• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10456 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Central Asian Countries Scramble to Help Nationals in Mideast Conflict Zone

With the Mideast conflict entering a second day, Central Asian governments have urged their citizens in the region to take precautions, including following the instructions of local authorities and staying away from mass gatherings.

Five civilians from Tajikistan are among foreigners from a range of countries who have crossed from Iran into Azerbaijan since the United States and Israel launched air strikes at Iranian targets on Saturday, the Azerbaijani Press Agency reported. Others who have crossed include 18 Saudi diplomats, four diplomats from Jordan and hundreds of Russian civilians. Canada and Spain have communicated with Azerbaijan about the possible evacuation of their citizens as well.

One citizen of Azerbaijan in the region has been injured, but is in good condition and receiving support from diplomatic staff, said Aykhan Hajizade, spokesman for Azerbaijan’s Ministry of Foreign Affairs. He was quoted by state news agency Azertac.

Uzbekistan said there are no casualties among its 81 citizens in Iran. The nationals from Uzbekistan include eight employees of diplomatic missions, nine students in the city of Qom, nine who are in Iran on private visits and 55 permanent residents.

“The Embassy maintains constant contact with compatriots,” the Uzbek government said.

Iran responded to the air strikes with retaliatory waves of missiles and drones aimed at Israel as well as U.S. military facilities and civilian areas across the region.

“Air traffic has been suspended due to temporary restrictions on the use of airspace,” Uzbekistan’s Ministry of Foreign Affairs said in a message on Telegram to its nationals in Dubai, United Arab Emirates. The ministry urged them to fully comply with local laws, avoid going out unnecessarily and stay away from crowded places, and rely only on official sources of information.

Kazakhstan said it was working on “round-the-clock interaction” with authorities in countries affected by the conflict, and that its diplomatic missions are providing consular and legal assistance to compatriots. The Ministry of Foreign Affairs has opened hotlines.

“Lists of citizens in the region, including transit zones, are being updated,” the ministry said. “Operational chats have been created in messengers where compatriots can get answers to their questions and information about the situation in the country, including recommendations.”

The ministry said it was collecting information about the number of Kazakhstani citizens in the “escalation zone,” and that it was difficult to specify the exact number. There have been no reports so far of casualties among people from Kazakhstan, it said.

Last year, Mashhad, a northeastern Iranian city near the border with Turkmenistan and a significant hub for trade with Central Asia, was among the targets hit by the Israeli military. At the time, Turkmenistan facilitated the cross-border transfer from Iran of some people from Central Asia and other regions.

So far, there are no reports of U.S. or Israeli strikes on Mashhad since the latest conflict began. The city is an Islamic pilgrimage site and is the birth place of Ayatollah Ali Khamenei, Iran’s supreme leader. He was killed in air strikes on Saturday.

 

President Tokayev Reaffirms Support for Gulf States During Regional Crisis

Updated March 1 – President Kassym-Jomart Tokayev sent messages of support to the leaders of the United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, and Jordan reaffirming Kazakhstan’s solidarity with their peoples during what he described as a “difficult period of profound challenges.”

Messages were conveyed on Saturday to the leaders of the United Arab Emirates, Saudi Arabia, Qatar, Bahrain and Kuwait, underscoring Kazakhstan’s commitment to the sovereignty and security of its partners in the Arab world. The information was confirmed by presidential adviser and press secretary Aibek Smadyarov, according to Qazinform.

On Sunday, Tokayev sent a similar message to Jordan’s leadership, extending the same assurances of solidarity and support.

In addition, Tokayev held a phone call with the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani, during which the sides discussed the evolving situation in the Middle East and emphasized the importance of diplomatic efforts to prevent further escalation.

In the messages, Tokayev condemned any military action aimed at undermining the sovereignty and security of states that Kazakhstan regards as friendly partners.

“Our country consistently advocates the resolution of all complex international issues and armed conflicts exclusively through diplomatic means,” Tokayev said.

He added that Kazakhstan stands ready to provide any assistance it can and expressed hope for continued regular contact with the senior leadership of those countries, signaling Astana’s intention to maintain close political dialogue amid regional tensions.

The messages are consistent with Kazakhstan’s long-standing foreign policy emphasis on multilateralism, non-interference, and the peaceful settlement of disputes. As Central Asia’s largest economy, Kazakhstan has sought to position itself as a constructive diplomatic actor while maintaining balanced relations across the Middle East and beyond.

Pakistan Declares “Open War” with Afghanistan’s Taliban as Cross-Border Attacks Escalate

Pakistan launched airstrikes inside Afghanistan on Friday following a Taliban-announced offensive against Pakistani military posts along the shared border, marking a sharp escalation in tensions between the two long-hostile neighbors. The Taliban has said it is open to talks.

Pakistan’s Defense Minister Khawaja Muhammad Asif said on social media that “our patience has now run out. Now it is open war between us,” framing Islamabad’s actions as a response to cross-border attacks.

According to Reuters, the Afghan authorities said operations began across several eastern provinces bordering Pakistan, while Islamabad confirmed retaliatory strikes targeting what it described as militant positions.

Both sides have released sharply conflicting casualty figures, none independently verified. Pakistani officials said more than 200 Taliban fighters were wounded and over 130 killed in retaliatory operations, while reporting Pakistani military casualties. The Taliban authorities rejected those figures and claimed dozens of Pakistani troops were killed.

The clashes threaten a fragile ceasefire reached in October 2025 after earlier border fighting. Pakistan has repeatedly accused the Taliban of allowing Tehrik-e-Taliban Pakistan (TTP) militants to operate from Afghan territory, an allegation Kabul denies. The Durand Line border has long been a flashpoint, but analysts say the scale of recent airstrikes — including reported strikes near Kabul — marks a significant escalation beyond previous localized clashes.

For Central Asian states, renewed instability between Pakistan and Afghanistan carries direct strategic and economic implications. Uzbekistan has invested heavily in the proposed Termez–Mazar-i-Sharif–Kabul–Peshawar railway, a flagship trans-Afghan corridor intended to link Central Asia to Pakistani ports and expand southbound trade. The CASA-1000 electricity transmission project, designed to export surplus hydropower from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan, also depends on security conditions in Afghan territory.

Turkmenistan’s TAPI gas pipeline project faces similar vulnerabilities. Escalating violence risks delaying these connectivity initiatives and raising concerns about militant spillover into northern Afghanistan, an area closely watched by Tajikistan and Uzbekistan. Central Asian governments have pursued pragmatic engagement with the Taliban authorities to stabilize their southern frontier; sustained confrontation between Kabul and Islamabad could complicate that strategy and undermine regional integration plans.

The United Nations and regional actors have called for restraint. While both governments describe their actions as defensive, the rhetoric surrounding the latest exchange suggests a dangerous deterioration in bilateral relations. Independent verification of battlefield claims remains limited as diplomatic efforts to contain the escalation continue.

Kazakhstan to Focus on Skilled Migrants in New Migration Policy

Kazakhstan is shifting toward a more pragmatic migration policy aligned with the needs of the national economy. The government’s newly approved Migration Policy Concept through 2030 prioritizes attracting in-demand highly skilled professionals and encouraging internal migration to regions experiencing labor shortages.

According to the Ministry of Labor and Social Protection, the number of foreign labor migrants in Kazakhstan reached 16,100 in 2025.

Minister of Labor Askarbek Yertayev said that greater emphasis will be placed on assessing the professional qualifications of foreign workers. Priority will be given to specialists with relevant education, work experience, and competencies sought in the domestic labor market. By 2030, the share of skilled workers among labor migrants is expected to increase to 95%.

To support these objectives, the ministry has launched a pilot project on the digital platform migration Enbek.kz. The initiative introduces a comprehensive scoring system to evaluate applicants when issuing permanent residence permits and granting kandas status, a designation for ethnic Kazakhs returning to their historical homeland.

A draft law has also been prepared that includes revising fees for hiring foreign labor, tightening regulation of private employment agencies, and formally integrating the digital scoring mechanism into migration decision-making processes.

The quota for attracting foreign workers in 2026 has been set at 0.25% of the total national workforce, according to official data.

The main countries of origin for officially employed foreign nationals remain China, Uzbekistan, Turkey, and India.

At the same time, the government is strengthening measures to manage internal migration. In 2025, 14.7% of participants in state-supported interregional resettlement programs relocated to northern regions of the country.

Major cities such as Almaty and Astana continue to attract young people from less economically developed regions, exacerbating territorial imbalances.

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Kashagan and Karachaganak: Will Kazakhstan’s Claims Lead to Changes in the Shareholder Structure?

The beginning of 2026 has been marked by a new round of confrontation between Kazakhstan and the international consortia developing the country’s largest oil and gas fields, North Caspian Operating Company N.V. (Kashagan) and Karachaganak Petroleum Operating B.V. (Karachaganak). Below is an overview of the current situation and the possible scenarios.

Arbitration proceedings initiated in early 2023 have expanded from $16.5 billion to more than $170 billion. Over three years, Kazakhstan has secured preliminary victories on several claims, enough, in my view, to suggest that the era of foreign oil consortia dominating Kazakhstan’s strategic projects may be coming to an end.

Ecology and NCOC Violations

This week, Bloomberg reported in its article “Oil Majors Seek Arbitration Over $5 Billion Kazakh Sulfur Fine” that the NCOC consortium is filing in international arbitration to challenge a Kazakh court decision to collect 2.3 trillion tenge (KZT). The Bloomberg headline, however, presents the issue inaccurately.

Environmental violations, including the excessive storage of approximately 1 million tons of sulfur, were identified during an inspection in March 2023, when the exchange rate stood at 451.71 KZT per $1. The rate later rose to 520-540 and currently stands at around 500 KZT per $1. According to investment forecasts, it may reach 600 KZT per $1 by the end of 2026.

As a result, the dollar equivalent of the fine has decreased significantly. At the March 2023 rate, 2.3 trillion KZT amounted to approximately $5.1 billion. At 500 KZT per $1, it equals about $4.6 billion. At 600 KZT per $1, it would fall to roughly $3.8 billion, a difference of about $1.3 billion.

After my earlier publications arguing that foreign consortia should be fined in foreign-currency equivalent at the exchange rate prevailing at the time of filing, the proposal was also raised in Parliament. Such an approach would be logical: the consortia export their oil and receive revenue in foreign currency, yet fines are imposed in tenge.

After several rounds of appeals, the consortium lost what became the largest environmental dispute in Kazakhstan’s history, initially involving more than 20 systematic violations of environmental legislation. Correspondence between consortium members published in Western media indicated they were aware of the violations but considered remediation and compliance financially costly. NCOC’s annual revenue is approximately $10 billion.

Media reports also stated that the consortium offered around $110 million, roughly 50 times less than the fine, for regional social programs in exchange for waiving environmental claims. Neither NCOC nor the Kazakh government confirmed such negotiations.

In 2010-2011, similar environmental and tax claims against the Karachaganak consortium resulted in Kazakhstan receiving a 10% stake in the project.

The current ownership structure of NCOC is:

  • ENI (Italy) – 16.81%
  • ExxonMobil (U.S.) – 16.81%
  • CNPC (China) – 8.33%
  • INPEX (Japan) – 7.56%
  • TotalEnergies (France) – 16.81%
  • Shell (UK) – 16.81%
  • KazMunayGas (Kazakhstan) – 16.88%

Total investment in Phase One of Kashagan is estimated at $60 billion. By analogy with Karachaganak, the environmental fine could hypothetically lead to an increase in Kazakhstan’s share by 5-7 percentage points, to 20-23%.

Under normal circumstances, a company that loses an appeal must pay the fine within a specified period. Failure to do so may result in account freezes and restrictions on senior management until the fine and penalties are paid in full. It remains to be seen what enforcement mechanisms will be applied in this case, given that environmental violations are not formally subject to international arbitration under the production sharing agreement.

Kazakh media have not raised the issue of responsibility among senior managers at KazMunayGas, even though KMG is an equal shareholder in NCOC.

If the consortium were required to pay a sum equivalent to roughly half of its annual revenue at once, the consequences could be serious, including production disruption, unpaid wages, and delayed payments to suppliers and contractors.

Whether oil companies would risk comparable environmental violations in their home jurisdictions is a rhetorical question. The shareholders may have expected to resolve these environmental issues through negotiation, but the policy vector has clearly shifted toward defending national interests.

Arbitration on Karachaganak

At the end of January 2026, Bloomberg reported that the London Court of International Arbitration ruled in favor of PSA LLP (which manages the country’s shares in NCOC and KPO) in a dispute concerning $2-4 billion in allegedly unjustified and uncoordinated expenses by the Karachaganak consortium. The consortium retains the right to appeal.

Initially, PSA LLP filed a claim for $3.5 billion under the Production Sharing Agreement, which specifies international arbitration, rather than Kazakh courts, as the venue for disputes, and later increased the claim to $6.5 billion.

The Kazakh side argued that audits had revealed inflated expenses that reduced the state’s share of revenue, as consortium costs under the PSA are reimbursed from the sale of Kazakh oil.

The shareholder structure of KPO is:

  • ENI (Italy) – 29.25%
  • Shell (UK) – 29.25%
  • Chevron (U.S.) – 18%
  • LUKOIL (Russia) – 13.5%
  • KazMunayGas (Kazakhstan) – 10%

Sanctions affecting Russian energy companies, including LUKOIL, may also influence the future balance of power in Kazakhstan’s extraction and pipeline projects, though that requires separate analysis.

The arbitration ruling strengthens Kazakhstan’s position in other disputes with NCOC, including claims exceeding $16.5 billion in allegedly unjustified expenses, roughly a quarter of total investment, and $160.5 billion in claimed lost profits linked to delays in the second and third phases of Kashagan’s development.

NCOC currently produces 400,000-450,000 barrels per day of oil and gas condensate. Phase Two envisaged output of around 800,000 barrels per day, while Phase Three targeted more than 1-1.2 million barrels per day.

NCOC and KPO vs. Tengiz

Against the backdrop of multi-billion-dollar disputes involving NCOC and KPO, the Tengiz project appears comparatively stable, despite $48.5 billion spent on the Future Expansion Project, which is expected to add about 250,000 barrels per day.

Tengiz shareholders are:

  • Chevron (U.S.) – 50%
  • ExxonMobil (U.S.) – 25%
  • LUKOIL (Russia) – 5%
  • KazMunayGas (Kazakhstan) – 20%

A key difference lies in the contractual framework. Tengiz operates under a stabilized contract with consistent management, whereas Kashagan and Karachaganak operate under production sharing agreements with rotating operators and more fragmented governance. This dispersion of authority complicates long-term planning, investment decisions, and the construction of gas-processing facilities needed to sustain or increase production.

It is also possible that dissatisfaction among certain shareholders regarding project management could affect future alignments.

Changes Are Inevitable

The ongoing court proceedings, both domestic and international, are likely to result in changes to shareholder structures and possibly management models. At the same time, KazMunayGas currently lacks the operational capacity to independently manage projects of this scale, meaning that one of the shareholders, existing or new, would likely assume a leading management role.

Both KPO and NCOC are seeking to extend their production sharing agreements, which expire in 2038 and 2041, respectively. This underscores the continued strategic importance of oil and gas for the global economy before and after 2050.

Kazakhstan’s recent arbitration successes strengthen its legal position ahead of potential ownership changes in other sectors, including mining and metallurgy.

Three additional factors may shape future developments:

  • A proposed constitutional referendum would enshrine the priority of national legislation over certain international decisions, potentially affecting the enforceability of external rulings.
  • Further legal scrutiny could extend to officials who approved cost increases under disputed arrangements.
  • Over the next five years, Kazakh projects are expected to remain among the most profitable globally for Western shareholders, with projected cumulative net cash flow exceeding $101 billion across Tengiz, Kashagan, and Karachaganak.
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From Africa to Antarctica: How Kazakh Mountaineer Anar Burasheva Conquered Seven Continents

Mountaineer Anar Burasheva is the first Kazakh woman to climb the highest peaks on all seven continents and has already summited three of the world’s fourteen eight-thousanders. Her path is demanding and dangerous, yet, as she notes, it is achievable with discipline and preparation.

On some summits, she can remain only for a few seconds, as lingering would be unsafe; on others, she is able to pause briefly, take in the view, and absorb the scale of the landscape. Above 8,000 meters, however, one rule always applies: descend on time.

In an interview with The Times of Central Asia, Burasheva discusses why the mountains erase distinctions of gender, why turning back can be the wisest decision, and how extreme altitude reveals a person’s true character.

TCA: You are in high demand right now. Is that because you are one of the few women engaged in such an extreme sport?

Burasheva: That plays a role, but I think the main reason is that the approach to covering such achievements has changed. In the past, women’s accomplishments in our society did not receive sufficient attention. Now the opposite is true, and that’s good; it creates role models for young girls.

TCA: You are currently in Ridder, in East Kazakhstan. Is that your hometown? Is that where your love of mountaineering began?

Burasheva: Ridder is where my mother lives. I was born in Serebryansk, also in East Kazakhstan, but our family moved to Ridder long ago, and from there I later moved to Almaty. Yes, the region is mountainous. Our peaks are not as high as those near Almaty, but they are wilder, two- and three-thousand-meter mountains. From certain points in Serebryansk, you can clearly see Mount Belukha, about 4,500 meters high, with its snow-white summit covered in glaciers year-round.

TCA: Have you climbed it?

Burasheva: Not yet. Even though it is lower than the eight-thousanders I have climbed, it still requires serious preparation. It’s a difficult peak. I hope to climb it this year or next. My love for the mountains began in childhood in East Kazakhstan, but my passion for high-altitude mountaineering developed in Almaty.

TCA: You became the first Kazakh woman to complete the Seven Summits. What did you feel standing on the final summit?

Burasheva: Pride and gratitude that everything worked out despite the difficulties. But emotions depend on the summit and the weather. On Denali, the highest peak in North America, we stayed on top for just 11 seconds. We took photos and immediately descended because of strong winds. One person in our group showed signs of frostbite; the tip of their nose turned white, so we had to leave quickly.

TCA: And on Everest?

Burasheva: We stayed about half an hour. Conditions were more favorable. But Everest is above 8,000 meters, the so-called death zone, and you cannot remain there long because oxygen is limited. On Aconcagua, by contrast, it was so warm that I was even able to rest briefly at the summit while waiting for the other Kazakh climbers.

TCA: Do you leave flags on the summit?

Burasheva: No. Nothing should be left there except snow and ice. We always take everything back with us.

TCA: You have climbed the highest peaks on all seven continents and several eight-thousanders?

Burasheva: Yes, these are two separate programs. I completed the Seven Summits: Kilimanjaro in Africa, Everest in Asia, Elbrus in Europe, Aconcagua in South America, Denali in North America, Carstensz in Oceania, and Vinson in Antarctica.

At the same time, I began working on the fourteen eight-thousanders. So far, I have climbed three: Everest, Manaslu, and Cho Oyu. There are fourteen in total. If sponsorship continues, and these expeditions are very expensive, I could complete the program within two to three years. I am currently 34 and in peak physical condition.

TCA: How much does one ascent cost?

Burasheva: From $40,000. It’s expensive. That’s why climbers spend as much time negotiating sponsorships as they do training. You can have one sponsor for multiple climbs or divide the funding among several.

TCA: What about gender equality in mountaineering? Are physical abilities equal?

Burasheva: I believe women are as physically strong as men and often more enduring. We may not lift 60 kilograms like Sherpas or some men, but in high-altitude mountaineering, there is no gender division. You are a full member of the team.

TCA: So you carry the same weight?

Burasheva: Exactly. Shared equipment is distributed evenly. There is no reduction because someone is a woman. On one expedition, each of us carried 11 kilograms of common gear.

TCA: How much weight do you carry in total?

Burasheva: It depends on the mountain. On eight-thousanders, you usually carry 10–15 kilograms, since Sherpas assist and loads can be staged higher in advance. But on Denali, for example, you carry everything yourself for 21 days. I had 25 kilograms in my backpack and another 25 kilograms on a sled.

TCA: How long do expeditions last, and how long does recovery take?

Burasheva: Eight-thousander expeditions can last 40 days or more. Afterward, I usually need one or two weeks of rest before returning to training. After my first eight-thousander, Everest, recovery took about a month. But after my last two climbs, which were back-to-back, I resumed training almost immediately.

TCA: How many major climbs can you do in a year?

Burasheva: It depends on the individual. Some climbers move extremely fast. In the era when Maxut Zhumayev and Vassiliy Pivtsov completed all fourteen eight-thousanders without supplemental oxygen, without Sherpas, and without fixed ropes, it was a completely different level of mountaineering. Completing the program quickly was almost impossible.

TCA: Are there climbers who have completed all fourteen more than once?

Burasheva: Yes. Nirmal Purja and Sanu Sherpa have completed the program multiple times and are working toward a third completion. Maxut Zhumayev continues to climb regularly and has repeated several eight-thousanders.

TCA: Has mountaineering become easier?

Burasheva: It has become more adapted to modern realities. Equipment is more advanced, and supplemental oxygen is widely used. You no longer need to pass strict selection processes as in Soviet times.

TCA: Do climbers share certain personality traits?

Burasheva: Not really. Everyone is different. But professional climbers need endurance, composure, and the ability to make fast, correct decisions.

TCA: Do mountains have character?

Burasheva: Yes. Every mountain has its own energy. All mountains are difficult and potentially deadly. Even those we consider “home” mountains have seen many recent accidents, avalanches, storms, and severe weather.

TCA: Mountain peaks are sacred in many cultures. What do they mean to you?

Burasheva: For me, they are sacred too. All fourteen eight-thousanders are located in Asia, in Nepal, Tibet, and Pakistan, within the Himalayas and Karakoram. Anyone who has been to Nepal feels the special energy there.

I believe that the higher you go, the closer you are to God. You should approach the mountains with pure thoughts. At the summit, it feels as if you are in the palm of God’s hand. In everyday city life, this feeling is not so strong, but at altitude it becomes clear. You understand who you are and which goals are truly yours. You come face to face with your true self.

TCA: Which climbs were the most difficult? Did you ever consider quitting?

Burasheva: I never considered quitting mountaineering. I love it and believe it is what I am meant to do. But I have turned back when conditions were too dangerous. In October 2024, we retreated from Camp Four on Manaslu. It was the right decision. When sponsors are involved, there is responsibility and pressure. But the mountains will always remain. Our task is to return home alive and well.

TCA: What happens after you return?

Burasheva: It’s cyclical: climb, rest, train again. But training is no longer just preparation for a specific summit; it is part of my life. I run at least three times a week, hike, climb, and train for strength. Of course, there are more intense periods, but basic training is constant.

TCA: Before mountaineering, you worked as a financial analyst. Can this be combined with a conventional profession?

Burasheva: Yes, many people do exactly that to fund their climbs. In Almaty’s mountaineering community, most climbers work full-time. I am fortunate to have sponsorship support and can focus entirely on climbing.