• KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00212
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760

Viewing results 19 - 24 of 834

The 43 Kilometers That Could Rewire Eurasia

The Caspian Policy Center’s Trans-Caspian Forum 2026 convened U.S. and regional officials at the National Press Club in Washington on June 10 for a discussion of peace, economic security, and durable partnerships. The forum framed a short Armenia-based link as part of a wider effort to turn the Middle Corridor into a working route for cargo, energy, data, and capital. The strategic dialogue was chaired by Dr. Eric Rudenshiold, CPC research director and senior fellow. Speakers included Aryeh Lightstone, Senior Advisor to the Board of Peace and to Ambassador Steve Witkoff; Hikmet Hajiyev, Assistant to Azerbaijan’s president and foreign-policy department head; Yerzhan Kazykhan, Kazakhstan’s presidential representative for U.S. negotiations; Javlon Vakhabov, deputy adviser to Uzbekistan’s president on foreign policy; and Edil Baisalov, Kyrgyzstan’s ambassador to the United States and presidential special envoy. The meeting came as Washington tries to turn the Armenia-Azerbaijan thaw, the C5+1 critical minerals agenda, and private-sector interest into routes that can move cargo, energy, data, and capital across the Caspian. The discussion cast the Middle Corridor as the main strategic alternative linking Central Asian production to western markets. The Trump Route for International Peace and Prosperity (TRIPP) refers to a planned 43-kilometer link through southern Armenia’s Syunik province, near Meghri and the Arax River, that would connect Azerbaijan with its Nakhchivan exclave. With rail, road, energy, and digital infrastructure, TRIPP is intended to plug into the wider Trans-Caspian route from Central Asia through Azerbaijan and Türkiye to Europe. Aryeh Lightstone opened by placing connectivity inside the Trump administration’s peace and economic-security agenda. His remarks tied Armenia-Azerbaijan diplomacy, the Board of Peace, and the Abraham Accords to the claim that commerce can reinforce peace where standard diplomacy stalled. Lightstone shifted the subject from maps to execution. Customs, regulatory harmonization, digital trade platforms, border procedures, and bankable investment vehicles will decide whether the Middle Corridor becomes a reliable system, he said. His reference to a TRIPP Plus Enterprise Fund pointed to U.S. structures that can move from declarations to projects. Hikmet Hajiyev presented Azerbaijan as the hinge of that system. The Caspian, he argued, does not separate Azerbaijan from Central Asia, but unites them. His line that C5+1 was mathematics while the C6 was chemistry captured Baku’s framing. Azerbaijan is positioning itself as a logistical and strategic extension of Central Asia, connected through Turkic institutions, energy routes, rail, ports, aviation, and digital links. Hajiyev described the Middle Corridor as moving from a supplementary transit route into a strategic geoeconomic system, linking Baku-Tbilisi-Kars rail capacity, Baku port, Nakhchivan, TRIPP, and the planned Trans-Caspian fiber-optic cable with Kazakhstan. Ambassador Kazykhan presented Kazakhstan’s strategic value as something built over time and backed by material capacity, not diplomatic positioning alone. Kazakhstan is by far the region’s largest economy, with the IMF projecting 2026 GDP of about $360 billion. Kazykhan said more than 600 American companies operate in Kazakhstan and cumulative U.S. investment has surpassed $100 billion. Kazakhstan also supplies about 24% of U.S. uranium imports and has reserves or production capacity linked...

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...

Japan Extends $229 Million Loan to Boost Energy Efficiency in Uzbekistan

Japan will lend Uzbekistan 36.8 billion yen, roughly $229 million, to cut energy waste in public buildings and industry, targeting two sectors that place heavy pressure on the country’s fuel and electricity systems. The financing was formalized on June 10 in Tashkent, where Japanese Ambassador Kenji Hirata and Uzbekistan’s Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov signed exchange notes for two projects under Japan’s yen-loan program, according to the Embassy of Japan in Uzbekistan. The larger of the two projects, Energy Efficiency Improvement in Public Buildings, has a maximum value of 21.788 billion yen, about $136 million. A second project, Energy Efficiency Improvement in the Industrial Sector, is valued at up to 14.969 billion yen, about $93.4 million. Both loans carry an annual interest rate of 2.4% on the principal and 0.8% for consulting services. They will be repaid over 25 years, including a seven-year grace period. The financing is being provided on concessional and untied terms, allowing greater flexibility in procurement. The projects are aimed at lowering demand rather than adding new generating capacity. In practical terms, that means modernizing equipment and introducing energy-saving technologies in industrial and commercial operations, as well as in public buildings. The public-buildings component addresses one of the weaker points in Uzbekistan’s energy system. The country’s schools, preschools, hospitals and other state facilities are often expensive to heat and difficult to cool, particularly in buildings constructed during the Soviet period with little regard for energy efficiency. Previous World Bank work on Uzbekistan has identified public buildings from the 1970s and 1980s as poorly insulated and reliant on old boilers and water-heating systems with high energy intensity. The problem is visible in the country’s air as well as its energy bills. In winter, inefficient heating systems increase demand for fuel, while coal- and fuel-oil-based heating contributes to smog in cities such as Tashkent, alongside dust, traffic and industrial emissions. Energy-efficiency upgrades can reduce the fuel demand that worsens urban air pollution during cold weather. Uzbekistan remains heavily dependent on fossil fuels for its energy supply. The Japanese Embassy noted that the country’s energy consumption and greenhouse gas emissions per unit of gross domestic product remain higher than global averages, making improvements in energy efficiency a national priority. The industrial component addresses another pressure point. Uzbekistan is trying to expand manufacturing and exports, but that ambition depends on a power system still dominated by fossil fuels and burdened by aging infrastructure. For Tashkent, cutting the energy used by factories and commercial enterprises is part of the same energy-security challenge as building new power plants or adding renewable capacity. The agreement also gives practical form to one of the priorities in the Tokyo Declaration adopted at the first Central Asia-Japan Summit in December 2025. The declaration identified “Green and Resilience” as one of three major areas for future cooperation between Japan and the five Central Asian states. The loans follow President Shavkat Mirziyoyev’s visit to Japan late last year, when Uzbek and Japanese...

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...

From Culture to Critical Minerals: C5+1 Opens Busy U.S. Week in Central Asia

The United States and Central Asia moved another part of the C5+1 agenda into a working-level form on June 5, when culture officials from the five Central Asian states and Washington met in Tashkent. The meeting came just days before a separate C5+1 critical minerals session in Astana, giving the week a wider agenda: cultural heritage, public diplomacy, mining, investment, and supply chains are now moving forward in the same regional format. The Tashkent meeting brought together Uzbekistan's Minister of Culture Ozodbek Nazarbekov, Kazakhstan's Minister of Culture and Information Aida Balayeva, Kyrgyzstan's Minister of Culture, Information and Youth Policy Mirbek Mambetaliev, Tajikistan's Minister of Culture Matluba Sattoriyon, Turkmenistan's Deputy Minister of Culture Gurbanmurad Miradaliev, and Sarah Rogers, the U.S. Under Secretary of State for Public Diplomacy and Public Affairs. The agenda covered cultural and humanitarian cooperation, joint cultural projects, creative exchanges, and the protection and promotion of cultural heritage. Participants discussed a permanent C5+1 Working Group on Culture, a C5+1 Culture and Innovation Forum, closer cooperation in the creative industries, and more places for Central Asian cultural professionals in U.S. education and exchange programs. Uzbekistan also proposed joint English for Culture centers with U.S. partners at cultural education institutions. In practical terms, that could mean joint training for museum staff, touring exhibitions, film and music exchanges, English-language programs for curators and cultural managers, and U.S.-backed workshops for people working in heritage, tourism, and the creative industries. For Uzbekistan, the proposed centers would give the agenda a physical base inside cultural education institutions rather than leaving it at the level of declarations. The meeting ended with a protocol, which reaffirmed the parties' commitment to the cultural heritage agenda adopted after the Washington summit in November 2025. The International Institute for Central Asia said it covered cooperation through joint events and festivals in art, literature, theater, cinema, and music. Kazakhstan's side also tied the discussion to museum partnerships, digitization of heritage, professional exchanges, tourism routes, and digital projects. The Tashkent talks grew out of the C5+1 leaders’ meeting in Washington, where culture joined a wider list of priorities. That summit marked ten years of U.S. engagement with the region through the format, which began in 2015 and has since expanded from foreign-minister meetings to expert groups and presidential-level summits. The Times of Central Asia previously reported that the November 2025 summit shifted the format from broad diplomacy toward deliverable agreements, with critical minerals, aviation, supply chains, and business ties among the main areas of focus. Culture fits into that agenda, as Central Asian governments see heritage, tourism, film, music, museums, and the creative industries as economic sectors as well as identity markers. For the United States, public diplomacy gives Washington a way to stay active in the region outside security and energy talks. It also gives the C5+1 a soft-power layer, using language programs, museum links, heritage projects, and creative exchanges to build influence without framing the relationship only around security or resources. Heritage protection has a security side as well. Trafficking...