• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10562 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10562 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10562 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10562 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10562 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10562 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10562 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10562 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%

Viewing results 1 - 6 of 25

The Deal Zone: U.S. Secretary of Commerce Howard Lutnick Unveils Economic Agreements with Central Asia at C5+1 Summit

WASHINGTON, D.C. — November 2025 — The United States and Central Asian nations announced a record series of trade and investment agreements at the 10th-anniversary C5+1 Summit, signaling a new phase of cooperation in energy, infrastructure, technology, and artificial intelligence. The high-profile event at the Department of Commerce brought together ministers, ambassadors, and business leaders from across the region. Secretary of Commerce Howard Lutnick said the initiatives reflect Washington’s renewed commitment to long-term regional growth and partnership. “We’re advancing a clear strategy, which is reciprocal trade and strategic investment … the Department of Commerce is helping America and Central Asian firms connect, invest and grow together.” On digital investment, Lutnick said: “If you want to invest in digital, you know, America is going to be open for business. We are open for our great allies to be able to buy our best chips and have them in country, which is a complete change from the prior Biden administration. So if the country has the proper set of digital laws, we will then encourage our great companies to invest digitally in the C5+1 and grow digitally there.” He also described the C5+1 as central to U.S. engagement: “The C5+1 platform is a cornerstone of that strategy" and "We’re proud to see your new initiatives taking shape for energy diversification, logistics modernization, [and] emerging partnerships across the trans Caspian corridor.” The event then moved into the “Deal Zone,” where close to twenty agreements across the region were announced. The Times of Central Asia attended the ceremony and reports below the deals as they were introduced on stage. “These are not abstract projects. They are real investments, creating real jobs, extending connectivity and strengthening resilience from the Caspian all the way to California.” The deals, as announced in sequence during the session, are listed below.   Kazakhstan: Boeing with Air Astana Airlines — Purchase of up to 15 Boeing 787 Dreamliners, opening new North American routes representing Air Astana’s historical largest order. Cove Capital with the Government of Kazkhstan — $1 billion investment to develop the largest known untapped tungsten deposit in the world valued at more than $80 billion. Leidos with KazAero — Modernization of national air-traffic-control systems using Skyline X ATMS technology as well as to facilitate the deployment, testing and training of staff of all their air traffic control centers. John Deere and the Government of Kazakhstan — $3–5 billion agricultural-equipment agreement. 60% involves tractors and seeding equipment manufactured in Iowa, Illinois, and North Dakota. Citigroup with KTZ Locomotives + U.S. EXIM Bank — $1.6 billion export-credit financing for locomotive procurement. This was a follow up to the agreement signed at the recent United National General Assembly meeting, the largest ever locomotive deal in the history of the world. Colorado School of Mines, Education Testing Service, Arizona State University with the Kazakhstan Ministry of Science and Higher Education — Supporting the establishment of a university. The project will substantially contribute to the development of professional engineers and geoscientists with critical...

Washington Steps Up Focus on Central Asia Amid Strategic Competition with China

The United States has intensified its interest in Central Asia following China’s decision to restrict exports of rare earth elements. Amid the broader U.S.–China trade rivalry, Washington is seeking to diversify its sources of strategic raw materials and strengthen economic ties with countries in the region. Analysts note that Central Asia is increasingly viewed as a key part of Washington’s strategy to reduce dependence on Chinese supply chains. However, they point to several obstacles, including high logistics costs, underdeveloped export infrastructure, and what they describe as a high-risk investment environment that limits the commercial viability of many projects. Kazakhstan and Uzbekistan: Pillars of U.S. Engagement Among the countries of the region, Kazakhstan and Uzbekistan offer the greatest potential for rare earth element extraction and present favorable conditions for U.S. cooperation. Kazakhstan is strengthening its partnerships with Western investors in the mining sector, while Uzbekistan has implemented market reforms and opened its economy to foreign capital in recent years. Kazakh President Kassym-Jomart Tokayev, currently visiting the U.S., has reiterated his government’s interest in attracting American investment and technology, including through the C5+1 regional format. After his visit to Washington, he is scheduled to travel to Moscow for a meeting with Russian President Vladimir Putin on November 12, reflecting Kazakhstan’s longstanding policy of balancing relations among major powers. Kyrgyzstan Banks on the Digital Economy Lacking major oil and gas reserves, Kyrgyzstan is pursuing a different path by developing partnerships with the U.S. in financial technology and digital assets. During talks with U.S. President Donald Trump in Washington, Kyrgyz President Sadyr Japarov said the country’s most valuable asset is its educated youth, who are increasingly active in the IT sector. Japarov outlined several initiatives, including the introduction of digital financial instruments such as the national stablecoin KGST. He also noted the importance of the U.S. Genius Act, which regulates stablecoin circulation, calling it one of the most progressive in the world. In response, the U.S. expressed its readiness to expand cooperation in digital transformation and fintech development. Tajikistan Prioritizes Energy and Security Tajik President Emomali Rahmon participated in the C5+1 summit in Washington and held separate talks with President Trump. The discussions focused on energy, investment, and regional security. Rahmon said that peace and stability are essential for sustainable development and reaffirmed Tajikistan’s readiness to expand cooperation with the U.S. in green energy and regional electricity transmission projects. At present, more than 70 U.S.-affiliated companies operate in Tajikistan. American investment in mineral extraction and processing is viewed as a promising area for future collaboration. The two sides also discussed joint efforts to combat transnational threats, including terrorism, extremism, and drug trafficking. Turkmenistan Maintains Its Neutral Stance In contrast to the active diplomatic engagements of its neighbors, Turkmenistan continues to adhere to its traditional policy of neutrality. Ashgabat has so far refrained from joining initiatives that could be perceived as aligning with geopolitical blocs. Nonetheless, the U.S. remains interested in Turkmenistan’s energy potential, particularly regarding prospects for diversifying gas exports to Europe through the...

Opinion: Ex-U.S. Ambassador Warns Washington Has Ceded Information Space in Central Asia

Former U.S. Ambassador to Uzbekistan and Kazakhstan, Daniel Rosenblum, has warned that Washington has “surrendered” its influence in Central Asia’s information sphere, allowing Russia and China to dominate the narrative. His remarks were reported by the Yale Daily News following a lecture at Yale University on September 15. Rosenblum, who served as U.S. ambassador to Uzbekistan from 2019 to 2022 and to Kazakhstan from 2022 to 2025, delivered a speech titled “Battling the Firehose of Falsehood: Confronting Russian Disinformation in Central Asia.” He described how Russian disinformation campaigns frequently portrayed U.S. diplomats as destabilizing actors. In one example from 2023, Russian outlets falsely claimed a NATO base had opened in Kazakhstan. “While it is easy to joke about such an absurd idea,” Rosenblum said, “the intent behind such Russian information operations is deadly serious.” Rosenblum noted that U.S. embassies attempted to counteract these narratives by highlighting tangible achievements, including COVID-19 health initiatives, agricultural partnerships, and academic exchange programs. However, he argued that much of this work has unraveled since 2023, citing the dismissal of over 1,300 State Department personnel, the elimination of USAID programs in the region, and recent cuts to Voice of America and Radio Free Europe/Radio Liberty. “Eight months into the second Trump administration, it seems clear that the information war is over in Central Asia, not because the Russians won. We have simply surrendered,” he said. Rosenblum also emphasized China’s expanding influence through the Belt and Road Initiative, observing that Beijing “was doing a pretty good job of winning friends and influencing people” via infrastructure investment and cultural outreach. In a post-lecture interview, Rosenblum underscored that the challenge is now largely domestic. “The biggest challenge today is ourselves,” he said. “We have to decide as a country, do we want to be engaged in the world or not? If we cut ourselves off from the world, we will ultimately be less secure and less prosperous.” This concern was echoed in earlier analysis for The Times of Central Asia by Arman Amini, a term member of the Council on Foreign Relations and an Atlantic Council Millennium Fellow. “Over the past decade, China has steadily expanded its presence in Central Asia, not through military force, but by building roads, trade corridors, and digital infrastructure,” Amini noted. “As the United States scaled back its regional footprint following its withdrawal from Afghanistan, Beijing moved quickly to fill the void. Today, China has positioned itself as the region’s dominant external power, while the U.S. risks being left on the sidelines.” The lecture was attended by approximately 80 people in person and online. It was organized by the Central Asia Initiative of the MacMillan Center, the Edward J. and Dorothy Clarke Memorial Fund, and Asian Crossroads, a student group dedicated to raising awareness of Central Asia.