• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10548 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10548 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10548 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10548 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10548 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10548 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10548 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10548 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
24 February 2026

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Turkic States Set to Expand Mutual Trade and Strengthen Economic Integration

The 14th meeting of ministers responsible for economy and trade of the Organization of Turkic States (OTS) was held on February 20 in Turkistan, Kazakhstan. The gathering brought together ministerial delegations from member states to advance economic cooperation, deepen trade ties, and promote sustainable and inclusive growth across the Turkic region. Founded in 2009 to foster comprehensive cooperation among Turkic-speaking nations, the OTS includes Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan as full members. Turkmenistan, Hungary, and Northern Cyprus participate as observers. According to the OTS Secretariat, the Turkic region recorded an average economic growth rate of 6.86% in 2025, more than double the global average. Despite this performance, OTS Secretary General Kubanychbek Omuraliev called for intensified efforts to expand intra-regional trade. Omuraliev highlighted ongoing negotiations on the Agreement on Services and Investment Facilitation, describing it as a decisive step toward deeper economic integration. He also pointed to strengthened institutional mechanisms, including the Council of Central (National) Banks of the OTS, the Turkic Green Finance Council, enhanced cooperation among Financial Intelligence Units and Competition Authorities, and closer coordination between the Turkic Investment Fund and the Union of Turkic Chambers of Commerce and Industry (TCCI). Delegations discussed practical measures to increase intra-OTS trade, improve the investment climate, and enhance regional connectivity. Participants emphasized the need for coordinated policies to reduce trade barriers, support small and medium-sized enterprises, and facilitate cross-border commerce. Kazakhstan’s Deputy Minister of National Economy, Asan Darbayev, underscored the symbolism of holding the meeting in Turkistan, a historic spiritual center of the Turkic world and a key node of the ancient Silk Road. He noted that the OTS is steadily evolving from a dialogue platform into a mechanism for practical cooperation, building new value chains and expanding trade links. In 2025, mutual trade among OTS member states exceeded $11.9 billion. Kazakhstan’s largest trade volumes were with Turkey ($4.9 billion), Uzbekistan ($4.3 billion), Kyrgyzstan (nearly $2 billion), and Azerbaijan ($425 million). Investment ties are also strengthening. Between 2005 and 2025, foreign direct investment from OTS countries into Kazakhstan surpassed $6.3 billion. Over the same period, Kazakh investments in OTS economies reached $5 billion, including more than $1.3 billion in 2025 alone. The meeting concluded with the signing of a Memorandum of Understanding on Partnership in Trade and the adoption of a Roadmap for Cooperation in Economy, Trade, Investment, and Finance. As previously reported by The Times of Central Asia, in December 2025 the Board of Governors of the Turkic Investment Fund announced that the fund would begin operations in the first quarter of 2026. Headquartered in Istanbul, the Turkic Investment Fund is the first joint financial institution established by OTS member states. Its mandate is to promote economic cooperation, boost intra-regional trade, and finance major joint initiatives aimed at strengthening long-term regional integration.

Uzbekistan Pledges Support for Gaza Reconstruction

United States President Donald Trump introduced Uzbekistan’s President Shavkat Mirziyoyev as “a friend” during the inaugural meeting of the Board of Peace in Washington, setting a cordial tone for a summit focused on post-conflict recovery in Gaza. In brief remarks while welcoming Mirziyoyev, Trump said Uzbekistan was “doing great” and had “no problems.” The summit, held on February 19 at the United States Institute of Peace, brought together heads of delegations from Azerbaijan, Kazakhstan, Bahrain, Indonesia, Argentina, Paraguay, Romania, Egypt, Qatar, Pakistan, Hungary, Albania, Armenia, Vietnam, Cambodia, the United Arab Emirates, Turkey, Kuwait, Saudi Arabia, Israel, and Morocco, among others. Discussions focused on reconstruction and humanitarian assistance for the Gaza Strip, as well as broader efforts to promote stability in the Middle East. In his address, Mirziyoyev thanked Trump for convening the inaugural meeting of the Board, describing the summit as the result of his “political will and pragmatism.” Uzbekistan supported the initiative to establish the Board of Peace and declared its readiness to participate in its practical implementation. “I am confident that the Board’s work will create favorable conditions for the economic and social restoration of Gaza,” Mirziyoyev said. He stressed that any mechanism for external governance in Gaza must be based on the support of its population. Coordinated efforts by all stakeholders, he added, would help ensure that the post-conflict process remains sustainable and that reconstruction advances efficiently. Mirziyoyev also announced that Uzbekistan is prepared to contribute to the construction of residential buildings, kindergartens, schools, and hospitals in Gaza. He described the meeting as a symbol of international solidarity and urged participants to seize what he called a historic opportunity to help build a renewed Gaza with a functioning economy and improved living conditions.

The Board of Peace and Central Asia: Asserting Agency in a Fragmented Order

President Kassym-Jomart Tokayev’s speech at the inaugural meeting of U.S. President Donald Trump’s Board of Peace in Washington on February 19 was not only a foreign policy event, but one with significant domestic resonance. The initiatives announced include Kazakhstan’s participation in the reconstruction of Gaza, financial commitments, and readiness to send peacekeepers. Against the backdrop of economic challenges and ongoing constitutional reforms, however, a substantial segment of Kazakh society is questioning whether such an active foreign policy posture is justified at this time. The Board of Peace, the charter for which was ratified in Davos in January 2026 on the sidelines of the World Economic Forum, is positioned as an alternative to traditional multilateral institutions. According to Trump, the new body should not merely discuss conflicts, but will also "almost be looking over the United Nations and making sure it runs properly." Symbolically, the Board’s launch comes amid U.S. reductions and withholding of UN-related funding and withdrawals from multiple international bodies, alongside a partial U.S. payment toward UN arrears and the parallel creation of alternative financial and security mechanisms. According to the U.S. Mission to Kazakhstan, at the first meeting of the Board of Peace, nine members pledged a combined $7 billion aid package for the Gaza Strip. Kazakhstan, Uzbekistan, Azerbaijan, the UAE, Morocco, Bahrain, Qatar, Saudi Arabia, and Kuwait indicated their willingness to contribute. Additionally, Trump pledged $10B in U.S. funding, framing peace and reconstruction as a strategic priority. However, experts note that these sums fall far short of projected needs. According to joint UN-EU-World Bank estimates, the full reconstruction of Gaza could require up to $70 billion. In addition, the implementation of projects is complicated by the issue of disarming Hamas, which is designated as a terrorist organization in the U.S. and the European Union. At present, there is no indication that any Western or regional government intends to revise that designation. A notable feature of the Washington summit was the synchronized participation and subsequent public statements of key member states of the Organization of Turkic States (OTS). Kazakhstan, Uzbekistan, Azerbaijan, and Turkey effectively acted as what appeared to be an aligned geopolitical grouping, albeit without a formal declaration of joint action. What Is Kazakhstan Seeking? For Astana, participation in the Board of Peace appears to represent a renewed step in its multi-vector foreign policy doctrine. Tokayev directly stated Kazakhstan’s readiness to send medical units and observers to international stabilization forces and to allocate more than 500 educational grants for Palestinian students. In effect, Kazakhstan is reinforcing its image as a “Middle Power” prepared not only for diplomatic mediation but also for tangible contributions to international security efforts. This course aligns with the country’s existing participation in UN missions. Currently, 139 Kazakh military personnel are serving in the Golan Heights under the UN Disengagement Observer Force mandate. Nevertheless, the intensification of foreign policy engagement is raising domestic questions. Concerns voiced on social media and among experts include whether the international agenda risks diverting attention from internal economic pressures, including...

From Security Threat to Economic Partner: Central Asia’s New ‘View’ of Afghanistan

Afghanistan is quickly becoming more important to Central Asia, and the third week of February was filled with meetings that underscored the changing relationship. There was an “extraordinary” meeting of the Regional Contact Group of Special Representatives of Central Asian countries on Afghanistan in the Kazakh capital Astana. Also, a delegation from Uzbekistan’s Syrdarya Province visited Kabul, and separately, Uzbekistan’s Chamber of Commerce organized a business forum in the northern Afghan city of Mazar-i-Sharif. A Peaceful and Stable Future for Afghanistan The meeting in Astana brought together the special representatives of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan for Afghanistan. The group was formed in August 2025. There was no explanation for why the fifth Central Asian country, Turkmenistan, chose not to participate. The purpose of the Astana meeting was to coordinate a regional approach to Afghanistan. Comments made by the representatives showed Central Asia’s changing assessment of its southern neighbor. Kazakhstan’s special representative, Yerkin Tokumov, said, “In the past [Kazakhstan] viewed Afghanistan solely through the lens of security threats… Today,” Tokumov added, “we also see economic opportunities.” Business is the basis of Central Asia’s relationship with the Taliban authorities. Representatives noted several times that none of the Central Asian states officially recognizes the Taliban government (only Russia officially recognizes that government). But that has not stopped Kazakhstan and Uzbekistan, in particular, from finding a new market for their exports in Afghanistan. Uzbekistan’s special representative, Ismatulla Ergashev, pointed out that his country’s trade with Afghanistan in 2025 amounted to nearly $1.7 billion. Figures for Kazakh-Afghan trade for all of 2025 have not been released, but during the first eight months of that year, trade totaled some $335.9 million, and in 2024, amounted to $545.2 million. In 2022, Kazakh-Afghan trade reached nearly $1 billion ($987.9 million). About 90% of trade with Afghanistan is exports from Kazakhstan and Uzbekistan. For example, Kazakhstan is the major supplier of wheat and other grains to Afghanistan, and Uzbekistan is the biggest exporter of electricity to Afghanistan. Kyrgyzstan’s trade with Afghanistan is significantly less, but from March 2024 to March 2025, it came to some $66 million. To put that into perspective, as a bloc, the Central Asian states are now Afghanistan’s leading trade partner, with more volume than Pakistan, India, or China. Kazakhstan’s representative, Tokumov, highlighted Afghanistan’s strategic value as a transit corridor that could open trade routes between Central Asia and the Indian Ocean. Kyrgyzstan’s representative, Turdakun Sydykov, said the trade, economic, and transport projects the Central Asian countries are implementing or planning are a “key condition for a peaceful and stable future for Afghanistan and the region as a whole.” The group also discussed humanitarian aid for Afghanistan. All four of these Central Asian states have provided humanitarian aid to their neighbor since the Taliban returned to power in August 2021. Regional security was also included on the agenda in Astana, but reports offered little information about these discussions. A few days before the opening of the meeting in Astana, Russian Ambassador to Kyrgyzstan Sergei...

The Board of Peace and the Emerging C6 Regional Ecosystem

Washington is hosting the first summit of the Board of Peace, an initiative convened by U.S. President Donald Trump. Aircraft carrying leaders from several post-Soviet states have arrived at Joint Base Andrews. While Russia and Belarus have been invited - representation levels vary - the presidents of Kazakhstan, Uzbekistan, and Azerbaijan have traveled to the United States in person. Although each leader has a separate bilateral agenda, Kassym-Jomart Tokayev, Shavkat Mirziyoyev, and Ilham Aliyev share a broader objective: presenting a consolidated regional grouping, informally referred to as the C6, in which Kazakhstan is seen as playing a leading role. Tokayev, a career diplomat who previously served as a senior United Nations official, has developed a consistent approach to foreign visits, which typically includes a meeting with Kazakh citizens residing abroad, particularly students and young professionals, and the publication of an opinion piece in a leading outlet in the host country. During his current visit to the United States, he met members of the Kazakh diaspora and published an article in The National Interest outlining his vision for international stability. [caption id="attachment_44160" align="aligncenter" width="2560"] President Kassym-Jomart Tokayev meets with Kazakh citizens living and studying in the United States; image: Akorda.kz[/caption] According to Kazakh political analyst Andrei Chebotarev, the central theme of Tokayev’s article is the importance of stability amid intensifying geopolitical rivalry and growing international conflicts. Chebotarev emphasized Tokayev’s call for a pragmatic international order grounded in the rule of law, accountability, predictable commitments, and respect for national and cultural identities, arguing that ideologically driven frameworks have proven ineffective. Tokayev described the Board of Peace as “not just another forum for endless discussions,” but as a practical initiative aimed at delivering tangible outcomes, particularly in relation to the Gaza Strip and the broader Middle East. He characterized the White House’s approach as one that views peace “not as a slogan, but as a project” built around infrastructure, investment, employment, and long-term stability. “This initiative deserves respect and international attention,” Tokayev said. During his visit to the United States last November for the C5+1 summit, Tokayev held meetings with senior U.S. officials, including Commerce Secretary Howard Lutnick, as well as executives from major international corporations. A delegation led by Deputy Prime Minister and Minister of National Economy Serik Zhumangarin is also in Washington during the current visit. In addition to promoting investment and technology partnerships, the delegation engaged with members of Congress involved in efforts to repeal the Jackson-Vanik amendment, which continues to complicate trade relations between the United States and certain Central Asian countries. Mirziyoyev has pursued a similar agenda during his current visit, holding meetings with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. He also met representatives of American businesses and signed an agreement establishing a new investment platform. [caption id="attachment_44171" align="aligncenter" width="1280"] A set of bilateral agreements on priority areas of Uzbekistan-U.S. cooperation was signed; image: President.uz[/caption] Aliyev, for his part, met in Washington with the leadership of the American Israel Public Affairs Committee, including...

Over 5,700 ISIS Detainees Transferred from Syria to Iraq, Including Central Asians

A total of 5,704 ISIS detainees have been transferred from prisons in northeastern Syria to Iraq, including dozens of citizens from Central Asian countries, according to data from Iraq’s Ministry of Justice shared by journalist and Iraqi Observatory for Human Rights founder Mustafa Saadoun on X. The figures, issued by the Iraqi Correctional Service under the Ministry of Justice, detail the number of inmates held at Al-Karkh Central Prison by nationality. Among them are 36 citizens of Uzbekistan, 63 of Tajikistan, 42 of Kyrgyzstan, and four of Kazakhstan. The list also includes 165 individuals identified as “Turkestan,” 130 from Russia, and 3,544 Syrians, who make up the largest group. Saadoun told Shafaq News that the transfer of ISIS detainees from camps and detention centers in northeastern Syria could place “extreme pressure” on Iraq’s already overcrowded prison system. He warned that overcrowding levels could exceed 300% if facilities are not properly equipped to absorb the influx. “The success of the transfer depends primarily on the prisons’ ability to absorb detainees through modern isolation and classification mechanisms,” Saadoun said. He urged authorities to develop rehabilitation and reform programs that uphold the rule of law and prevent ideological spillover caused by the improper mixing of prisoners. He also described deteriorating infrastructure inside detention facilities. “Inmates are often forced to sleep in shifts in narrow, poorly ventilated corridors without sunlight,” he said, adding that such conditions create breeding grounds for contagious diseases, including scabies and tuberculosis. Last month, United States Central Command announced it had begun a “safe and systematic” transfer of around 7,000 ISIS detainees from northeastern Syria to what it described as secure facilities in Iraq, in coordination with Iraqi authorities. However, Reuters later reported that fewer than 500 detainees had been transferred in the initial phase after Baghdad requested a slowdown to negotiate with foreign governments over the repatriation of their nationals and to prepare additional detention capacity. Iraqi officials have cautioned that accepting the full number of detainees could overwhelm the judicial system, particularly as many foreign fighters may face the death penalty under Iraqi law. Central Asian governments have previously faced challenges repatriating their citizens from conflict zones in Syria and Iraq, conducting special operations in recent years to return women and children, while cases involving male detainees have remained more complex.