment_56825" align="aligncenter" width="1774"] Image: Saida Mirziyoyeva/Telegram[/caption] A Larger Role at the UN Mirziyoyeva sought support for Uzbekistan’s candidacy for a nonpermanent Security Council seat in 2035–2036. She also highlighted the country’s forthcoming chairmanship of the Non-Aligned Movement in 2027, presenting it as an opportunity to widen dialogue during a period of international tension. She backed the secretary-general’s UN80 reform initiative and an expanded Security Council, arguing that the organization needed greater capacity to prevent conflict and implement its decisions. Her appeal was for international rules that apply consistently, rather than changing with the interests of powerful states. That concern also ran through Kyrgyz President Sadyr Japarov’s address, although he focused on unilateral sanctions and their impact on developing countries. The two speeches approached the issue differently, but both sought stronger multilateral protections for states with limited influence over the restrictions and conflicts affecting them. Kyrgyzstan has already secured its first Security Council seat for 2027–2028, giving Bishkek a vote on the sanctions and security decisions Japarov criticized. Afghanistan and Regional Cooperation Mirziyoyeva pointed to improving relations among neighboring Central Asian states as evidence that political will can help resolve longstanding disputes. She said disagreements over borders and water had increasingly given way to cooperation, with countries coming to see one another as partners. She applied the same argument to Afghanistan, warning against treating the country solely as a source of danger or abandoning its people to their difficulties. Her emphasis was on giving Afghans the prospect of peaceful development. Kazakhstan’s UN agenda also extends to Afghanistan through the regional Sustainable Development Goals center in Almaty, established to serve Central Asia and Afghanistan. Alongside its longstanding nuclear disarmament priorities, Kazakhstan is promoting cooperation on water security and has proposed an international water organization within the UN system. Measuring Progress in People’s Lives Mirziyoyeva linked her foreign policy message to Uzbekistan’s domestic reforms, citing economic growth and wider access to education. She said the economy had expanded from $50 billion to $147 billion over a decade and that poverty had fallen to 4%, presenting the figures as evidence of improvements in living standards. “The true value of reforms is reflected in people’s lives. Especially in children’s lives,” she said. She outlined forthcoming discussions with the UN Population Fund on demographic stability and human capital, and an international gathering in Samarkand in October focused on children’s...

Central Asia at the UN: Iran Threats and Sanctions Disputes

U.S. President Donald Trump’s threat to “annihilate” Iran brought the vulnerability of Central Asia’s southern trade routes into focus as the UN General Assembly’s general debate opened in New York. Kyrgyz President Sadyr Japarov challenged unilateral sanctions, while diplomacy over Ukraine raised the prospect of a halt to attacks on energy infrastructure. For landlocked Central Asia, these developments carry consequences far beyond the speeches. Iranian ports provide access to overseas markets, Kyrgyzstan and Tajikistan rely heavily on fuel from Russian refineries, and restrictions on international payments can complicate commerce even where transport links remain intact. Iran and Access to the Sea Addressing the General Assembly on September 22, Trump presented a choice between reaching an agreement with Tehran and carrying out his threat to “annihilate the Islamic Republic and do it quickly.” He also predicted that an agreement could follow the U.S. midterm elections, while defending U.S. military action against Iran. [caption id="attachment_56719" align="aligncenter" width="1774"] Image: UN[/caption] That framing leaves Central Asian countries facing costs regardless of their position on Tehran. Iran provides overland connections to ports serving the Persian Gulf and Indian Ocean. Damage to Iranian infrastructure can therefore disrupt trade between Central Asia and countries that are not parties to the conflict. Uzbekistan’s exposure illustrates the distinction. According to its Ministry of Economy and Finance, goods worth $3.9 billion entered Uzbekistan through Iran in 2025. That represented about 9% of total imports, including approximately $1 billion in technological equipment. Uzbek exports transiting Iran were worth another $1.4 billion. Those figures measure transit, not simply purchases from Iranian suppliers. Pressure intended to isolate Tehran can also obstruct Uzbekistan’s access to equipment and customers elsewhere. Kazakhstan has also sought a larger southern outlet. A 27-year agreement provides for a Kazakh transport and logistics terminal at Shahid Rajaee Port in Bandar Abbas. Kazakhstan’s Ministry of Trade says the project would expand access to Gulf markets and destinations in Asia and East Africa. The risks differ by port. Bandar Abbas faces the Strait of Hormuz, while Chabahar sits on the Gulf of Oman, outside the strait. Both depend on Iranian infrastructure and remain exposed to the wider conflict and sanctions environment. Developing alternative routes does not make these southern connections dispensable. Nor is exposure uniform. Kazakh officials have emphasized the limited existing role of Persian Gulf shipments in the country’s logistics. For Astana, the threat concerns future diversification as well as current trade. For Uzbekistan, the transit figures show a substantial flow already at risk. Tajikistan, meanwhile, has sought 2.55 million tons of Iranian crude oil and fuel following shortages in Russian supplies. Its search for an alternative leaves Dushanbe exposed to two conflicts, with attacks on Russian refineries disrupting its established supplier, and the conflict involving Iran threatening a potential replacement. Japarov Challenges Sanctions In his General Assembly address, Kyrgyz President Sadyr Japarov argued that unilateral sanctions harm smaller developing states and can become instruments of political pressure. “The right to impose sanctions against a particular state should, in our view,...

Central Asia at the UN: Saida Mirziyoyeva to Represent Uzbekistan

Saida Mirziyoyeva, the head of Uzbekistan’s Presidential Administration and daughter of President Shavkat Mirziyoyev, is expected to deliver the country’s address at the UN General Assembly’s general debate in New York. Her appearance comes as Central Asian delegations seek support for regional development and prepare for a larger role in UN diplomacy. On September 22, Gazeta reported that Mirziyoyeva would represent Uzbekistan in the debate. Her father delivered the country’s address last year. The report did not specify the proposals she would present. Mirziyoyeva met UN Secretary-General António Guterres on September 21. Her public account described discussions on cooperation with the UN, but provided no detailed negotiating agenda. The assignment follows her appointment as administration chief in June 2025, when the president restored a post abolished two years earlier. She had previously served as his assistant. This month, Mirziyoyev also appointed her to head the planned Tashkent International Financial Centre, which aims to attract private capital through tax incentives and a legal framework drawing on English common law principles. Mirziyoyeva’s UN appearance adds a major diplomatic assignment to her domestic responsibilities. She has addressed UN events before, including a water conference in 2023. Delivering Uzbekistan’s national statement in the General Assembly would give her a broader platform to present government policy. What is On the Agenda The general debate runs from September 22 to 26 and resumes on September 28. It is the centerpiece of the General Assembly’s high-level week, when world leaders address the UN and hold bilateral talks on the sidelines. The gathering is based at UN headquarters in New York, with additional events around the city. This year’s theme is “Restoring trust, managing transformation: A United Nations that delivers for all.”  Practical discussions include reforming the organization and financing development. The European Council’s published priorities call for a more effective, cost-efficient UN and stronger international peace and security mechanisms. The week also brings diplomacy over the war in Ukraine. Volodymyr Zelenskiy is due to meet U.S. President Donald Trump in New York to press for a halt to attacks on energy infrastructure, Reuters reported. Those talks take place amid continuing strikes on power facilities and refineries. The week’s program includes separate meetings on climate action and a just transition on September 23, according to Kazakhstan Today. Pandemic prevention and preparedness will be discussed on September 25. Central Asia in New York The region’s countries are attending at different political levels. Kyrgyz President Sadyr Japarov is in New York after visiting Utah. His announced program combines participation in the UN gathering with meetings with national leaders and U.S. businesses. On September 21, Japarov met financial services group StoneX. The meeting produced memoranda involving Kyrgyzstan’s Finance Ministry and Eldik Bank, following discussions about precious metals trading and access to international financial services. Kyrgyzstan is also preparing for its 2027–2028 Security Council term. In a recent interview with The Times of Central Asia, Shumkarbek Adilbek uulu, director of the National Institute for Strategic Initiatives, described efforts to secure financing for...

South Korea Steps Up Central Asia Critical Minerals Push

The first South Korea–Central Asia summit, held in Seoul on September 16, capped three days of bilateral meetings that produced more than 70 agreements and memorandums. The leaders agreed to meet every two years, a separate C5+1 forum for industry ministers was established, and critical minerals took a central place on the new agenda. The main question now is how many of those documents will translate into mines, processing plants, and long-term contracts. South Korea needs reliable supplies of metals for its automotive, electronics, battery, and energy industries. Central Asia wants to use that demand to develop domestic processing and reduce its reliance on raw material exports. Seoul proposed combining the region’s resources with its own exploration, mineral processing, and manufacturing technologies. President Lee Jae Myung spoke of cooperation across the production chain, from identifying deposits to manufacturing finished products. Rare metals centers being established at key locations in Central Asia are intended to support joint research and specialist training. Until now, South Korea has worked with the region’s countries largely through bilateral ties. The new C5+1 format adds a regional mechanism to those relationships. Kazakhstan will host the next summit in 2028. Kazakh financier and analyst Rasul Rysmambetov believes the value of the new format will depend on the region’s ability to secure tangible industrial results. He sees South Korea as an attractive partner because of its experience with rapid industrialization and its strengths in building industrial facilities. “The priority for Central Asia is to stop selling raw materials. We need to establish processing in the region. The heads of state’s visit to Seoul was highly productive. In fact, all summits in similar formats have been productive. The main question now is how to move away from exporting raw materials and toward joint industrialization,” Rysmambetov told The Times of Central Asia. Uzbekistan put forward a broader regional proposal. President Shavkat Mirziyoyev called for an investment alliance for critical minerals, with processing clusters bringing together exploration, mining, and the production of high-value goods. Uzbekistan and South Korea are already developing a joint rare metals center and have agreed to strengthen cooperation throughout the production chain. Kazakhstan offered Korean businesses a broader package covering rare metals, nuclear and clean energy, and artificial intelligence. Urban development was also part of the talks, including the Alatau Smart City project near Almaty. The countries upgraded their ties to a comprehensive strategic partnership and signed a memorandum on the peaceful use of nuclear energy. The energy agreements also cover conventional resources. In April, South Korea said it had secured 18 million barrels of Kazakh crude oil. In Kyrgyzstan, Korean organizations are working with their Kyrgyz counterparts to identify possible antimony and tungsten projects and strengthen exploration capacity. Tajikistan is also offering cooperation on antimony, as well as precious metals, building on the first Korea–Tajikistan Minerals Forum, which took place in August. The minerals agenda is complemented by Korean willingness to invest in transport and infrastructure. South Korea and Uzbekistan agreed to expand Korean participation in...

Central Asia’s First Korea Summit Produces Different Deals for Each Country

The first Central Asia-Republic of Korea Summit brought five countries to Seoul with very different records of working with Korean capital. Kazakhstan arrived with commercial agreements worth about $19 billion, while Uzbekistan is discussing multibillion-dollar financing through the state-owned Export-Import Bank of Korea. In Turkmenistan, Korean companies are expanding beyond their traditional role in the gas-chemical industry; Tajikistan is offering mineral resources; and Kyrgyzstan is establishing a dedicated government contact point to help attract Korean businesses. On September 16, the presidents of all five Central Asian states met South Korean President Lee Jae Myung together for the first time. Until now, the Korea-Central Asia Cooperation Forum, established in 2007, had operated mainly at a ministerial level. A permanent secretariat was established in 2017, and in 2020 the meetings were elevated to the level of foreign ministers. The leaders adopted the Seoul Declaration, agreeing to hold summits every two years, with Kazakhstan set to host the next in 2028. Ministerial meetings in the intervening years will review implementation and prepare the next summit’s agenda. The declaration also envisages Korea Desks across the five Central Asian countries to help businesses address administrative obstacles. The leaders expressed interest in combining Central Asian minerals with Korean technology to build joint production networks, and agreed to pursue measures to reduce non-tariff barriers. Seoul also sees Central Asia as part of its own industrial strategy. South Korea, one of the world’s leading producers of automobiles, electronics, batteries, and ships, needs stable supplies of energy and raw materials. Opening the summit, Lee spoke of combining the region’s resources with Korean exploration and processing technologies. Critical minerals, energy, and supply-chain resilience were among the main issues at the meeting. In 2025, South Korea’s trade with the five countries reached $10 billion for the first time: Korean exports totaled $8.67 billion, while imports from Central Asia amounted to $1.39 billion. Cumulative Korean investment in the region reached $6.48 billion. Kazakhstan and Uzbekistan continue to account for most of this trade and investment. The talks in Seoul showed how different the next step could look in each of the five countries. [caption id="attachment_56323" align="aligncenter" width="1774"] Image: Akorda[/caption] Kazakhstan: $19 Billion in Agreements and Large-Scale Industry Kazakhstan arrived at the summit with the largest announced commercial package. On September 15, a day before the regional summit, Kazakhstan and South Korea signed around 80 agreements worth approximately $19 billion through the Kazakhstan-Korea Business Council in Seoul. About $11 billion is associated with projects involving Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, which controls major state assets in oil and gas, energy, transport, telecommunications, and uranium mining. The $19 billion figure represents the value of signed agreements and announced projects at different stages of development. Behind the headline figure are several major industrial projects. QazaqGaz and Hyundai Engineering agreed to implement a gas processing plant at Karachaganak with an annual capacity of 5 billion cubic meters. KazMunayGas and Samsung E&A signed an agreement on expanding the Pavlodar refinery’s capacity to 9 million metric tons a...