• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 1240

UK Expands Strategic Engagement in Central Asia Amid Growing Global Competition

The world’s largest economies have recently increased their focus on Central Asia. The United Kingdom, alongside the U.S., the European Union, and China, is seeking to strengthen partnerships in a region that was previously not among its top foreign policy priorities. Britain Replicates an Established Format Throughout the years of independence, Kazakhstan and its regional neighbors were often perceived as operating within Russia’s sphere of influence. The war in Ukraine and broader geopolitical shifts have altered international attitudes toward Central Asia. Major powers are now intensifying dialogue with the region, with particular emphasis on economic cooperation. At the end of February, foreign ministers met in London under the Central Asia-UK (CA5+1) format. Although this was the first meeting of its kind in the British capital, the format mirrors similar mechanisms already used by the U.S., the European Union, Russia, China, and Japan. Participants noted that the CA5+1 format has proven to be an effective mechanism for structured and substantive engagement with external partners. The regional agenda is addressed comprehensively, reflecting Central Asian priorities while creating additional opportunities to advance economic initiatives and implement joint projects. Particular attention has been paid to trade diversification, industrial cooperation, sustainable infrastructure development, and unlocking Central Asia’s potential in critical minerals and renewable energy. The meeting also covered economic growth prospects, key challenges facing Central Asian economies, and the expansion of trade and investment. Logistics was a central topic, including the development of the Trans-Caspian International Transport Route, widely known as the Middle Corridor. British Foreign Secretary Yvette Cooper emphasized the strategic importance of Central Asia as a dynamically developing region characterized by sustained economic growth, expanding regional cooperation, and a growing role in international affairs. According to the British participants, the region’s countries are pursuing a pragmatic approach, strengthening connectivity and expanding their participation in shaping a modern architecture of economic and political cooperation. Education and Finance Interest in British education continues to grow across all five Central Asian countries. Four branches of British universities are operating in Kazakhstan, and nearly 6,000 students have earned British degrees through the Bolashak international scholarship program. Uzbekistan and Kyrgyzstan have announced plans to establish international financial centers modeled on the Astana International Financial Centre in Kazakhstan. British Ambassador to Uzbekistan Timothy Smart said that work is underway to create an international financial center in Tashkent based on international arbitration standards. Like the Astana model, the new center will operate under English common law. British Ambassador to Kyrgyzstan Nicholas Bowler highlighted London’s role in assisting with legislation for the International Dispute Resolution Center, which will operate under English law and be located in the Issyk-Kul region. Greater participation by Central Asian companies on the London Stock Exchange is also anticipated. Logistics and Resources British diplomats have placed particular emphasis on cooperation in critical minerals, a priority within the United Kingdom’s global strategy. Projects are underway across the region, accompanied by new agreements and industrial partnerships. Agreements have reportedly been reached between the Kazakh producer Zhezkazganredmet and the British...

An Early European View of Nomadic Central Asia

During a period when Central Asia remained largely unknown to European audiences, Among Kirghiz and Turkimans offered Western readers a rare first-hand account of the vast steppe and desert regions. The book was written in the late nineteenth century by Richard Karutz, a German traveler whose work belongs to the broader tradition of European exploratory travel literature. I first encountered this book while studying in the United States and later incorporated it into my research. A copy preserved in the library of the Catholic University of America in Washington, D.C., was published in Leipzig in 1911. Since then, it has been regarded as one of the more noteworthy works in early European writing on Central Asia. Who Was Richard Karutz? Richard Karutz was a late nineteenth-century German traveler and writer who journeyed through parts of the Russian Empire’s Central Asian territories. Though not widely known today compared to some British or Russian explorers, Karutz represents a generation of European intellectuals fascinated by the perceived “frontier zones” of empire, regions seen as remote, exotic, and culturally distinct. [caption id="attachment_44400" align="aligncenter" width="312"] Richard Karutz[/caption] He was neither a colonial administrator nor a military officer; rather, he traveled as an independent observer. His writings reflect the curiosity of an educated European shaped by the intellectual currents of his era, including Orientalism and the growing interest in ethnography. Like many travelers of his time, Karutz sought to document ways of life he believed were on the verge of transformation under imperial modernization. Across the Steppe and Desert In Among Kirghiz and Turkimans, Karutz traveled among communities then commonly referred to in Russian and European sources as “Kirghiz”, a historical term often applied to Kazakhs, as well as Turkmen tribes. His route took him across vast grasslands, caravan routes, and oasis settlements shaped by pastoral migration, tribal organization, and Islamic traditions. Rather than producing an official report or military survey, Karutz wrote in a personal and descriptive style typical of travel literature. His narrative often reads as impressionistic reflection rather than systematic analysis. He documents everyday life, including nomadic encampments and felt yurts, equestrian culture and elaborate codes of hospitality, tribal leadership and clan loyalty, as well as desert trade routes and caravan movement. Mangyshlak, a peninsula on the eastern coast of the Caspian Sea in present-day Kazakhstan, features prominently in his descriptions. Significant mineral deposits were later discovered there, leading to its designation as a “peninsula of treasures.” Mangyshlak is characterized by stark desert landscapes and was once described as a barren land consisting largely of sand and stone. In the Middle Ages, it served as a gateway for trade between East and West. The region also played a role in the early history of Turkmen communities. Karutz’s writing attempts to capture both the hardship and the quiet grandeur of steppe existence. Depicting Nomadic Society A central strength of the book lies in its attention to social organization. Karutz was particularly struck by the mobility of Kazakh life, seasonal migrations, a livestock-based economy, and...

Opinion: Afghanistan and Central Asia – Security Without Illusions

Over the past year, Afghanistan has become neither markedly more stable nor dramatically more dangerous, despite how it is often portrayed in public discourse. There has been neither the collapse that many feared, nor the breakthrough that some had hoped for. Instead, a relatively unchanged but fragile status quo has persisted, one that Central Asian countries confront daily. For the C5 countries, Afghanistan is increasingly less a topic of speculative discussion and more a persistent factor in their immediate reality. It is no longer just an object of foreign policy, but a constant variable impacting security, trade, humanitarian issues, and regional stability. As such, many of last year’s forecasts have become outdated, based as they were on assumptions of dramatic change, whereas the reality has proven far more inertial. Illusion #1: Afghanistan Can Be Ignored The belief that Afghanistan can be temporarily “put on the back burner” is rooted in the assumption that a lack of public dialogue or political statements equates to a lack of interaction. But the actions of Central Asian states show that ignoring Afghanistan is not a viable option, even when countries intentionally avoid politicizing relations. Turkmenistan offers a clear example. Ashgabat has maintained stable trade, economic, and infrastructure ties with Afghanistan for years, all with minimal foreign policy rhetoric. Energy supplies, cross-border trade, and logistical cooperation have continued despite political and financial constraints, and regardless of international debates over the legitimacy of the Afghan authorities. This quiet pragmatism stands in contrast to both isolationist strategies and symbolic or ideological engagement. Turkmenistan may avoid making public declarations about its relationship with Afghanistan, but it nonetheless maintains robust cooperation. This calculated calmness reduces risks without signaling disengagement. Importantly, this approach does not eliminate structural asymmetries or deeper vulnerabilities. But it dispels the illusion that distancing reduces risk. On the contrary, sustained economic and logistical ties foster predictability, without which attempts to “ignore” a neighboring country become a form of strategic blindness. In this sense, Turkmenistan’s experience affirms a broader regional truth: Afghanistan cannot be removed from Central Asia’s geopolitical equation by simply looking away. It must be engaged pragmatically or dealt with later, in potentially more destabilizing forms. Illusion #2: Security Is Achieved Through Isolation Closely related to the first is the illusion that security can be ensured by building walls. Security in Afghanistan, and in the broader Afghan-Pakistani zone, is often seen as an external issue, something that can be kept out by sealing borders or minimizing engagement. Yet in practice, security is determined less by geography and more by the nature of involvement. This is reflected in the recent decision by Uzbekistan and Kazakhstan to participate in U.S. President Donald Trump's “Board of Peace” initiative. While the initiative focuses on resolving crises outside Central Asia, both countries have framed their participation as essential to their own national and regional security interests. As Abdulaziz Kamilov, advisor to the President of Uzbekistan, explained, Tashkent’s involvement stems from three factors: its own security needs, its foreign policy principles,...

Central Asian Countries Agree to Recognize Each Other’s University Degrees

The governments of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan have officially agreed to mutually recognize higher education diplomas issued within the region. Kazakhstan approved the relevant draft on November 12, as documented in an intergovernmental agreement. The initiative aims to create a unified educational space in Central Asia and eliminate barriers related to qualification recognition. Under the agreement, all five countries will automatically recognize university diplomas that are legally valid, officially accredited, and issued by state higher education institutions in any of the participating countries. Recognition will apply in three key areas: Employment in another Central Asian country Internships Continuing education at the next academic level However, qualifications must meet common higher education standards. Recognition may be denied only if substantial differences in the educational systems are identified. The agreement outlines a clear implementation mechanism: each country will appoint a designated authority responsible for diploma recognition and notify the depositary, which will in turn inform the other signatories. If the structure or authority of the appointed body changes, the state is required to issue an immediate notification through diplomatic channels. Despite agreeing on a shared framework, the countries still maintain varying standards for recognizing foreign university degrees. Uzbekistan, Kyrgyzstan, Turkmenistan, and Tajikistan have agreed to recognize diplomas from universities in any participating country, provided those institutions are legally operating and issue officially recognized state diplomas. Kazakhstan, however, has adopted stricter criteria. It will only recognize diplomas from regional universities that appear in the top 1,000 of the following international rankings: Quacquarelli Symonds World University Rankings (QS) Times Higher Education (THE) Academic Ranking of World Universities (ARWU) Diplomas from these universities will allow holders from participating countries to work, intern, or pursue further studies in Kazakhstan, subject to an application process. The agreement is expected to ease the movement of skilled professionals within Central Asia and reduce bureaucratic barriers to regional academic and professional mobility.

Made In Central Asia: Leaders Eye $20 Billion Trade Milestone as Regional Cooperation Deepens

The first meeting of trade and investment ministers from Central Asian countries, joined by Azerbaijan, has taken place in Tashkent, where participants agreed to nearly double mutual trade to $20 billion and discussed launching a regional brand, Made in Central Asia. Opening the session, Uzbekistan’s Minister of Investment, Industry, and Trade, Laziz Kudratov, highlighted the substantial potential for increased trade due to the complementarity of regional economies and growing business interest in joint initiatives According to Uzbek data, intra-regional trade doubled between 2017 and 2024, reaching approximately $11 billion. Kudratov proposed developing an action plan to raise trade turnover to $20 billion. The proposed strategy includes harmonizing customs procedures, implementing digital document management, mutually recognizing permits, and developing “single window” systems at borders. Additional measures under discussion include creating a regional electronic catalog of goods and producers and integrating the digital platforms of chambers of commerce, industry, and export agencies. Uzbekistan also proposed hosting the Central Asia and Azerbaijan Investment Forum in Samarkand in 2026, positioning it as a platform to launch the Made in Central Asia brand. Kazakhstan’s Minister of Trade and Integration, Arman Shakkaliev, urged countries to shift from a “buy-sell” model to an “invest-produce-sell” approach. He noted that Kazakhstan is entering a new investment cycle aimed at building export-oriented industries and sustainable value chains. Shakkaliev added that the upcoming industrial cooperation development program with Uzbekistan could be expanded to other Central Asian countries and Azerbaijan. Kazakhstan also supported the common branding initiative and proposed a pilot project using digital trading platforms. Tajikistan’s Minister of Economic Development and Trade, Zavki Zavkizoda, underscored the importance of digital technologies and cited examples of regional companies operating at an international level. Nazar Agakhanov, Turkmenistan’s Minister of Trade and Foreign Economic Relations, stressed that simplifying trade procedures and developing electronic platforms are essential to meeting shared goals. Ashgabat expressed its readiness to join the working group to be established following the meeting. Kyrgyzstan was represented by its ambassador to Uzbekistan, Duishonkul Chotonov, who noted that Bishkek views the format as a platform for collective decisions that advance regional economic development. Azerbaijan’s First Deputy Minister of Economy, Elnur Aliyev, reported that trade with Central Asian states grew by 58% in the first nine months of 2025, surpassing $1 billion. He said Azerbaijan is prepared to expand its transport infrastructure through new logistics hubs and the promotion of joint ventures. The meeting concluded with the signing of a joint communiqué expressing intentions to deepen economic ties, establish joint ventures, and develop new instruments for investment cooperation. The seventh Consultative Meeting of the Heads of State of Central Asia will be held in Tashkent on November 15-16. Azerbaijani President Ilham Aliyev is also expected to attend.

How U.S. and EU Sanctions Are Rippling Through Central Asia

Russia’s economy has faced renewed pressure following a fresh round of sanctions imposed this past week by both the European Union and the United States. After abruptly canceling a planned meeting with Vladimir Putin in Budapest, President Donald Trump shifted to a more hardline stance, announcing new sanctions. While these sanctions may not cripple Moscow, they are already having secondary effects on Central Asia, particularly on Kazakhstan’s banking and energy sectors. The EU's 19th sanctions package, adopted on October 22, introduces a phased ban on Russian liquefied natural gas (LNG). According to Reuters, short-term contracts will be terminated within six months, while long-term contracts are to expire by January 1, 2027. The package also includes a total ban on transactions with Russian oil giants Rosneft and Gazprom Neft, an expanded blacklist of so-called "shadow fleet" vessels, and sanctions against 45 companies in Russia and third countries supplying military-related technologies. Of growing concern in Central Asia is the inclusion of several regional financial institutions in the EU's sanctions list. These include the Kazakh branch of Russia’s VTB Bank, Kyrgyz banks Tolubai and Eurasian Savings Bank, and Tajik banks Dushanbe City Bank, Kommertsbank of Tajikistan, and Spitamen. These restrictions are scheduled to take effect between November and December 2025. Both Kyrgyzstan’s President Sadyr Japarov and the nation's Foreign Ministry have publicly expressed dismay over the sanctions, with Japarov urging Western leaders to stop “politicizing the economy.” In his speech at the UN General Assembly in New York in September, Japarov criticized the impact of unilateral sanctions, while the Foreign Ministry has stated that the country adheres to its international obligations and maintains an open dialogue with the EU to prevent risks associated with possible sanctions circumvention. The ministry has proposed launching an independent, internationally recognized audit and forming a joint “Kyrgyzstan-European Union” technical working group to facilitate data exchange, transaction monitoring, and risk assessments. In Kazakhstan, the National Bank downplayed the impact of sanctions against VTB. Deputy Chairman Yerulan Zhamaubayev noted that the bank had already been under nominal restrictions, and handles few transactions. “VTB does not affect the country’s financial stability, and we do not expect serious risks for the economy,” Zhamaubayev stated. However, the latest U.S. sanctions may prove more consequential for Kazakhstan, particularly amid efforts to strengthen bilateral trade with the United States, including through the repeal of the Jackson-Vanik amendment. The U.S. Treasury Department has sanctioned Russian oil majors Rosneft and Lukoil. The latter has deep economic ties with Kazakhstan. Just days before the announcement, on October 14, President Kassym-Jomart Tokayev personally attended the 30th anniversary of Lukoil’s operations in Kazakhstan, awarding CEO Vagit Alekperov the Order of Barys, first class. Oil and gas journalist Oleg Chervinsky reported that the joint venture Kalamkas-Khazar Operating LLP, co-owned by Lukoil and KazMunayGas, is directly affected. “Only the Tengiz and CPC projects, which Lukoil operates with American partners, have been exempted from the sanctions,” Chervinsky noted. A final investment decision for Kalamkas-Khazar was expected in December 2025. Yerkanat Abeni, a member of...