• KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 3

Gazprom Eyes Central Asia Amid European Sanctions

Facing a shortfall in European gas exports due to Western sanctions, Gazprom anticipates it will sell 34 billion cubic meters of unexported gas to Central Asia, according to recent reports. "In light of the ongoing changes in the global energy market, Gazprom remains committed to ensuring a reliable gas supply to Russian consumers and bolstering export capabilities. A key focus for the company in this regard has been fostering collaboration with Kazakhstan, Uzbekistan, and Kyrgyzstan," Gazprom stated in a press release. The company confirmed a drop in gas exports to Europe of 34 billion cubic meters in the first eleven months of 2023, marking levels not seen since 1996. An earlier announcement by the Ministry of Energy of Uzbekistan unveiled a 15-year gas purchase agreement with Gazprom, extending the deal to include Kazakhstan, which involves a new pipeline construction. In October, reports indicated the commencement of Russian gas deliveries to Uzbekistan through Kazakhstan. However, the specifics of this arrangement have not been disclosed to date. Alexey Miller, Gazprom's chief, outlined plans to expand the Central Asia gas pipeline system in November, highlighting memoranda signed with Uzbekistan, Kazakhstan, and Kyrgyzstan, and expressing optimism that the project will rejuvenate this pipeline network. During the Soviet era, gas from the region was transported to Russia via the Central Asia–Center gas pipeline. After the USSR's dissolution, the pipeline ceased operations and deteriorated, requiring substantial refurbishment to enable gas supplies from Russia to Central Asia. Miller noted the completion of the initial repair stage of the Central Asia-Center gas pipeline, facilitating gas delivery to Uzbekistan via Kazakhstan. Earlier this year, Tashkent inked a two-year gas supply contract with Gazprom amounting to approximately 2.8 billion cubic meters annually. Despite these developments, details regarding the pricing of the purchased gas remain undisclosed. Which according to Uzbekistan's Energy Minister, Zhurabek Mirzamakhmudov, is “in alignment with national interests and market dynamics.”

Company in Uzbekistan Sanctioned by UK

British authorities have recently imposed fresh sanctions targeting individuals and entities suspected of aiding the "Russian military apparatus," which notably includes Uzbekistan-based company Mvizion. This expanded sanctions list encompasses 46 entities linked to weapons production or the import of defense goods for Russia, comprising thirty foreign enterprises, among them those from Uzbekistan. A statement from UK authorities outlined, "Today's measures will prevent Putin from outfitting his military through intermediary supply chains in Belarus, China, Serbia, Turkey, the UAE, and Uzbekistan," citing Mvizion's role as an intermediary in supplying spare parts to Russia. Mvizion had previously been sanctioned by the United States in November, linked by the US Department of Commerce to drone production for the Russian armed forces. The Unified State Register of Enterprises and Organizations shows Mvizion's registration on June 14, 2022, with its primary activity listed as the "wholesale of electronic and telecommunication equipment and related spare parts." Igor Nikolaevich Ievlev is identified as the sole founder and director. David O'Sullivan, the EU Special Envoy for Sanctions, addressed Uzbekistan's efforts to counter the re-export of European goods under sanctions to Russia, emphasizing the significance of economic diversification for the country. "We do not intend to disrupt Uzbekistan's traditional trade relations," he emphasized.

Kyrgyzstan: EU Holds Training Workshops on Sanctions Against Russia

As reported by the press and information team of the Delegation of the European Union to the Kyrgyz Republic, on November 9th and 10th, the European Union organized training workshops in Bishkek, Kyrgyzstan on EU sanctions against Russia, with support from the International Science and Technology Center (ISTC), and the Association of Certified Sanctions Specialists (ACSS). The primary aim of the workshops was to raise awareness of EU sanctions and their application, and to prevent possible circumvention of these measures. On the 9th, the meeting saw government officials gather, whilst the second day was dedicated to a workshop which targeted private operators in Kyrgyzstan interested in improving their awareness of EU sanctions. “I am delighted that so many people from the Kyrgyz authorities and the private sector chose to attend the EU Sanctions Training Seminar this week”, said the acting Head of the EU Delegation to Kyrgyzstan, Ms Lene Volkersen. “It has been great to witness the strong Kyrgyz interest in understanding how EU sanctions work. The ultimate goal of the EU’s sanctions against Russia is to undermine its ability to continue waging war against Ukraine, and we welcome that Kyrgyzstan is not willing to be used as a platform for sanctions circumvention. We look forward to continuing this dialogue with government authorities, as well as private sector”. The training workshops were conducted by a team of EU representatives and sanctions experts, and consisted of presentations and interactive question and answer sessions.

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