• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00198 0%
  • TJS/USD = 0.10857 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00198 0%
  • TJS/USD = 0.10857 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00198 0%
  • TJS/USD = 0.10857 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00198 0%
  • TJS/USD = 0.10857 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00198 0%
  • TJS/USD = 0.10857 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00198 0%
  • TJS/USD = 0.10857 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00198 0%
  • TJS/USD = 0.10857 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00198 0%
  • TJS/USD = 0.10857 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
05 December 2025

Viewing results 1 - 6 of 138

U.S. and Uzbekistan Sign Landmark Economic and Strategic Agreements

The United States and Uzbekistan are deepening their economic and technological partnership. Following President Shavkat Mirziyoyev’s meeting with U.S. President Donald Trump in Washington, the U.S. State Department announced a sweeping package of agreements, described as among the most significant in the history of bilateral relations in both investment and strategic scope. High-Level Business Engagements During his Washington visit, President Mirziyoyev held talks with representatives from major American corporations, investment funds, and financial institutions. The meeting was attended by U.S. Secretary of Commerce Howard Lutnick, Special Assistant to the President Ricky Gill, Special Assistant to the President Ricky Gill, Deputy Secretary of Agriculture Stephen Vaden, and executives from companies such as Traxys, FLSmidth, McKinsey, Meta, Google, Amazon, Boeing, Air Products, Axiom Space, Cove Capital, Freeport-McMoRan, Orion CMC, Cargill Cotton, John Deere, Honeywell, Valmont Industries, and Flowserve Corporation. Opening the event, Mirziyoyev highlighted that trade between Uzbekistan and the U.S. has quadrupled over the past eight years, and more than 300 American companies are now operating in the country. He added that this is just the beginning of a new era in economic cooperation. Key strategic goals were outlined: by 2030, Uzbekistan aims to develop a new-generation energy system with 18-20 GW of renewable capacity, more than half of it sourced from solar and wind. In this context, the two countries plan to jointly develop and process critical minerals such as uranium, copper, tungsten, molybdenum, and graphite, establishing resilient supply chains and leveraging U.S. processing technologies. Infrastructure is another major focus. Uzbekistan intends to invest over $12 billion by 2030 to modernize roads, railways, terminals, and airports. Digital cooperation is also expanding. Projects with Google, Meta, and NVIDIA include the launch of Apple Pay and Google Pay, the creation of a Digital Academy, and the development of startup hubs. These initiatives are expected to be supported by the U.S. International Development Finance Corporation (DFC) and the U.S. Exim Bank. Mirziyoyev reaffirmed his personal commitment to supporting American investment, stressing that Uzbekistan remains a stable and favorable destination for foreign businesses. Securing Access to Strategic Raw Materials Washington’s primary interest lies in critical minerals. The U.S. will gain priority access to joint mining projects and exclusive access to geological data on rare earth and other strategically significant elements. This move is part of a broader U.S. effort to diversify global sources of inputs vital to defense, green energy, and other high-tech sectors. The two countries are also preparing a $400 million investment package to develop sustainable supply chains for critical and rare earth minerals. For Uzbekistan, this represents a key step toward integration into global value chains and reduced reliance on limited partners. Energy Cooperation: A Role for Small Modular Reactors Uzbekistan plans to acquire American small modular reactors (SMRs), a technology increasingly favored by emerging economies for its scalability and relatively low upfront costs. Interest in SMRs has grown following the 2025 approval of the upgraded NuScale Power Module (77 MW), and Uzbekistan may become one of the first countries in...

U.S. Envoys Hail Stronger Kazakhstan Partnership Ahead of C5+1 Summit

On October 29, Unites States Special Envoy for South and Central Asia Sergio Gor and Deputy Secretary of State Christopher Landau concluded their visit to Kazakhstan ahead of the upcoming C5+1 summit in Washington. During their trip, the U.S. envoys met with President Kassym-Jomart Tokayev and held discussions with representatives of Kazakhstan’s government and business community, which they described as highly productive. “We are concluding a memorable trip to Kazakhstan in the beautiful capital, Astana, which did not even exist 30 years ago and now boasts a population of more than 1.5 million,” Landau posted on social media. He also stated that bilateral relations between the U.S. and Kazakhstan “have never been so strong” and expressed gratitude for the hospitality.  Gor and Landau held talks with Prime Minister Olzhas Bektenov and key cabinet members, including Minister of Trade and Integration Arman Shakkaliev, Minister of Energy Yerlan Akkenzhenov, Minister of Transport Nurlan Sauranbayev, and Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, to discuss Kazakhstan’s economic priorities and areas for expanding bilateral cooperation. According to the Kazakh government, the talks focused on expanding trade and investment cooperation between the two countries. Priority areas included transport and logistics, energy, agriculture, the digital economy, and artificial intelligence. During their visit, the U.S. envoys also met with Deputy Prime Minister Murat Nurtleu, who reaffirmed Kazakhstan’s readiness to cooperate on sustainable development and energy security. The meetings demonstrated Kazakhstan’s active engagement with the United States in the lead-up to the upcoming Central Asia–U.S. summit. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, who highlighted Kazakhstan’s economic strengths during talks with Gor and Landau, had recently returned from a high-level visit to the United States. His delegation, which included Deputy Head of the Presidential Administration Erbolat Dossaev and Chairperson of the Agency for Regulation and Development of the Financial Market Madina Abylkasymova, held meetings in New York and Washington with American business leaders and members of Congress. During the visit, the Kazakh delegation presented the country’s economic growth strategy, highlighted ongoing GDP expansion, and discussed the potential listing of government securities on the New York Stock Exchange. They also raised the possible repeal of the Jackson–Vanik Amendment, a long-standing priority for Kazakhstan’s diplomatic agenda. Against this backdrop, the White House’s decision to convene a summit between President Donald Trump and the leaders of the Central Asian republics may partly reflect Kazakhstan’s sustained diplomatic outreach. In that context, Gor and Landau’s remarks of appreciation as they departed Astana underscored recognition of Kazakhstan’s role in shaping this evolving partnership.

Azerbaijan and Kazakhstan Deepen Strategic Partnership Through Middle Corridor

Azerbaijani President Ilham Aliyev’s recent state visit to Astana has marked a significant turning point in relations between Azerbaijan and Kazakhstan. President Kassym-Jomart Tokayev and President Aliyev underscored the rapid expansion of cooperation across transport, investment, and technology sectors. Political and cultural ties are also deepening, bolstering what both sides have described as a “brotherly” relationship. Economic Ties Strengthened by Infrastructure and Energy Projects Tokayev highlighted the strategic importance of the Trans-Caspian International Transport Route (Middle Corridor), noting a 62% increase in freight traffic in 2024 to 4.5 million tons, with a further 2% rise recorded so far in 2025. Kazakhstan is currently building a container hub in Aktau, while a new cargo terminal in the port of Alat, developed with foreign partners, including China, offers further growth potential. The two leaders also discussed establishing a Trans-Caspian ferry system to expand exports, with a long-term goal of boosting cargo traffic to 10 million tons. Tokayev further emphasized Kazakhstan’s use of the Baku-Tbilisi-Ceyhan pipeline for oil exports. In 2024, nearly 1.5 million tons of Kazakh oil transited through Azerbaijan, with plans to increase volumes significantly. He also cited efforts to deliver Kazakh uranium to foreign markets via Azerbaijan. Joint IT projects are also advancing, including plans to lay a fiber-optic communication line under the Caspian Sea. Tokayev commended the joint declaration on peace signed by Armenia and Azerbaijan in Washington under U.S. mediation, calling it a "historic" milestone in regional reconciliation efforts. Earlier on Monday, Aliyev had announced a significant policy shift, stating that Baku is lifting all restrictions on the transit of goods to Armenia. Middle Corridor as a Strategic Geopolitical Tool The Middle Corridor, connecting China and Europe through Kazakhstan, the Caspian Sea, and Azerbaijan, was a major focus of Aliyev's state visit. Amina Kosbaeva of the Institute for Eurasian Integration noted that the corridor - which carried about 2.7 million tons in 2023 and 4.5 million tons in 2024, as traffic shifted away from traditional routes via Russia - is evolving into a strategic asset that enhances regional autonomy and global connectivity. Kosbaeva highlighted that both countries have built a sustainable cooperation model grounded in cultural commonalities and mutual trust. She identified agriculture, petrochemicals, and machine-building as key sectors where new supply chains could emerge, boosting trade and resilience to global market fluctuations. Kosbaeva added that future cooperation is likely to grow within the framework of the Organization of Turkic States (OTS), which held its 12th Summit in Gabala, Azerbaijan, on October 6–7, 2025. further institutionalizing bilateral ties as a driving force within the Turkic world. “The history of the Turkic peoples goes back to common roots,” Tokayev said at the summit, expressing support for the idea of a broader “Turkic-speaking States +” platform to expand cooperation. Business Relations Rooted in Political Alignment Kazakh political analyst Gaziz Abishev noted that Astana and Baku often align on geopolitical issues. “The relationship between the two countries proves that rigid multilateral blocs are not necessary for close alliances. Unconditional mutual sympathy at all levels, leaders,...

Washington and Tashkent Push for More Trade and Investment

Speaking at the United Nations in New York on September 23, President Mirziyoyev of Uzbekistan made it clear that he no longer adheres to his predecessors’ post-Soviet policies of isolation and ‘go-it-alone’ economic development strategy - those days are over. Uzbekistan today - or so the evidence suggests - is more open for business than at any time in its history, with the caveat that deals must be win-win, strategic, fair, and reciprocal. Though it’s unclear what that precisely entails, both Washington and Tashkent are clearly working to accelerate capital and trade flows. “[Our] top-priority goal”, Mirziyoyev said at the United Nations, “is to fundamentally transform the lives of each and every family and citizen in our country, to enhance human dignity and wellbeing.” These are not mere words, but stand at the core of Uzbekistan’s efforts to build a new nation on the back of its - until recently - entirely archaic Soviet era socio-economic institutional structures and often ossified old ways of thinking. With this in mind, the main event of Mirziyoyev’s recent New York visit - besides his meeting with President Trump - was the high-level US-Uzbekistan investment roundtable with senior executives of major U.S. corporations and financial institutions. The roundtable was more than just symbolic. Its strong turnout underscored both the U.S. and Uzbek commitment to advancing joint initiatives in key sectors, including strategic minerals, transport infrastructure, energy, and smart agriculture.  Top executives from Boeing, Citigroup, BNY Mellon, NASDAQ, Nvidia, Mastercard, Visa, General Motors, Jefferies, Oppenheimer, Cleveland Clinic, Cargill, and other U.S. corporations descended on the meetings in force, clearly eager to court the president and his team. [caption id="attachment_37146" align="aligncenter" width="1280"] Image: president.uz[/caption] At their face-to-face meeting, President Trump personally congratulated Mirziyoyev on the landmark $8 billion Boeing-Uzbekistan Airways deal, projected to generate over 35,000 U.S. jobs – that in itself is not news. Rather, the NY business roundtable appears to have signaled that the American business community is more than just sniffing around for deals. Undoubtedly, a key force behind this growing interest is Washington’s expanding engagement with Uzbekistan. Highlighting Washington’s strategic swing towards Uzbekistan, Mirziyoyev, Sergio Gor, U.S. Special Envoy for South and Central Asian Affairs, and William Kimmitt, Under Secretary of Commerce for International Trade, attended the signing ceremony of bilateral agreements, which ranged from transport, logistics and AI to mining, healthcare, and financial services. Their presence helped move discussions from initial interest to serious dealmaking. To dispel investor uncertainty related to sovereign risk and other hidden booby traps often embedded in cross-border investment agreements, Mirziyoyev declared: “I assure you, I personally guarantee the success of U.S. companies operating in Uzbekistan. At the Ministry of Investments, a dedicated Deputy Minister for U.S. Affairs has been appointed. He will accompany you 24/7.” While this makes plain Uzbekistan’s shift from aid recipient to active economic player, it’s also an attempt to shore up “investor butterflies” who are wary of corruption and shaky legal remedies in the event of contract disputes. Moreover, recognizing that companies...

Kazakhstan Backs Trump’s Gaza Peace Initiative

Kazakhstan has expressed support for President Donald Trump’s Comprehensive Peace Plan aimed at ending the conflict in Gaza. In a statement on X, Presidential Press Secretary Ruslan Zheldibay wrote that President Kassym-Jomart Tokayev considers the initiative a “unique opportunity” and “an important step toward resolving the situation in the Middle East, strengthening interstate trust, and establishing lasting and just peace in this region.” By describing the initiative as an “important step” rather than a definitive solution, Kazakhstan leaves room for diplomatic flexibility and avoids alienating partners that hold divergent views on Gaza. At the same time, the public endorsement is a clear gesture of support for the Trump administration’s leadership in addressing the central conflict of the Middle East, marking a notable moment where Astana aligns itself with Washington’s effort to shape the regional peace agenda. [caption id="attachment_36799" align="aligncenter" width="581"] Ruslan Zheldibay, President Tokayev’s press secretary, announced the position in a post on X[/caption] Trump’s Comprehensive Peace  Plan, released by the White House on September 29, 2025, ties Gaza’s governance to the broader framework of the Abraham Accords, proposing regional security guarantees, economic reconstruction measures, and expanded Arab participation as part of an effort to extend the accords’ realignment across the Middle East. Trump has repeatedly urged world leaders to expand the Abraham Accords, including appeals to Saudi Arabia, discussions with Israel’s Netanyahu, and even suggesting that Iran could join. At the 80th United Nations General Assembly (UNGA) last week, President Kassym-Jomart Tokayev pointed to the Abraham Accords as proof that reconciliation is possible in the Middle East. This endorsement is consistent with Tokayev’s broader diplomatic messaging and positions Kazakhstan as the only Central Asian state publicly backing the accords as a pathway to normalization at the UN meeting. Separately, UNGA week also saw Wabtec announce a $4.2 billion order from Kazakhstan’s national railway, a deal in line with Trump’s ‘America First’ policy that underscored the commercial dimension of U.S. engagement. The Gaza statement follows Tokayev’s remarks last week about the United Nations after technical failures during Trump’s UNGA appearance. Tokayev described the incident as “an extremely dangerous incident” and “a most serious shortcoming — one might even say a failure — of the UN Secretariat and the relevant services and departments.” He noted that, “The decision to conduct an investigation has already been made and is correct.” He linked the investigation into the failure to broader questions about the UN’s credibility, echoing Trump’s frustrations with the institution. Alongside these public remarks, Tokayev has made changes to Kazakhstan’s diplomatic team, recalling the ambassador to Washington and appointing a new foreign minister. While the reshuffle followed Tokayev’s return from New York, it also appears to reflect a deliberate recalibration of Kazakhstan’s diplomatic apparatus, with the new team brought in to carry forward these emerging foreign policy priorities. Taken together, these moves highlight Kazakhstan’s shift toward a more visible diplomacy, with Astana’s decisions increasingly aligned with Washington. By endorsing Trump’s Comprehensive Peace Plan, Tokayev has signaled a convergence with the former U.S....

Tokayev in New York: $100B U.S. Investment Push Boosts Kazakhstan Ties

Kazakhstan and the United States are continuing to strengthen their strategic partnership, with investment playing a central role. At a roundtable with U.S. business representatives in New York, President Kassym-Jomart Tokayev stated that American investments in Kazakhstan’s economy have surpassed $100 billion. “Today, more than 630 American companies are successfully operating in our country, including Chevron, ExxonMobil, Boeing, Visa, Mastercard, Meta, Wabtec, and Citibank. We regard the U.S. as an important strategic partner and reaffirm our commitment to further developing multifaceted cooperation,” Tokayev said. The president noted that Kazakhstan’s economy grew by 6.5% in the first eight months of 2025. He added that ongoing political and economic reforms are creating favorable conditions for long-term growth and attracting further investment. Energy and Uranium: The Cornerstone of Cooperation Energy continues to underpin U.S.-Kazakhstan relations. “We recognize and highly value the large and successful investments of Chevron and ExxonMobil over the past 30 years. Despite all the turbulence in regional geopolitics, their presence in our country has never been questioned,” Tokayev said. He pointed out that Kazakhstan supplies about 40% of the global uranium market and nearly a quarter of U.S. imports. Tokayev also highlighted Kazakhstan’s “four sources” strategy - oil, gas, coal, and uranium - and expressed support for the U.S. approach to coal as a reliable energy source in the near term. $4.2 Billion Wabtec Agreement: A Landmark Deal A key outcome of Tokayev’s U.S. visit was the signing of a $4.2 billion agreement with American locomotive manufacturer Wabtec. According to the U.S. Department of Commerce, the deal will see Kazakhstan’s national railway company, Kazakhstan Temir Zholy (KTZ), acquire 300 ES44Aci Evolution Series freight locomotives over the next decade. U.S. Secretary of Commerce Howard Lutnick described the contract as the "largest in history,” noting it would create approximately 11,000 jobs in Texas and Pennsylvania. “This is not just a story of massive success, it’s an example of how American innovation strengthens global leadership,” he posted on X. Wabtec President and CEO Rafael Santana added, “This project represents KTZ’s ambition to transform Kazakhstan’s railway network into a key bridge between Europe and Asia.” Tokayev has emphasized that Kazakhstan is upgrading transport hubs and rolling out a “Smart Cargo” digital customs and logistics system to streamline east–west and Trans-Caspian transit traffic. Presidential Support: Trump and Tokayev Hold Call The Wabtec agreement was preceded by a phone call between U.S. President Donald Trump and President Tokayev. “I just concluded a wonderful call with the Highly Respected President of Kazakhstan, Kassym-Jomart Kemeluly Tokayev,” Trump wrote on Truth Social. He emphasized the significance of the locomotive deal and linked it to his broader support for revitalizing U.S. infrastructure. “We need to support our rail industry, which has been attacked for years by ‘fake environmentalists.’ Now railroads are coming back and fast!” he said. Observers noted that Trump’s personal involvement underscored the political importance of the agreement for bilateral relations. Green Energy Progress: SAF Plant with LanzaJet Another notable development was the agreement between Kazakhstan’s national oil...