• KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09146 -2.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09146 -2.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09146 -2.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09146 -2.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09146 -2.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09146 -2.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09146 -2.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09146 -2.56%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
02 December 2024

Viewing results 1 - 6 of 59

Navigating Energy and Diplomacy: Putin’s Visit to Kazakhstan

The Kremlin has confirmed that Russian President Vladimir Putin will visit Kazakhstan on November 27 at the invitation of Kazakh President Kassym-Jomart Tokayev. The visit is expected to focus on several key issues, with the construction of Kazakhstan's first nuclear power plant likely to be high on the agenda. As part of the visit, the two leaders will participate in the 20th Forum of Inter-regional Cooperation between Kazakhstan and Russia via video conference. Additionally, Putin will attend the regular session of the Collective Security Treaty Organization (CSTO) Collective Security Council, chaired by President Tokayev, on November 28. The meeting will involve heads of state from Russia, Kazakhstan, Belarus, Kyrgyzstan, and Tajikistan, as well as CSTO Secretary General Imangali Tasmagambetov. The agenda includes discussions on regional and international security, with a program to strengthen Tajik-Afghan border security set to be adopted. Notably, given its currently tumultuous relationship with Russia in the wake of Azerbaijan's invasion of Nagorno-Karabakh, Armenia will not participate, with its Foreign Minister, Ararat Mirzoyan having opted out of attending. Focus on Nuclear Power and the Role of a Consortium Experts believe that Putin’s visit will include discussions on nuclear energy. This aligns with recent remarks by Kazakh Energy Minister Almasadam Satkaliyev, who stated that Kazakhstan is open to discussing nuclear power plant construction with Russia, among other potential partners. Satkaliyev emphasized that energy issues remain a cornerstone of international cooperation, and Kazakhstan has established an intergovernmental commission to evaluate proposals from various vendors on a competitive basis. Kazakhstan’s First Deputy Prime Minister Roman Sklyar has highlighted the importance of forming an international consortium for the project. Speaking in September, Sklyar noted that political risks and safety concerns would be addressed during the process. He also emphasized the need to incorporate cutting-edge technologies from global leaders in the nuclear energy sector. On November 14, Kazakh Prime Minister Olzhas Bektenov met with Alexei Likhachev, Director General of the Russian State Atomic Energy Corporation, Rosatom. The meeting focused on cooperation in nuclear energy, quantum technologies, digitization, and the development of human resources. Rosatom, a diversified company involved in engineering and construction, currently has 39 nuclear power units in various stages of development across ten countries. Public Support and Future Plans The potential construction of a nuclear power plant in Kazakhstan has garnered significant public support. In an October 2024 referendum, 71.2% of Kazakh voters approved the initiative. Commenting on the result, Tokayev suggested that an international consortium involving global companies with advanced technologies would be the best approach for the project. Kazakhstan’s energy landscape is characterized by a reliance on aging thermal power plants, which are increasingly unable to meet the demands of a growing population and economy, with electricity shortages projected to worsen, particularly in the rapidly developing southern regions. The construction of a nuclear power plant, therefore, is seen as a crucial step toward alleviating these shortages, reducing dependence on overpriced imports from Russia, and achieving carbon neutrality goals. The construction of Kazakhstan’s first nuclear power plant presents both...

Repeal of Jackson-Vanik Amendment for Kazakhstan Discussed in Washington

On November 19, the U.S. Congress hosted a discussion on repealing the Jackson-Vanik Amendment as it pertains to Kazakhstan. The event brought together members of Congress, officials from the U.S. State Department, Kazakhstan’s Ambassador to the United States, Yerzhan Ashikbaev, and representatives from business and expert communities. A Cold War-era provision, the Jackson-Vanik Amendment to the 1974 Trade Act denied the U.S. normal trade relations with non-market economies — primarily countries in the former Soviet bloc — that restricted emigration for Jewish and other minority populations or violated human rights. In his opening remarks, Ambassador Ashikbaev underscored the importance of repealing the amendment for Kazakhstan, highlighting the country’s transformation into a regional leader in attracting foreign investment and promoting stability in Central Asia. “Over the past 30 years, Kazakhstan has emerged as the second-largest economy in the post-Soviet space, accounting for two-thirds of Central Asia’s GDP. The repeal of the Jackson-Vanik Amendment and the establishment of Permanent Normal Trade Relations with Kazakhstan is a strategic move that will strengthen ties between Kazakhstan and the U.S., providing stability and predictability for American investors,” the ambassador stated. Congressman Tom Suozzi commended Kazakhstan for its efforts to promote religious freedom and the rule of law. He also emphasized that the U.S. recognizes Kazakhstan’s geopolitical challenges and the critical role of strengthening economic security in the region for mutual prosperity. Senator Chris Murphy stressed the strategic importance of Central Asia in U.S. foreign policy. He argued that repealing the amendment would signal Washington’s serious commitment to the region. While the amendment's sanctions were effective in the past, Murphy noted they are now irrelevant to Kazakhstan, which fully complies with international norms. Senator Steve Daines, co-chair of the Senate Central Asia Caucus, reflected on his visit to Kazakhstan in March. He described the establishment of the caucus following his trip and assured participants of his ongoing efforts to achieve Permanent Normal Trade Relations between the U.S. and Kazakhstan. Eric Rudenshiold, Senior Fellow at the Caspian Political Center and former National Security Council official, also emphasized the need for repeal. He noted that this step should have been taken earlier, given Kazakhstan’s significant political and economic progress over 33 years of independence. He described the repeal as both justified and timely. Participants in the discussion concluded that, given Kazakhstan’s successful economic reforms and its adherence to market economy principles, the Jackson-Vanik Amendment is no longer relevant.

Kazakhstan’s Ambassador: Kazakh Companies Do Not Want To Be Under Sanctions

Kazakh companies seek to avoid secondary sanctions, but the country will continue to cooperate closely with Russia. This was stated by Kazakhstan's Ambassador to Russia, Dauren Abayev, at a press conference in TASS news agency. According to him, about ten companies in the country have fallen under such sanctions, but these are isolated cases. “Kazakh companies, naturally, do not want to be under sanctions, as any restrictions have a negative impact on their activities,” Abayev emphasized. Nevertheless, he noted that strategic partnership and allied relations remain between Kazakhstan and Russia, and the growth of trade turnover confirms the continuation of cooperation. Earlier in August, Kazakhstan's Deputy Prime Minister Serik Zhumangarin said in an interview with Bloomberg that the republic would not blindly follow sanctions against Russia but would take into account international restrictions. He emphasized that Kazakhstan will not allow a ban on trade for its companies, but the country cannot completely ignore the sanctions because of the risk of economic isolation. Kazakhstan's Minister of National Economy Nurlan Baibazarov commented in early November on Kazakhstan companies being placed on the UK sanctions lists, saying that these violations are not systemic. He said the sanctions were mainly one-day firms, and the republic continues to comply with international restrictions.

Mirziyoyev Offers to Bring Wounded Palestinians to Uzbekistan for Treatment

On November 11, Uzbekistan's President Shavkat Mirziyoyev delivered a speech at the extraordinary Arab-Islamic Summit in Riyadh, Saudi Arabia, expressing concern over the spread of the Middle East conflict into Lebanon. He reiterated Uzbekistan’s support for initiatives to resolve the Palestinian-Israeli issue peacefully and diplomatically. In his speech, Mirziyoyev said, “Uzbekistan fully supports all practical initiatives to address the Palestinian-Israeli problem through peace and diplomacy. We believe today’s Summit will demonstrate common political will and unity, develop effective global and regional mechanisms and specific solutions, and swiftly put them into practice.” Mirziyoyev called for the United Nations and the Security Council to play an increased role in ending hostilities. He emphasized the need for safe humanitarian corridors and the immediate initiation of peace talks. With the Palestinian national holiday on November 15 approaching, Mirziyoyev underscored the nation’s right to an independent state with East Jerusalem as its capital, based on the 1967 borders. He also supported the Global Alliance for Implementing the Two-State Solution initiated by Saudi Arabia. Mirziyoyev called for expanding humanitarian aid to Palestine and Lebanon to prevent the escalation of the crisis and confirmed Uzbekistan’s readiness to treat wounded Palestinian children and women in its hospitals. He announced plans to discuss further assistance at the Gulf Arab States – Central Asia summit in Samarkand next year. Finally, he stressed the importance of preserving the Al-Aqsa Mosque and other cultural monuments in Jerusalem, urging members of the Organization of Islamic Cooperation to prioritize protecting these historic sites. Mirziyoyev concluded by urging an urgent and unified response to the crisis and highlighting Uzbekistan’s commitment to peace and humanitarian support in the region.

Central Asia and South Korea Seek to Expand Cooperation

The 17th Central Asia–Republic of Korea Cooperation Forum, which took place in Seoul on November 4, addressed key areas of partnership between Central Asian countries and South Korea in sectors such as transport and logistics, energy, critical minerals, digital transformation, environmental issues, and tourism. Speaking at the forum, Kazakhstan’s Minister of Foreign Affairs, Murat Nurtleu, emphasized the importance of transport connectivity for the region’s sustainable economic growth. Kazakhstan is developing the Trans-Caspian International Transport Route to ensure safe and efficient cargo transportation from Asia to Europe. The Kazakh minister invited Korean companies to participate in major projects to expand the route’s capacity to 10 million tons of cargo annually. Addressing energy cooperation, Nurtleu highlighted Kazakhstan’s abundant natural resources, including rare earth metals and uranium. The Kazakh Foreign Minister expressed hope that Korean companies would join projects for resource extraction and processing and participate in a consortium to construct a nuclear power plant in Kazakhstan. Nurtleu stated, "Central Asian countries and the Republic of Korea are natural partners connected by a shared history, Altai heritage, and traditional trade relations dating back to the Silk Road era. The Republic of Korea is increasingly vital in the economic and technological development of the entire Central Asian region.” At the forum, Kyrgyzstan’s First Deputy Minister of Foreign Affairs, Asein Isaev, highlighted the growing role of South Korea as a high-tech nation interested in strengthening supply chains for energy resources and rare earth metals and developing transport and logistics routes with Kyrgyzstan and other Central Asian countries. As part of the forum, South Korea's President Yoon Suk Yeol met with the heads of Central Asian delegations and pointed out Korea’s interest in strengthening relations with Central Asian countries through the K-Silk Road initiative. This strategic program supports Korean infrastructure development in Central Asia in exchange for improved access to the region’s raw materials and critical minerals. During his visit to Kazakhstan in June, Yoon Suk Yeol emphasized the importance of strengthening the strategic partnership between Kazakhstan and South Korea to supply critical minerals.

Bakyt Baketayev: Organization of Turkic States Is About Investment, Not Politics

The 11th summit of the Organization of Turkic States (OTS), which includes Kyrgyzstan, Kazakhstan, Uzbekistan, Turkmenistan, Azerbaijan, Turkey, and Hungary (as an observer), was held in Bishkek, Kyrgyzstan's capital. Speaking with The Times of Central Asia, Kyrgyz political analyst Bakyt Baketayev noted that the OTS was initially created on a cultural and linguistic basis. However, the turbulent geopolitical situation in the world gave the organization impetus for its current development. “The catalyst for the development of the OTS was the geopolitical situation and military-political events in the world. At the beginning of the organization's work - in 2009 - the countries worked on cultural programs and common spiritual issues uniting Turkic peoples. Today, the members of the OTS already cooperate at the level of governments, ministries, and agencies and discuss economic issues,” Baketayev said. Baketayev drew attention to the composition of the Organization of Turkic States. It includes countries representing different economic and political associations: NATO (Turkey), the European Union (Hungary), and the EAEU (Kyrgyzstan and Kazakhstan). “We should not expect any big results from the OTS summit. There will be no common political statements - the countries are scattered geographically and have different interests. But from the economic point of view of trade development and investment development, concrete steps are quite possible,” Baketayev said. The analyst is confident that the Organisation of Turkic States will help overcome problems related to hydropower and the lack of water resources in Central Asia. If the heads of state have common economic interests, they will be more likely to reach an agreement.