• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10454 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10454 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10454 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10454 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10454 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10454 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10454 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10454 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%

Kyrgyzstan and China to Launch Direct Flight Between Osh and Kashgar

A new air route connecting Osh, Kyrgyzstan’s second-largest city, with Kashgar in China’s Xinjiang Uyghur Autonomous Region is expected to launch in April, according to a statement from Airports of Kyrgyzstan JSC. The announcement follows a meeting held on January 30 with the Commercial Aircraft Corporation of China (COMAC).

The new flight is intended to enhance transport connectivity between the two neighboring countries, deepen bilateral trade and economic ties, and promote tourism and cultural exchange.

The route is expected to be operated by Chengdu Airlines, a COMAC-affiliated carrier, using COMAC’s C919 aircraft, China’s first domestically developed short-to-medium-range turbofan jet, which can accommodate up to 97 passengers.

Osh already has an existing air link to Xinjiang. In November 2025, China Southern Airlines resumed flights between Osh and Urumqi, the region’s capital.

Xinjiang serves as a strategic gateway to China for Kyrgyzstan, and Kashgar is the departure point for the China-Kyrgyzstan-Uzbekistan (CKU) railway, an ambitious regional infrastructure project aimed at connecting China with Central Asia, the Middle East, and Europe. The 523-kilometer railway will run from Kashgar to Andijan, Uzbekistan, passing through Kyrgyzstan via Torugart, Makmal, and Jalal-Abad.

Construction on the CKU railway officially began on December 27, 2024, in Kyrgyzstan’s Jalal-Abad region.

New transport links by air and rail are expected to further boost trade between Kyrgyzstan and China. According to Chinese Ambassador to Kyrgyzstan Liu Jiangping, bilateral trade reached a record $27.2 billion in 2025, up 20% from the previous year.

Iran Protests and Regional Stability: An Afghan Perspective

The protests that spread across Iran in late 2025 and early 2026 reflected more than short-term public discontent, instead exposing the cumulative effects of a prolonged socio-economic crisis. Persistently high inflation, declining real incomes, and falling living standards have placed sustained pressure on households and weakened the social contract between the state and society.

Against this backdrop, the unrest increasingly acquired a foreign policy dimension. Strong statements from U.S. officials warning of consequences in response to Iran’s handling of the protests, combined with Tehran’s rejection of what it described as external interference, heightened the risk of the crisis becoming internationalized. Thus, the protests in Iran ceased to be an exclusively domestic issue and became a factor of regional instability.

A key feature of the current situation is that the Iranian crisis is developing simultaneously on three fronts:

  • socio-economic, where protests are fueled by deteriorating living conditions;
  • political, linked to a crisis of confidence and governability; and
  • geopolitical, where internal processes are used by external actors as a tool of pressure.

Consequences for Afghanistan

For Afghanistan, developments in Iran carry direct and practical significance. Since late 2024, Iran has become a source of large-scale returns of Afghan migrants, both voluntary and forced. By 2025, this process had become systematic, placing a heavy burden on Afghanistan’s western provinces, particularly Herat.

In the event of prolonged instability and a deepening economic crisis in Iran, the likelihood of additional waves of migrant returns would increase. This would place further strain on Afghanistan’s labor market, healthcare system, social infrastructure, and already limited economic resources. In a fragile economy, the return of large numbers of migrants intensifies competition for jobs and raises the risk of local social tensions.

The trade and logistics dimension is equally significant. Iran remains Afghanistan’s key economic partner and a vital transit corridor, including through the Islam Qala border crossing. Any deterioration in Iran’s socio-economic conditions has a direct impact on trade flows, supply chains, and broader regional economic stability.

Significance for Central Asia

The ongoing protest movements and the deterioration of the situation in Iran, driven by a systemic economic crisis and growing political and social discontent, could have a significant impact on political and economic dynamics, as well as security, across Central Asia.

On the one hand, governments in the region are responding with cautious concern, mindful of the potential spillover effects of instability and rising internal discontent. A prolonged crisis in Iran increases the risks of migration pressure, border instability, and cross-border threats, all of which directly affect regional security.

On the other hand, a further deterioration of Iran’s internal situation could disrupt trade, transit, and energy ties with Central Asia, weakening Tehran’s regional influence and reshaping the balance of power. Under such conditions, the role of other regional and external actors, including Russia, China, Turkey, and Western countries, is likely to grow as they gain opportunities to strengthen their positions in the region.

As a result, the crisis in Iran is evolving beyond a domestic challenge and is becoming a factor in the transformation of the regional landscape, compelling Central Asian states to contend with heightened uncertainty and adjust their foreign policy and economic strategies accordingly.

Conclusions

Protests can lead to political change only when accompanied by a clear vision of the future. In the current Iranian case, mass discontent appears to reflect a protest of despair rather than an organized project of transformation, even amid external attempts to politicize events on the ground.

For the region, this translates into heightened uncertainty. The Iranian crisis is already extending beyond national borders, affecting migration, trade, food security, and regional stability. Afghanistan, within this configuration, is among the most vulnerable neighbors, confronting consequences over which it has little objective influence.

The issue of double standards in international responses to protests also warrants special attention. Identical actions by states are interpreted either as expressions of sovereignty or as violations of human rights, depending on the political context. Such selectivity not only fails to contribute to crisis resolution but also deepens societal distrust in existing political and legal mechanisms.

Under these circumstances, recognizing the right to peaceful protest, refraining from exploiting internal crises, and accounting for cross-border consequences emerge as essential conditions for preventing further destabilization at both the national and regional levels.

Adapted translation: Aidar Borangaziyev, Open World Policy Lab, Astana, Kazakhstan

Kazakhstan’s Banking System and the Logic of Early Enforcement

Kazakhstan’s growth model depends on uninterrupted access to international finance. Because its largest energy and mining projects rely on foreign capital, hard-currency financing, and offshore banking channels, confidence in the integrity of its banking system is not just a regulatory issue; it is a macroeconomic constraint.

This reliance is structural. Export revenues are concentrated in globally-priced commodities—especially oil (up to 60% of total exports in recent years), and uranium (40%+ of global output)—linking fiscal stability directly to hard-currency liquidity and correspondent banking access. In that context, correspondent banking is a systemic requirement underpinning international payments and trade. Because international banks incorporate sanctions exposure and AML/CFT risk into their assessments, adverse risk perceptions can trigger de-risking behavior that raises costs and slows flows.

Astana is now courting U.S. and European investment in multibillion-dollar initiatives, including the Trans-Caspian/Middle Corridor and projects related to rare earth and critical minerals supply chains. This further increases Kazakhstan’s exposure to Western compliance standards and regulatory scrutiny. With a growth model heavily driven by foreign capital, Kazakhstan understands that perceived weaknesses in banking system compliance would not halt investment outright, but would translate into higher funding costs and reduced appetite in international capital markets.

Sanctions Exposure After 2022: Structural, Not Tactical

Russia’s full-scale invasion of Ukraine in February 2022 sharply increased Kazakhstan’s exposure to global sanctions enforcement. Geography, membership in the Eurasian Economic Union, and dense trade and infrastructure ties with Russia made Kazakhstan a focal point for concerns over re-exports and sanctions leakage. At the same time, its border with China—an important source of dual-use goods—has added another layer of scrutiny, even as reporting later showed that China-origin cargo bound for Russia was, in documented cases, routed without physically entering Kazakhstan, despite being linked to it in trade flows.

Western sanctions reshaped logistics faster than enforcement capacity could adapt. Restrictions on shipping, insurance, and financial services increased reliance on overland transit routes through Central Asia, drawing attention to Kazakhstan, even where violations were difficult to substantiate. Western investigations later showed that EU-origin dual-use goods continued to reach Russia through intermediary channels, underscoring enforcement gaps beyond Kazakhstan itself.

For Kazakhstan, however, heightened scrutiny translated directly into financial risk, regardless of intent. In the logic of global compliance, perception can be as consequential as proof.

Early Intervention as Risk Management

Since 2022, Kazakhstan’s response has evolved from declaratory neutrality to early, containment-oriented enforcement. This shift has been driven less by foreign-policy alignment than by a calculation that even isolated violations can carry disproportionate financial consequences.

President Kassym-Jomart Tokayev has repeatedly emphasized that sanctions violations carry direct economic consequences for Kazakhstan, warning in public remarks that non-compliance could expose the country to secondary sanctions affecting trade, finance, and investment flows. By framing compliance as a matter of macroeconomic risk management rather than geopolitical positioning, the government signaled that enforcement would prioritize financial stability over short-term commercial convenience.

That logic has translated into practice. When Western sanctions were imposed on Sberbank in 2022, Kazakhstan approved the sale and restructuring of its local subsidiary to ring-fence the domestic banking system. Similar patterns have emerged in cases involving Kazakhstan-based trading and logistics firms designated by Western authorities, with accounts frozen, licenses revoked, and entities liquidated once violations were identified.

Rather than waiting for definitive findings, regulators have tended to intervene at early warning signs, reflecting concern that delayed action would increase exposure to correspondent banking restrictions. This approach reflects a preference for containment over adjudication, with early interventions later consolidated into a more durable compliance architecture, including tighter oversight of sensitive trade flows and strengthened end-user verification for dual-use goods.

International Engagement and External Oversight

Domestic enforcement has been accompanied by sustained engagement with sanctioning authorities, reflecting Kazakhstan’s need to manage external risk perceptions as well as internal compliance. Sanctions compliance has been incorporated into routine bilateral and multilateral formats, including the U.S.–Kazakhstan Enhanced Strategic Partnership Dialogue and the C5+1 framework, and the EU–Kazakhstan Cooperation Council pursuant to the Enhanced Partnership and Cooperation Agreement.

External assessments of Kazakhstan’s risk profile remain qualified. The country is not currently on FATF’s high-risk list or the list of jurisdictions under increased monitoring, though scrutiny of trade and financial flows continues. At the same time, Kazakhstan has not been placed on the Financial Action Task Force’s high-risk or increased-monitoring lists, indicating that its AML/CFT framework is not assessed as having strategic deficiencies. In practice, Kazakhstan has moved from being viewed primarily as a potential sanctions bypass to being treated as a managed-risk jurisdiction—subject to ongoing oversight rather than blanket de-risking.

Outlook

Its geography ensures that Kazakhstan will continue to hedge in its foreign relations. Finance, however, allows far less room for hedging. The country’s banking system is embedded in dollar settlement and correspondent banking, while its capital markets are anchored in the U.S.-led financial order. Access to that system underpins macroeconomic stability and investor confidence.

Statements from the Kazakhstan Government indicate that this reality is consistently understood and articulated. Since 2022, they have repeatedly signaled—publicly and institutionally—that violations of financial and sanctions-related regulations carry direct economic consequences, and that enforcement is a matter of state interest rather than tactical positioning. As a result, sanctions compliance in the banking sector has become less an exercise of political signaling than an act of financial prudence. Whatever balance Astana maintains with its neighbors, preserving the integrity of the financial system now appears to take precedence—and structurally, that pulls Kazakhstan closer to the Western financial order.

German Court Restricts Media Claims About Russian-Uzbek Billionaire Alisher Usmanov

A German court has ruled in favor of Russian-Uzbek billionaire Alisher Usmanov, barring the publication of several contested statements made about him by the Frankfurter Allgemeine Zeitung (FAZ), according to court documents cited by Reuters.

In a decision dated January 23, the Hamburg Regional Court prohibited FAZ from further disseminating specific sections of its April 2023 article titled On the Kremlin’s Instructions. The statements in question allegedly linked Usmanov to senior Russian officials. The court determined that these claims may no longer be repeated in their current form.

Usmanov, who was born in Uzbekistan, has an estimated net worth of $18.8 billion, according to the Bloomberg Billionaires Index. He is subject to European Union and United States sanctions, including a travel ban, imposed following the start of the war in Ukraine. Over the past two years, he has launched multiple legal challenges in European courts, contesting media reports that he argues were used as justification for the sanctions.

Reacting to the ruling, Usmanov’s lawyer, Joachim Steinhöfel, said the statements banned by the court “repeated essential parts of the reasoning behind the sanctions against Mr. Usmanov.” He added that the decision supports the argument that the sanctions were based on what he described as “defamatory and groundless allegations,” Reuters reported.

FAZ said it is considering an appeal. A spokesperson for the newspaper warned that the court’s legal criteria could make it more difficult to report on individuals in authoritarian systems, raising broader concerns about press freedom.

Separately, in 2024, another Hamburg court ruled against the German broadcaster ARD over a report that linked Usmanov to a scheme involving alleged bribes to judges at the International Fencing Federation. The court banned further distribution of the report, describing it as “news based on suspicion.” Violations of the order could lead to fines of up to €250,000 per incident or imprisonment.

Reuters also reported that German authorities agreed last month to close a foreign trade law investigation involving Usmanov after he paid €10 million. A separate money laundering probe was dropped in 2024.

Tata Steel Chess Contest Has A New Champion – From Uzbekistan

When he was a child, Nodirbek Abdusattorov dreamed of winning the elite Tata Steel Chess Tournament in the Netherlands. On Sunday, the 21-year-old from Uzbekistan did just that.

Abdusattorov secured the champion´s title after raising his point total to nine, playing with the black pieces in a final round victory over Indian Arjun Erigaisi. Another grandmaster from Uzbekistan, 20-year-old Javokhir Sindarov, came second with eight and a half points.

“I can’t express my happiness with words. It was a long way for me,” Abdusattorov said in an interview posted on the tournament website. He said he had come close to winning the contest in previous years, and finally doing so was a highlight of his career.

“I had a dream to win this tournament when I was a kid and finally my dream came true,” he said. “I just told myself: ‘Don’t let it slip this year.´”

Uzbekistan´s top player had six wins, six draws and one loss in the 13-round tournament.

“For three straight years, Nodirbek Abdusattorov was right there on top going into the final weekend. Three times, the title slipped through his fingers. This year, he came back and finished the story. From heartbreak to redemption,” the tournament said on X.

Abdusattorov won the FIDE World Rapid Chess Championship in 2021 and was part of the team from Uzbekistan that won gold at the 2022 Chess Olympiad in Chennai, India. FIDE is the international governing body of chess.

“I gave everything I had,” Abdusattorov said. “I don’t have plans for celebration but obviously I’m going to do something.”

Sindarov had four wins, nine draws and no losses at the Tata Steel event, where he was the only unbeaten player. He won the FIDE World Cup in 2025, qualifying for this year’s Candidates Tournament, which determines who can challenge the world champion. The current champion is India’s Gukesh Dommaraju.

Over the years, the Tata Steel tournament in the seaside town of Wijk aan Zee has attracted greats of the game including Garry Kasparov, Anatoly Karpov and Magnus Carlsen. The strong showing by Uzbek players in the 14-participant Masters competition this year shows the growing strength of chess talent in Uzbekistan.

 

 

Kazakhstan’s Rybakina Wins Australian Open, Her Second Major

Elena Rybakina became the first player from Kazakhstan to win the Australian Open on Saturday, defeating world No. 1 Aryna Sabalenka 6-4, 4-6, 6-4 in the final in Melbourne.

Rybakina, the 2022 Wimbledon champion, didn’t drop a set on her way to the final, capitalizing on her big serve and aggressive groundstrokes. She was down 0-3 in the third set against Sabalenka, but then won five consecutive games and closed out the match with an ace. She raised her arms in triumph and, after a brief embrace with the Belarusian at the net, jogged to her box to acknowledge her team.

“Thank you so much to Kazakhstan,” Rybakina, 26, said in her victory speech, nodding in the direction of a group of fans in the stands. “I felt the support from that corner a lot.”

The world No. 5 had lost to Sabalenka in three sets in the Australian Open Final in 2023. But Russia-born Rybakina defeated the world’s top player to win the WTA Finals in November after a year in which she won two WTA 500 titles but did not advance past the fourth round at any of the majors.

“I just hope that we’re going to play many more finals together,” Rybakina said in Melbourne.

Sabalenka has a head-to-head record of 8-6 over Rybakina.