• KZT/USD = 0.00224
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00224
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00224
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00224
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00224
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00224
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00224
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00224
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
16 September 2026

Viewing results 25 - 30 of 414

Turkmenistan, Azerbaijan Tighten Ties, Supporting Middle Corridor

The main maritime route between Turkmenistan and Azerbaijan is about 300 kilometers long, linking the area around the Azerbaijani capital of Baku on the west coast of the Caspian Sea to Turkmenbashi port on the east coast. Now the leaders of the two countries are pursuing a years-long effort to bring their nations closer together – economically and diplomatically. The growing cooperation has broader implications for international trade because the Caspian Sea route is a critical part of a trade network dubbed the Middle Corridor, which connects China and Europe via Central Asia, the Caucasus, and Türkiye. The Middle Corridor has become more important because Russia and Iran, two other countries that have Caspian coastlines, have seen their economies and trade links come under pressure because of war, regional tension, and sanctions. North of Turkmenistan, Kazakhstan also borders the sea and views it as a key alternative to more traditional trade routes through Russia that have become problematic because of Western sanctions aimed at punishing Moscow over its war with Ukraine. President Serdar Berdimuhamedov of Turkmenistan visited Azerbaijan earlier this week and was welcomed by President Ilham Aliyev, who noted the value of their governments’ collaboration on transport and logistics to the wider world. “Of course, cooperation between our countries in this area is already long-term, I would even say that it is of strategic importance not only for us, not only for our neighbors, but also for a wide geography,” Aliyev said on Monday. “Because today in the world there are not so many very reliable, safe transport routes connecting countries that cooperate with each other.” Aliyev thanked Turkmenistan for welcoming Azerbaijan into the Consultative Council of Heads of State of Central Asia, even though the South Caucasus country is not geographically part of Central Asia. The step, the Azerbaijani president said, recognizes cultural and historical ties as well as regional challenges, creating “the prerequisites for the recognition of the great Central Asia as a single geopolitical and geoeconomic region.” Turkmenistan’s state media said upgraded port facilities in Baku and Turkmenbashi were making the transit of cargo between Asia and Europe more efficient. The leaders of Azerbaijan and Turkmenistan signed deals on energy, trade, and agriculture during Berdimuhamedov’s visit. Several years ago, the two countries resolved a dispute over an offshore oil and gas field in the Caspian, agreeing to jointly develop it in a deal that removed a hurdle to warmer relations. There were also personal touches by the two men, both of whom succeeded their fathers as president. Berdimuhamedov laid flowers at the grave of Heydar Aliyev, a former Soviet official who became president of Azerbaijan and was succeeded after his 2003 death by Ilham, his son. The Turkmen president then paid tribute to Zarifa Aliyeva, a prominent ophthalmologist who was Heydar Aliyev’s wife and the mother of the current president. She died in 1985. On Thursday, after Berdimuhamedov´s visit to Azerbaijan, the Turkmen president’s father discussed “priority areas” of the relationship between the two countries in...

The Fragile U.S.–Iran Truce: What Central Asia Stands to Gain and Lose

The preliminary memorandum signed in mid-June between the United States and Iran, followed by renewed talks between Washington and Tehran, has extended a U.S.–Iran truce and opened a 60-day window for negotiations on a final agreement. The nuclear terms remain unresolved, while Israel’s continued military presence in southern Lebanon, despite U.S. pressure for a withdrawal, underscores how fragile the broader regional de-escalation remains. At the end of this period, the parties may sign a final agreement, return to hostilities, or mutually agree to extend the interim arrangement. Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan, along with neighboring Azerbaijan, have welcomed efforts to de-escalate the conflict between the United States and Iran. The fighting briefly boosted demand for alternative routes through Central Asia, but prolonged instability would disrupt trade, raise transport and insurance costs, and increase security risks. The question now is what the region could gain if the pause holds. Those effects would vary across the region. Turkmenistan and Uzbekistan stand to benefit most directly from safer southern rail access through Iran to the Persian Gulf and Türkiye. Kyrgyzstan and Tajikistan, which are less directly connected to these corridors and less exposed to oil price swings, would feel the consequences mainly through freight costs, fuel prices, and wider regional trade. For Azerbaijan, a sustained pause would reinforce its role as the Caspian link between Central Asia, the South Caucasus, and Türkiye, while renewed instability would push more freight toward Trans-Caspian alternatives. That interest is not merely theoretical. Tajik-Iranian trade reached $119.6 million in the first quarter of 2026, while Tajikistan and Kyrgyzstan are developing access to Iranian maritime infrastructure through Uzbekistan and Turkmenistan. The opportunity, however, is conditional. A truce can reduce military risk, but it does not by itself remove the banking, insurance, and compliance problems that have long complicated trade through Iran. For Central Asian exporters and logistics companies, the question is not only whether routes are physically open, but whether carriers, lenders, insurers, and buyers are prepared to use them during a temporary 60-day window. Analysts interviewed by Deutsche Welle said the framework leaves several important provisions unresolved, making a final agreement uncertain. For Central Asia, the most immediate economic variable is the Strait of Hormuz. Kazakh historian and political analyst Sultan Akimbekov identifies its reopening as the key to easing global supply fears. A durable reopening, combined with the temporary U.S. waiver allowing Iranian oil sales through August 21, could put downward pressure on global energy prices. The effects would vary across Central Asia: weaker prices could strain hydrocarbon revenues, while lower fuel, fertilizer, and freight costs could ease imported inflation in Uzbekistan, Kyrgyzstan, and Tajikistan. For Kazakhstan, lower global oil prices would have significant implications. National Bank Governor Timur Suleimenov has said oil generates more than 50% of the country’s export revenues and over 30% of the state budget and National Fund revenues. That would reverse one of the conflict’s few short-term economic benefits for Kazakhstan. Higher crude prices had briefly improved the outlook for export revenues,...

U.S.-Iran Framework Could Reopen Central Asia’s Southern Route

The United States and Iran said on June 15 that they had reached a framework to end their war, halt the U.S. naval blockade of Iranian ports, and reopen the Strait of Hormuz. The sides said a memorandum of understanding could be signed on June 19 in Switzerland. The exact terms were not immediately known, with Iran’s nuclear program and sanctions relief left for later talks. Pakistani Prime Minister Shehbaz Sharif said the pact called for “the immediate and permanent termination of military operations on all fronts, including in Lebanon.” Trump posted, on Truth Social, “Ships of the World, start your engines. Let the oil flow!” Brent crude fell by more than 4% in early trading, and Asian stock markets advanced. Reuters later said shippers remained cautious after one LNG tanker passed through Hormuz on June 15. A reopened strait would not restore normal traffic immediately, with freight flows depending on mine clearance, insurance rules, port inspections, and shipping guidance for vessels entering the area. Kazakhstan was the first Central Asian state to publicly welcome the latest announcement. President Kassym-Jomart Tokayev praised the political will of the parties, saying they had helped “restore trust and mutually acceptable solutions.” Azerbaijan also issued a supporting statement praising Pakistan’s mediation and saying further talks could support “lasting peace and stability.” Central Asian governments had previously welcomed the U.S.-Iran ceasefire in April, with Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan calling for de-escalation and diplomacy. For Central Asia, oil prices are only part of the story. The larger question is whether de-escalation can reopen practical access to southern trade routes, ports, and markets beyond the Caspian. Since Russia’s full-scale invasion of Ukraine in 2022, the region has paid closer attention to alternatives to routes through Russia. Iran offers one of its shortest paths to the Gulf, the Indian Ocean, Türkiye, and India. But sanctions, banking risk, war insurance, and U.S. policy shifts have kept that path fragile. Chabahar is the clearest example. In May 2024, India signed a 10-year contract with Iran to develop and operate the port on the Gulf of Oman. India’s shipping minister, Sarbananda Sonowal, called Chabahar “a vital trade artery connecting India with Afghanistan and Central Asian Countries.” The port allows Indian cargo to reach Afghanistan and Central Asia without crossing Pakistan, and gives Central Asian exporters another route toward India and the Indian Ocean. The sanctions picture remains uncertain. On October 30, 2025, Washington granted India a six-month waiver that allowed operations at Chabahar to continue. No public replacement had been announced by June 15. The new framework could make another waiver easier to justify, but banks and insurers will wait for signed text, U.S. guidance, and proof that Hormuz and Iranian ports are safe. Reuters cited a senior Iranian official who said the draft framework included no new U.S. sanctions before a final deal, a temporary oil sanctions waiver, and the release of $25 billion in frozen Iranian assets. The same source said Iran would refrain from further enrichment and...

CIS Official Warns Middle East Crisis Could Increase Migration Pressure on Turkmenistan

Growing instability in the Middle East could trigger large-scale migration flows that may affect countries bordering Iran, including Turkmenistan, according to a senior security official from the Commonwealth of Independent States (CIS). The warning was issued by Evgeny Sysoev, head of the CIS Anti-Terrorism Center, during a meeting of the heads of competent authorities of CIS member states, according to the Azerbaijani newspaper Bakinskiy Rabochiy. Sysoev said the worsening international situation, particularly developments in the Middle East, had created conditions that could lead to significant migration movements and a humanitarian crisis similar to those seen during conflicts in Libya and Iraq. While all CIS countries could face consequences from such a scenario, he said the greatest pressure would likely fall on states sharing borders with Iran, specifically Armenia, Azerbaijan, and Turkmenistan. The comments come as regional governments closely monitor the wider effects of instability in the Middle East. Turkmenistan, which shares a 1,148-kilometer border with Iran, is one of the countries most directly exposed to any potential population movements resulting from a prolonged crisis. Reuters has previously reported that Turkmenistan’s border with northeastern Iran has been used as an evacuation route for foreign nationals leaving Iran during periods of heightened instability. Sysoev also highlighted ongoing counterterrorism cooperation among CIS member states. According to his figures, security agencies across the bloc prevented more than 2,500 terrorist and extremist crimes in 2025, including more than 300 attempted terrorist attacks. He said authorities disrupted more than 200 terrorist and extremist cells, shut down nearly 900 sources and 300 channels of terrorist financing, and blocked almost 19,000 online resources containing radical content. More than 2,300 criminal cases related to terrorism and extremism were opened, while more than 1,500 people were prosecuted. Authorities also persuaded more than 100 terrorists and more than 2,000 extremists to abandon destructive activities, he added. The warning follows recent signs that developments in neighboring Iran are already having an economic impact on Turkmenistan. As previously reported by The Times of Central Asia, disruptions to trade routes and supplies from Iran have contributed to rising prices for food, household goods, construction materials, and cigarettes across the country.

Opinion: Why the Next Head of UNAMA Should Come from Central Asia

A recent briefing on Afghanistan before the United Nations Security Council again showed that the country’s challenges can no longer be viewed only through humanitarian assistance or debates over recognition of the Taliban government. Afghanistan remains a deeply complex domestic issue, but it is increasingly becoming a regional one as well. The discussion now extends beyond human rights and political dialogue with the de facto authorities. It now includes the return of millions of people from neighboring countries, pressure on cities and rural communities, shortages of jobs and water, cross-border trade, security, and the future of regional transport corridors. Against this backdrop, the question of who should lead the United Nations Assistance Mission in Afghanistan (UNAMA) is no longer only a personnel decision. It has become part of a wider debate about what international policy toward Afghanistan should look like in its next phase. The catalyst for this discussion was the recent briefing delivered by Georgette Gagnon, the UN Secretary-General’s Deputy Special Representative for Afghanistan, before the Security Council. According to Gagnon, the de facto authorities maintain control over both Afghanistan’s territory and administrative structures. At present, they face no significant armed or political challenge. The Taliban themselves view the restoration of security across Afghanistan as one of their principal achievements. Yet this does not mean the situation is stable. Gagnon pointed to a fundamental contradiction within the current system of governance. There are rigid ideological policies that place considerable pressure on society. There are also more pragmatic approaches that have so far allowed the system to function and survive. In other words, Afghanistan appears to have achieved a form of managed stability, but without a clear vision of where that system is ultimately headed. Stability Conceals Deep Structural Problems The economic picture is equally mixed. Afghanistan has recorded positive growth in absolute terms. Fiscal stability has improved, revenue collection has increased, and several infrastructure projects are moving forward. The country has also largely maintained the gains achieved through the reduction of opium poppy cultivation. Yet beneath these signs of stabilization lie significant challenges. According to Gagnon, nearly 5.9 million people have returned to Afghanistan since 2023. This represents a population increase of more than 10%. Another 2.8 million Afghans could return during 2026 alone. Many returnees arrive with no savings, no employment, and limited prospects for rebuilding their lives. For a country with a fragile economy, this creates enormous pressure. Cities and rural communities are struggling to absorb new arrivals. Jobs, housing, water resources, and social services remain in short supply. The humanitarian situation remains severe. In 2026, approximately 21.9 million people, around 45% of Afghanistan’s population, are expected to require humanitarian assistance. Another major concern is demographics. More than half of Afghanistan’s population is under the age of 25. This generation is growing up amid limited opportunities. While the challenges facing girls have received international attention, boys increasingly face difficulties as well. Employment opportunities are scarce, household incomes are declining, and competition for livelihoods is intensifying. Environmental pressures...

U.S. Convenes Critical Minerals Dialogue with Central Asian Officials in Kazakhstan

ASTANA — The United States opened a new round of high-level critical minerals talks with Central Asian governments in Astana on June 10, with U.S. Special Envoy for South and Central Asian Affairs Sergio Gor saying Washington is placing new emphasis on a region it sees as central to global commerce, connectivity, and secure supply chains. Speaking at the C5+1 Critical Minerals Dialogue, Gor said Central Asia “has not gotten the attention it deserves from the United States,” and that the Trump administration had decided to change that. “We care about this region, we want to be involved with this region, we want to identify win-win situations for the United States and your nations,” Gor said. The meeting, held at The Ritz-Carlton in Astana, brought together officials from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and the United States. The program included sessions on geological exploration, surveying and mapping, mining and processing, and global value and supply chains, followed by a government-business networking reception. Gor thanked Kazakhstan for hosting what he described as the first in-person C5+1 Critical Minerals Dialogue and said he had met with President Kassym-Jomart Tokayev shortly before the session. Kazakhstan’s Foreign Ministry said that ahead of the dialogue, Gor and Kazakh Foreign Minister Yermek Kosherbayev had discussed economic and investment partnerships, innovation, artificial intelligence, education, transport, logistics, and critical minerals. The ministry also said the sides discussed the implementation of agreements reached between Tokayev and U.S. President Donald Trump at the White House in November 2025. Gor framed the Astana meeting as part of a broader increase in U.S. engagement with Central Asia following the C5+1 leaders’ meeting in Washington last year. He said critical minerals are now a central part of that engagement because they are essential to infrastructure, advanced technologies, industry, and national defense. “Our economic security depends on our ability to diversify our access to critical minerals,” Gor said. “Ensuring reliable access to these materials requires not only expanding production, but also building resilient, transparent, and market-driven supply chains in close partnership with trusted partners.” He added that the Central Asian states represented at the table were exactly the partners Washington wants to work with. “There’s a reason we’re sitting at this table and not at another table around the world,” Gor said. “It’s because this is where we want to work. This is where we have identified trusted partners.” Gor highlighted the role of U.S. commercial and development-finance tools in supporting investment, saying Washington is prepared to back American companies working in the region. “The United States government stands behind American companies,” Gor said. “There is no such thing as a deal too small.” Gor also pointed to the U.S. International Development Finance Corporation, saying it was preparing to “invest and build” in the region and saw potential in critical minerals, telecommunications, and Trans-Caspian infrastructure. He said DFC saw “potential to transform the region’s rich deposits of critical minerals into the foundation of a new wave of industrialization.” “President Trump understands the importance of...