• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09639 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09639 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09639 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09639 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09639 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09639 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09639 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09639 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
07 May 2025

Viewing results 1 - 6 of 21

How Tokayev’s Kazakhstan Bridges Global Powers

Amid the ongoing reshaping of the global order, Kazakhstan is seeking to enhance its role as an emerging middle power. Preserving strong relations with all key geopolitical actors, strengthening its position as a de facto leader in Central Asia, and developing closer ties with other influential states on the world stage appear to be Astana’s top foreign policy priorities. The largest Central Asian state is one of the few countries that maintains good relations with geopolitical rivals such as China and the United States, as well as Russia and the European Union. At the same time, Astana is actively developing closer ties with the Turkey-led Organization of Turkic States, while firmly upholding its longstanding commitment to international law. It is, therefore, no surprise that, during the recently held EU- Central Asia summit in Samarkand, Kazakhstan, along with Turkmenistan and Uzbekistan, backed two UN resolution from the 1980s that reject the unilaterally-declared independence of the Turkish Republic of Northern Cyprus and deem all secessionist actions there legally invalid. Such a policy perfectly aligns with Kazakhstan President’s Kassym-Jomart Tokayev’s 2022 statement, in which he affirmed Astana’s non-recognition of Taiwan, Kosovo, South Ossetia, or Abkhazia, and the entities he described as quasi-states, namely Luhansk and Donetsk. “In general, it has been calculated that if the right of nations to self-determination is actually realized throughout the globe, then instead of the 193 states that are now members of the UN, more than 500 or 600 states will emerge on Earth. Of course, it will be chaos,” Tokayev stressed. In other words, Kazakhstan upholds the principle of territorial integrity for all UN-member states, a stance similar to China’s policy. Despite their history of often supporting the right to self-determination over the principle of territorial integrity, Russia and the West do not seem to oppose Tokayev’s approach. As a result, the President of Kazakhstan remains one of the few world leaders who can attend the May 9 Victory Day parade in Moscow, regularly meet with EU officials, and participate in China-led initiatives. As the first Central Asian leader to speak with newly elected U.S. President Donald Trump in December 2024, Tokayev is also signaling his intention to deepen relations with the United States. All these actions demonstrate that, for Kazakhstan under Tokayev, the well-known multi-vector foreign policy remains without an alternative at this point. Although it is Nursultan Nazarbayev, Kazakhstan’s first president, who initiated this approach, it is Tokayev who has been actively implementing it since he came to power in 2019. That, however, does not mean that "multivectorism" has become Astana’s official ideology. It is rather a tool the energy-rich nation’s policymakers are using to improve their country’s position in the international arena. Nowhere is that more obvious than at the Astana International Forum – an annual summit taking place in Kazakhstan’s capital – where leaders from diverse countries, often with differing goals and values, come together to discuss global challenges, foster dialogue, and seek common ground. The fact that this year Astana will host...

Gas Crunch in Uzbekistan: Industry Falters as Demand Surges

In the first two months of 2025, Uzbekistan's natural gas production declined by 4.2% compared to the same period in 2024, continuing a troubling trend that has seen output fall from 61.59 billion cubic meters in 2018 to 44.59 billion cubic meters in 2024. This persistent decrease raises concerns about the nation’s energy security and economic stability. Once among Central Asia’s energy success stories, Uzbekistan became a net importer of natural gas in 2023, a symbolic turning point for a country whose identity was long intertwined with hydrocarbon abundance. The extent of the strain was demonstrated in December 2024, when gas stations around the country were forced to close during a cold snap as heating systems across the country kicked into action. This led drivers of methane-powered cars, which are common in the country given that it costs about $15 to fill the tank as opposed to $40-50 in a gasoline-powered vehicle, into a desperate hunt for places to fill up. Kilometer-long queues formed, and drivers ferociously competed to be first to the pump. Such scenes have become a familiar sight in the Uzbek winter as gas production has fallen. “Uzbekistan’s gas production is already quite mature,” Anne-Sophie Corbeau of Columbia University’s Center on Global Energy Policy told The Times of Central Asia. “The existing fields are entering a phase of decline. The reserve-to-production ratio was around 18 years based on 2020 data, and the situation is unlikely to be much better now.” Put simply, the country is running out of easy gas. Despite repeated efforts to locate new reserves, particularly in the under-explored Ustyurt region, exploration has so far failed to yield significant breakthroughs. Even if discoveries are made, the timeline to bring new fields online would mean little impact before 2030, at best. In parallel, demand for gas has remained stubbornly high. Corbeau noted that “the country’s energy mix and electricity generation are very dependent on natural gas. And Uzbekistan is one of the countries with the lowest wholesale gas prices in the world.” Those prices have long distorted both domestic consumption and investor interest, keeping demand high while choking off potential upstream capital. [caption id="attachment_30630" align="aligncenter" width="1209"] Image: Wholesale Gas Price Survey 2024 Edition. International Gas Union. https://www.datocms-assets.com/[/caption] This sentiment is echoed by Irina Mironova, Senior Energy Analyst at the New Energy Advancement Hub. “Domestic production is declining faster than consumption,” she said, “and domestic gas pricing is not market-based. It remains below the price of imported gas, which undermines the investment appeal of upstream projects for foreign investors.” The government has undertaken some measures to control demand over the past year, raising the tariffs for electricity and gas by 52.5% and 71% respectively, hitting consumers in the pocket in an attempt to alter the wasteful use of scant resources. On the supply side, the government has declared a bold ambition to raise production to 62 billion cubic meters annually under its Uzbekistan–2030 development strategy, but observers remain skeptical. “They’ve tried to facilitate exploration, especially in the...

EU-Central Asia Summit Opens New Opportunities for Kazakhstan

The first-ever summit between the European Union and the five Central Asian countries opened on April 3 in Samarkand, Uzbekistan. The meeting marks a milestone in regional diplomacy, as both sides seek to deepen cooperation amid growing geopolitical shifts. Kazakhstan, in particular, is entering the summit with growing international clout, thanks to its stable economic performance and balanced foreign policy approach. European Council President António Costa and European Commission President Ursula von der Leyen are representing the EU at the summit, which is being chaired by Uzbek President Shavkat Mirziyoyev. According to official sources, the summit aims to demonstrate mutual geopolitical interest and expand collaboration between Europe and Central Asia across key areas. The agenda includes strengthening multilateral ties, addressing shared security threats, enhancing economic and investment cooperation, and advancing collaboration under the EU’s Global Gateway initiative. Focus areas also include energy, climate neutrality, connectivity, and green transition, along with mobility and cultural exchange. The EU is already the region’s second-largest trading partner, accounting for 22.6% of Central Asia’s total foreign trade in 2023. It is also the largest source of foreign investment, responsible for over 40% of the region’s total inflows. Kazakhstan's President Kassym-Jomart Tokayev is attending the summit, following a bilateral meeting with President Mirziyoyev in Almaty on March 29. Also expected to participate are Kyrgyz President Sadyr Japarov, Tajik President Emomali Rahmon, and Turkmen President Serdar Berdimuhamedov. At the summit, the EU is set to unveil a substantial investment package for Central Asia, with priority sectors including transportation infrastructure, critical raw materials, energy transmission, and digitalization. European Commission President von der Leyen emphasized that Central Asia’s significant natural resources and industrial potential align with Europe’s sustainability goals. “Europe aims to create a complete value chain, not merely purchase raw materials. This is vital for generating local employment and upholding high environmental and social standards,” she said. Additional EU funding will be directed toward green energy projects and improvements to Uzbekistan’s water infrastructure. According to Tair Nigmanov, an international relations expert, the EU’s increased engagement stems from heightened geopolitical rivalry. “We are situated between major powers like Russia and China. The EU, as another global player, wants Central Asia to remain neutral and not gravitate toward any single power center,” Nigmanov told Inform.kz. “To that end, it is offering investment, trade opportunities, and political assurances.” For Kazakhstan, the summit presents a strategic platform to attract investment, reinforce its non-aligned stance, and leverage its growing geopolitical relevance in an increasingly multipolar world.

EU’s Kaja Kallas: Russia Must Not Use Central Asia to Bypass Sanctions

European Union sanctions against Russia are affecting Central Asian economies, but the EU remains determined to prevent the region from being used to circumvent those measures. This was emphasized by EU High Representative for Foreign Affairs Kaja Kallas during the 20th EU-Central Asia Ministerial Meeting held in Turkmenistan's capital, Ashgabat. “The EU has introduced 16 sanctions packages to weaken Russia’s military machine, and we are working on the 17th,” Kallas stated. “I understand these sanctions impact your economy, but we all want this war to end. Russian companies must not use Central Asia to bypass these restrictions.” The ministerial meeting on March 27 brought together the foreign ministers of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Discussions centered on preparations for the upcoming EU-Central Asia Summit, scheduled for April 2025 in Samarkand. Strengthening U.S.-Uzbekistan Ties In a parallel development, U.S.-Uzbekistan relations are showing signs of deeper engagement. On March 26, Ambassador Furkat Sidikov hosted a Congressional Breakfast with U.S. Representative Trent Kelly, focused on trade and investment opportunities. Congressman Kelly praised Uzbekistan’s ongoing reforms and expressed support for lifting the Jackson-Vanik Amendment, a Cold War-era restriction on trade. A Shift in U.S. Strategy Toward Kazakhstan Meanwhile, experts are calling for a more nuanced U.S. approach to Kazakhstan. Dr. Robert M. Cutler, Times of Central Asia correspondent, noted that Kazakhstan’s close ties with Russia and China stem from geopolitical necessity rather than ideological alignment. He urged Washington to maintain consistent engagement with Kazakhstan and prioritize economic and strategic cooperation over political pressure.

EU Pledges Steady Support for Tajikistan Ahead of Historic Central Asia Summit

The European Union will maintain its current level of assistance to Tajikistan despite the recent suspension of U.S. funding through USAID, EU Ambassador to Tajikistan Raimundas Karoblis has confirmed. He emphasized that European and American aid programs operate independently and that EU support will remain unaffected. “Aid from the EU will continue and will not be reduced,” Karoblis stated. He added that the EU's assistance framework for Tajikistan is already set through 2027 and cannot be revised before then. Discussions about increased support may take place after that period.   EU and Central Asia: Toward a Historic Summit On March 27, Ashgabat will host the 20th meeting of foreign ministers from the European Union and Central Asia. The key objective of this gathering is to prepare for the first-ever EU-Central Asia Summit, scheduled for April 3-4 in Samarkand. The summit will bring together the President of the European Council, the head of the European Commission, and the leaders of all five Central Asian states. According to the EU Delegation in Tajikistan, the summit will mark a new milestone in EU-Central Asia relations, reflecting the EU’s deepening political engagement with the region. Financial Assistance and Strategic Priorities Between 2021 and 2027, the EU has committed more than €550 million in aid to Central Asia, with €142 million allocated to Tajikistan. The focus areas include building an inclusive green economy, investing in human capital, and ensuring sustainable management of natural resources. Under its Global Gateway initiative, the EU is working to develop smart and sustainable connectivity across transport, digital infrastructure, energy, and education. A key initiative is the Trans-Caspian Transport Corridor, to which the EU has allocated more than €88 million. Other efforts target enhanced digital and energy integration in the region. In the strategic domain of critical raw materials, the EU has earmarked €16 million to support local value chains and promote sustainable investments. Additionally, through the European Fund for Sustainable Development Plus (EFSD+), €30 million in guarantees have been allocated for renewable energy and raw material extraction projects. Security, Education, and Youth Engagement The EU plays an active role in regional security initiatives. Its BOMCA program supports border management and the fight against transnational crime, while the CADAP program focuses on drug use prevention. In Tajikistan specifically, the EU, in partnership with the OSCE, is implementing a project to strengthen the capacity of border guards along the Tajik-Afghan frontier. The EU also contributes to counter-terrorism efforts and collaborates with the government on related initiatives. Education and youth empowerment are additional EU priorities. From 2013 to 2027, €95 million has been directed toward reforming Tajikistan’s education sector. The Erasmus+ program received €73 million for 2021-2027, enabling students from Central Asia to study at European universities. Youth employment is also being addressed through the €10 million DARYA program, and the recently launched €4.5 million Regional Civil Society Fund (as of September 2024) is aimed at strengthening civic engagement. Karoblis reaffirmed the EU’s long-term commitment to Tajikistan, noting that assistance will remain consistent,...

EU and EBRD to Fund Irrigation Improvements in Kyrgyzstan

On March 17, European Commissioner for International Partnerships Jozef Síkela arrived in Kyrgyzstan, where he met with President Sadyr Japarov to discuss bilateral cooperation and sustainable development initiatives. During the meeting, Japarov emphasized the importance of strengthening trade, economic, and investment ties between Kyrgyzstan and the European Union (EU). “We highly appreciate the ongoing support of the European Union in carrying out democratic reforms and developing a stable and sustainable state in Kyrgyzstan,” Japarov stated. He also proposed expanding cooperation in areas such as green initiatives, early warning systems for natural disasters, low-carbon development, and the transition to renewable energy sources. Japarov highlighted Kyrgyzstan’s role in global environmental advocacy, recalling that the United Nations (UN) had declared 2023-2027 as the "Five Years of Action for the Development of Mountain Regions" at Kyrgyzstan’s initiative. He invited the EU to become a donor for the country’s roadmap for sustainable development in mountain regions, citing shared environmental challenges such as glacier preservation, ecosystem protection, and sustainable growth. EU and EBRD Commit to Infrastructure Development Commissioner Síkela reaffirmed the EU’s commitment to regional integration and connectivity between Central Asia and Europe, highlighting Kyrgyzstan’s renewable energy potential. “Kyrgyzstan has huge potential in the field of renewable energy, and the EU is ready to support projects that bring sustainable and long-term benefits to the region and realize this potential,” Síkela stated. Following their discussions, Japarov and Síkela oversaw the signing of a financial agreement between the Kyrgyz government, the EU, and the European Bank for Reconstruction and Development (EBRD). The agreement launches a major irrigation improvement program in Kyrgyzstan, aimed at enhancing water management and sustainability. Financial Commitments and Infrastructure Projects A financial package of up to €37.96 million will support critical irrigation infrastructure upgrades in Kyrgyzstan’s Jalalabad and Naryn regions. This funding includes: €26.93 million in an EBRD sovereign loan €1.03 million in an EBRD grant €10 million in an EU grant The investment will finance improvements to water intakes, pumping stations, main canals, and distribution networks, with the goal of reducing water losses, cutting electricity consumption, and lowering CO₂ emissions​. Additionally, the EBRD and EU will fund the reconstruction and automation of a section of the Western Great Chui Canal in northern Kyrgyzstan​. A separate financial package of €23.8 million has been allocated under the EBRD’s Regional Integrated Water Resources Management Framework for Kyrgyzstan and Tajikistan, approved by the EBRD’s Board of Directors in 2024. This package consists of: €15.23 million in an EBRD sovereign loan €5 million in an EBRD grant €3.6 million in an EU grant These investments are expected to modernize Kyrgyzstan’s irrigation systems, enhance water resource management, and improve agricultural sustainability. The EU and EBRD’s latest financial commitments to Kyrgyzstan’s irrigation and water management infrastructure highlight growing cooperation between Europe and Central Asia. These projects aim to increase agricultural productivity, enhance climate resilience, and promote sustainable development in the region.