• KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
10 August 2026

Viewing results 13 - 18 of 2189

Uzbekistan Turns to Georgia and Iraq as Jet Fuel Demand Rises 27%

Uzbekistan says it has arranged aviation fuel imports from Georgia, Iraq, and other countries as changes in regional air traffic drive up demand. President Shavkat Mirziyoyev's office said on August 3 that demand for aviation fuel will reach an estimated 375,000 metric tons from July through December, 27% higher than in the same period in 2025. The government linked the increase to more flights through Central Asia and a rise in services to Uzbekistan, according to an official statement. “Most of this demand will be met by domestic oil refineries,” the president’s office said, adding that alternative import channels, including supplies from Georgia and Iraq, had been established in response to export restrictions imposed by certain partner countries. The statement did not identify the countries imposing the restrictions. It also gave no details about suppliers, import volumes, prices, delivery routes, or whether shipments from Georgia and Iraq have begun. Batumi Oil Terminal resumed handling European-produced aviation fuel in July, while Georgia’s Kulevi refinery does not plan to begin producing aviation kerosene until 2027. Uzbekistan has not said whether the supplies listed as coming from Georgia are produced there or re-exported through the country. State-owned Uzbekneftegaz aims to produce 310,000 tons of aviation fuel in 2026. This is only the company’s production target, not Uzbekistan’s total domestic output. The government has not said how much of the country’s aviation fuel demand will be met by Uzbekneftegaz, other domestic producers, or imports. Uzbekistan's airports handled 64,831 flights during the first half of 2026, up 8% from a year earlier. Passenger traffic rose 16% to more than 8.15 million, according to Uzbekistan Airports data. International services accounted for 47,371 flights and nearly 6.7 million passengers, with Tashkent International Airport handling 40,283 flights, up 7%, while passenger traffic increased 17% to 5.36 million. Tourism is also adding to passenger demand. Uzbekistan recorded 6,565,410 foreign visits for tourism purposes in January-June, up 24.9% from a year earlier, according to the National Statistics Committee. The increase forms part of a wider regional travel boom. However, almost three-quarters of those came from Kyrgyzstan, Kazakhstan, and Tajikistan, which together accounted for 4.9 million arrivals. The total therefore includes substantial land-border traffic and cannot be read solely as an air-passenger figure. Geopolitical disruption is another factor driving demand. The war involving Iran has constricted a main Europe-Asia aviation corridor and forced airlines away from high-risk airspace. Some services are now using a northern arc through the Caucasus and Central Asia, increasing the value of the region’s airspace. Pressure from the north predates the Iran conflict. Since Russia’s full-scale invasion of Ukraine in 2022, many Western carriers have avoided Russian airspace. Uzbekistan Airways began routing Europe services around Russia and Belarus in January 2025. Its Tashkent-Munich route grew by 307 kilometers, adding 30 to 40 minutes to the journey time. Uzbekistan already had a growing air transit base. Uzaeronavigation served 188,000 flights in 2023, including 143,000 by foreign airlines. More than 74,000 flights were handled in Uzbek airspace during January-April...

U.S. Makes Visa Bond Program Permanent, Raises Maximum to $20,000

The United States has made its Visa Bond Program permanent, raising the maximum refundable deposit to $20,000 for certain business and tourist visa applicants from 50 countries, including Kyrgyzstan, Tajikistan, and Turkmenistan. The final rule took effect on August 3, replacing a 12-month pilot launched in August 2025. Kazakhstan and Uzbekistan remain outside the program. The requirement applies to B-1 business visas, B-2 tourist visas and combined B-1/B-2 visas. Applicants from covered countries who are otherwise eligible for a visa must generally post a bond of $10,000, $15,000 or $20,000, with the amount determined by a consular officer. Officers are expected to set most bonds at $15,000. The amount may be reduced to $10,000 when an applicant’s circumstances justify a lower deposit or increased to $20,000 when officials believe a larger bond is needed to ensure that the traveler leaves the country on time. The bond is returned when the traveler complies with the terms of the visa and leaves the United States within the permitted period. It can also be refunded if the visa holder does not travel before the visa expires or is denied admission at the border. No interest is paid on the deposit, and posting a bond does not guarantee that a visa will be issued. Travelers who post a bond must enter and ultimately leave the United States through commercial airports, including U.S. Customs and Border Protection preclearance locations abroad. They cannot use land or sea crossings for their initial entry or final departure. Turkmenistan has been covered by the policy since January 1, while Kyrgyzstan and Tajikistan were added on January 21. The Times of Central Asia reported the regional expansion at the time. The broader list includes 50 countries, 30 of them in Africa, as well as countries in Asia, Latin America, the Caribbean and the Pacific. The current program began as a pilot on August 20, 2025, initially covering Malawi and Zambia. Under the pilot, bonds were set at $5,000, $10,000 or $15,000. The permanent version removes the $5,000 option and increases the maximum deposit by $5,000. The $20,000 maximum will be adjusted for inflation beginning on October 1, 2027, and every seven years thereafter. An earlier visa bond pilot was announced in 2020 during Donald Trump’s first administration, but it was not implemented because international travel had fallen sharply during the Covid-19 pandemic. The State Department said the policy is intended to address visa overstays, inadequate information sharing, weaknesses in identity and criminal-record verification, and concerns over screening and the security of travel documents. Countries can be added to the list on a rolling basis, while removals can take effect immediately. According to the department, the 50 countries currently covered recorded 45,488 overstays during the 2024 fiscal year. Fewer than 50 overstays were recorded during the first ten months of the pilot, while visa issuance to nationals of the listed countries fell by 83% compared with the same period a year earlier. The department said some eligible applicants appeared to have...

Central Asia and Azerbaijan: What the Region’s Leaders Agreed at Issyk-Kul

The Kyrgyz resort town of Cholpon-Ata, on the shores of Lake Issyk-Kul, briefly became Central Asia’s political capital as it hosted a series of high-level meetings, including bilateral talks between the presidents of Kyrgyzstan and Uzbekistan, the state visit of Azerbaijani President Ilham Aliyev, and the informal Consultative Meeting of the Heads of State of Central Asia and Azerbaijan. Only a few years ago, such a format would have seemed unlikely. Today, however, regional leaders are discussing joint railway projects, energy security, transport corridors, investment, and foreign-policy coordination rather than managing old disputes. The agreements reached in Cholpon-Ata suggest that the consultative format is gradually evolving from a platform for political dialogue into a mechanism for practical regional cooperation. From Conflict to Alliance                                                 Ahead of the informal multilateral meeting, Kyrgyz President Sadyr Japarov and Uzbek President Shavkat Mirziyoyev held bilateral talks that set the tone for the broader regional meeting. Relations between the two countries now stand in sharp contrast to the situation sixteen years ago. Following the ethnic violence in southern Kyrgyzstan in June 2010, relations between Bishkek and Tashkent entered one of their most difficult periods since independence. The agenda between the two neighbors has since changed dramatically. Speaking in Cholpon-Ata, Mirziyoyev said relations between Uzbekistan and Kyrgyzstan had reached “a historic peak.” Bilateral trade has increased almost tenfold in recent years, reaching $1.2 billion last year. The two countries now have around 450 joint ventures, operate a joint Development Fund to support cooperative projects, and have established 15 air routes and five bus services linking their cities. Mirziyoyev described the China-Kyrgyzstan-Uzbekistan railway as one of the most important joint initiatives between the two countries, arguing that the project would reshape transport links across Eurasia. “This railway will fundamentally change the geopolitical landscape. Those who understand what it took to make this happen know what a major achievement it is,” Mirziyoyev said. The talks concluded with the signing of a Treaty on Allied Relations between Kyrgyzstan and Uzbekistan. The two sides also exchanged several bilateral documents, including agreements covering sections of their common border and the joint use of the Chashma spring. A Broader Regional Agenda While the Japarov-Mirziyoyev talks focused primarily on bilateral relations, the informal Consultative Meeting of the Heads of State of Central Asia and Azerbaijan broadened the discussion to regional integration, transport connectivity, energy security, and foreign-policy coordination. Opening the meeting, Kyrgyz President Sadyr Japarov said one of the clearest results of closer regional cooperation had been the Central Asian countries’ growing support for one another on the international stage. As an example, he cited the region’s joint support for Kyrgyzstan’s successful bid for a non-permanent seat on the United Nations Security Council for the 2027-2028 term. Japarov also revived the idea of introducing a single tourist visa for foreign visitors traveling across Central Asia, proposing that the region’s foreign ministries intensify consultations on the initiative. Azerbaijan’s participation as a full member gave the meeting additional significance. Baku joined the consultative format as a...

Apple Pay and Google Pay Mobile Wallets Could Launch in Uzbekistan Within Months

Apple Pay and Google Pay could become available in Uzbekistan within the next few months, Jamshid Usmanov, head of the Central Bank’s Payment Systems Development Department, told Spot. Usmanov said the Central Bank began negotiations with Apple and Google after amendments to Uzbekistan’s personal data legislation came into force. The regulator has since been working with commercial banks and the national payment systems Humo and Uzcard to complete the technical integration required to launch the services. “Commercial banks are actively carrying out integration work. There are also issues related to card tokenization that are being addressed,” Usmanov said. The project extends beyond support for international payment cards such as Visa and Mastercard. The Central Bank is also working to make Humo and Uzcard cards compatible with Apple Pay and Google Pay, enabling customers to use Uzbekistan’s domestic payment systems through the digital wallets. Usmanov said one or more commercial banks could be the first to introduce the services. He confirmed that Central Bank representatives met with Apple and Google in April and May and added that positive news could be expected in the coming months. Alongside the mobile payments initiative, Uzbekistan is continuing work on a National Payment Switch, which is scheduled to be launched in 2027 under a presidential decree. The new platform would provide unified infrastructure for processing domestic payment transactions. At present, some transactions made with international bank cards are processed through centers outside Uzbekistan. The National Payment Switch will allow those transactions to be processed domestically. Usmanov added that many countries are gradually adopting national payment switches because they reduce dependence on foreign payment infrastructure providers and allow payment data to remain within national jurisdictions. The Central Bank expects the new system to improve the resilience of Uzbekistan’s payment infrastructure and provide better data protection. Regulatory documents are currently being prepared, while technical implementation will proceed during the next phase of the project. The Times of Central Asia previously reported that Uzbekistan was also moving toward integrating PayPal, with negotiations between the Central Bank and the company underway following changes to the country’s personal data legislation.

Kyrgyzstan Uncovers Suspected Smuggling Tunnel on Uzbek Border

Authorities in Kyrgyzstan have uncovered an underground tunnel on the border with Uzbekistan that is believed to have been built for smuggling goods, 24.kg reported, citing the Batken Regional Department of Internal Affairs. According to the police, officers from the department responsible for combating extremism and illegal migration received information that an underground passage was being constructed to move goods illegally across the border. During an inspection of an abandoned house on Mamazhanov Street in the village of Chechelik, Kadamjay District, investigators discovered a tunnel leading toward neighboring Uzbekistan. According to the regional police department, the tunnel is approximately 12 meters deep and 1.5 meters wide. The authorities have not disclosed its total length or confirmed whether it had already been used. The Batken regional police investigation service is examining the circumstances surrounding the tunnel. The discovery follows several similar cases in Central Asia. In April 2024, Kyrgyz authorities uncovered another underground passage in Jalal-Abad Region along the Uzbek border. Officials said the tunnel had been used to smuggle both people and goods, and police arrested an Uzbek citizen who had allegedly crossed the border through the passage. Kazakhstan has also reported similar discoveries. In December 2024, Kazakh and Uzbek authorities dismantled a smuggling operation involving a 450-meter tunnel in Turkistan Region. Investigators said the passage had been used for around two months to transport between five and seven metric tons of fuel into Uzbekistan each day. In July 2025, Kazakhstan’s Financial Monitoring Agency said the investigation had been completed and the case sent to court.

Swiss Court Fines Lombard Odier $3.7 Million in Karimova Money-Laundering Case

Switzerland’s Federal Criminal Court has fined Geneva-based private bank Lombard Odier 3 million Swiss francs, or about $3.68 million, after finding that it failed to take adequate organizational measures to prevent money laundering in a case linked to Gulnara Karimova, the eldest daughter of Uzbekistan’s late President Islam Karimov. The court also dismissed criminal proceedings against Karimova without ruling on the allegations against her. The ruling was delivered on July 27 in Bellinzona, following a trial that began in April. Swiss prosecutors had accused Karimova of accepting bribes and leading a criminal organization known as “The Office,” which allegedly channeled hundreds of millions of dollars through Swiss bank accounts between 2005 and 2013. Lombard Odier and one of its former account managers were accused of helping conceal assets derived from the group’s activities. The former employee was found guilty of aggravated money laundering. The court concluded that the bank had failed to take “all reasonable and necessary organizational measures” to prevent the offense. The former account manager, identified only as “C.,” received a fully suspended 24-month prison sentence. The court also ordered the confiscation in Switzerland of more than 400 million Swiss francs in assets originating from the money-laundering offense or controlled by “The Office.” In a statement, Lombard Odier said the case began after it voluntarily reported suspicious transactions to the Swiss authorities in 2012. It maintained that robust anti-money-laundering controls were in place and said it would appeal. The first-instance judgment is not final. The court dismissed the proceedings against Karimova on procedural grounds. The judges concluded that there was no realistic prospect of her release from prison in Uzbekistan or extradition to Switzerland before the limitation period expired. The court did not rule on the allegations against her. Proceedings were also dismissed against another defendant, identified only as “B.,” who lives in Russia and could not travel to Switzerland through no fault of his own. The sentences imposed on Lombard Odier and its former employee were reduced because of the time elapsed since the offenses in 2011 and 2012. Charges covering events before July 27, 2011, were dismissed as time-barred. Karimova, now 54, has consistently denied wrongdoing. She has been imprisoned in Uzbekistan since March 2019, when she was moved from house arrest after the authorities said she had breached its conditions. She is serving a 13-year sentence for offenses including organizing a criminal group, extortion, and embezzlement. The Swiss investigation began in 2012 and concerns conduct dating back more than two decades. In May 2025, the Federal Criminal Court joined the proceedings against Karimova and Lombard Odier. The wider international investigation has involved assets across several jurisdictions. Assets associated with Karimova in Switzerland, France, and the United States have previously been estimated at nearly $1.4 billion. The case has also led to efforts to return confiscated assets to Uzbekistan. In February 2025, Uzbekistan and Switzerland signed an agreement covering approximately $182 million confiscated by the Swiss authorities. The funds are to be transferred through the Uzbekistan...