• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10724 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10724 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10724 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10724 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10724 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10724 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10724 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10724 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 132

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...

Insider’s View: Uzbekistan–U.S. – A New Era of Environmentally Friendly and Energy-Efficient Investment

Today, environmentally friendly and energy-efficient projects are no longer just a fashionable trend but a factor of global competitiveness. Uzbekistan, once regarded as a country with a resource-based energy system and limited opportunities for the adoption of modern technologies, is now becoming a hub for “green” investment and innovation. A strategic partnership with the United States plays a special role in this process, encompassing key areas ranging from energy and ecology to finance, education, and culture. Clean and innovative projects are becoming the hallmark of Uzbek-American relations, shaping a new model of cooperation in the 21st century. Green Energy and Strategic Partnership Uzbekistan is moving confidently toward a “green” future. While in 2018 renewable energy sources accounted for less than one percent of electricity generation, from January to July 2025, renewables already provided 20.3% of the country’s total electricity. More than 11 billion kWh of “green” energy were produced, including 6.4 billion kWh from solar power plants and 3.6 billion kWh from wind farms. This volume saved 3.6 billion cubic meters of natural gas and prevented over 2.2 million tons of harmful emissions. Every day, renewables now generate about 26.7 million kWh – enough to cover the needs of 7.28 million households for half a year, or 3.64 million homes for an entire year. Currently, 10 solar and 4 wind plants with a combined capacity of more than 4.5 GW operate across 10 regions of the country. A key focus of Uzbek-American cooperation has become “green” energy. In 2025, Allied Green Ammonia (AGA), together with the U.S. company Plug Power, announced a major project for the production of sustainable aviation fuel, green diesel, and urea. The plan includes the supply of electrolyzers with a capacity of up to 2 GW for the future complex. A final investment decision is expected by the end of 2025, and the project has already been recognized as one of the flagship initiatives for Central Asia. Air Products – A Flagship of American Presence Air Products, a global leader in industrial gases and hydrogen energy, occupies a special place in Uzbek-American cooperation. In the Kashkadarya region, the company participates in a large-scale gas-to-liquids (GTL) project worth around $1 billion. The complex is designed to produce about 1.5 million tons of synthetic fuels per year, including diesel, jet kerosene, and naphtha. Its structure includes air separation units, autothermal reformers, and hydrogen production facilities. This project has become a landmark example of how U.S. technologies are transforming Uzbekistan’s energy sector. In addition to GTL, Air Products is actively developing industrial gas production in Uzbekistan. The company participates in oxygen, nitrogen, and hydrogen production projects, introduces the latest PSA units, as well as freezing and storage technologies that reduce food losses and enhance economic resilience. Furthermore, the company has implemented a “green financing” system that links investments to sustainability principles. These projects not only strengthen the country’s industrial potential but also pave the way for positioning Uzbekistan as a regional hub for “green” energy. The company’s future plans...

Uzbekistan and United States Leaders Discuss Expanding Strategic Partnership

According to the office of President Shavkat Mirziyoyev, the Uzbek and U.S. presidents held a telephone conversation on Friday, focusing on ways to deepen their countries’ strategic partnership across economic, security, and cultural fields. The details of the call were provided by the Uzbek president’s office. Strengthening Economic Ties The presidential office reported that both leaders emphasized opportunities to expand trade and investment. Bilateral trade grew by 15% in 2024, and the two sides signaled interest in building on that momentum. Prospective projects span civil aviation, mineral resources, energy, agriculture, digital technologies, finance, and education. Later this month, meetings are expected between Uzbek representatives and leading U.S. companies to explore long-term cooperation. Security and Regional Cooperation According to the statement, security issues also featured prominently in the conversation. The two presidents noted ongoing joint work against terrorism, extremism, and illegal migration. They also exchanged views on regional cooperation in Central Asia, highlighting the role of the “C5+1” dialogue format that brings together the United States and five Central Asian countries. Cultural and Humanitarian Exchanges The Uzbek president’s office noted that the discussion touched on expanding cultural and educational links. Branches of U.S. universities are operating in Tashkent, providing new opportunities for academic exchange. Looking ahead, the leaders noted with satisfaction that Uzbekistan’s national football team will participate for the first time in the 2026 World Cup, which the United States will be the main host of. A Growing Partnership Since Mirziyoyev assumed the presidency in 2016, Uzbekistan has pursued a more open foreign policy and a program of internal reforms aimed at modernizing the economy and improving governance. These changes have created new opportunities for cooperation with Washington. The United States, for its part, has supported regional initiatives through the C5+1 framework, while also seeking closer ties with Tashkent in areas such as counterterrorism, economic development, and education. American universities and companies have increased their presence in Uzbekistan, and cultural exchanges have expanded steadily in recent years. Next Steps The president’s office stated that President Mirziyoyev invited President Trump to pay an official visit to Uzbekistan. Both leaders agreed to maintain high-level contacts and continue advancing joint projects and programs. According to the Uzbek president’s office, the conversation was held in a constructive and friendly atmosphere, underscoring a shared interest in further strengthening Uzbek-American relations.