• KGS/USD = 0.01146 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09316 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%

Viewing results 1 - 6 of 537

Kazakhstan Imposes Temporary Ban on Chicken Egg Imports

Starting April 9, Kazakhstan will impose a six-month ban on the import of fresh chicken eggs, aimed at supporting local poultry farms during a seasonally weak demand period. The measure, signed into effect by Minister of Agriculture Aidarbek Saparov, is outlined in Order No. 101 and targets eggs classified under code TN VED 040721. The ban applies to imports from both non-EAEU countries and fellow Eurasian Economic Union member states and covers all transportation modes. However, transit shipments through Kazakhstan and the movement of eggs between EAEU countries via Kazakh territory are exempt. Why the Ban Was Imposed The Ministry of Agriculture said the decision is intended to support local producers during spring and summer, when demand for eggs traditionally falls. With a seasonal influx of fresh produce and a larger share of household-produced goods on the market, egg prices often dip below cost, putting poultry farms under financial strain. Additionally, warmer temperatures shorten product shelf life and make it technologically difficult for producers to scale down operations. This often leads to warehouse overstocking. To counter these issues, the Interdepartmental Commission on Foreign Trade Policy approved the temporary import restrictions. “In order to protect the domestic market and the sustainability of enterprises, the Interdepartmental Commission on Foreign Trade Policy approved the establishment of temporary restrictive measures,” the ministry said. Advance Planning and Strategic Goals Discussions around restricting egg imports began in February 2025 as part of a broader government initiative to support domestic producers and combat gray imports. Officials expect the ban to help stabilize domestic prices, which surged nearly 12% year-on-year as of October 2024 due to seasonal fluctuations. Prices typically fall in summer but rise again in autumn to offset earlier losses. In a bid to strengthen long-term food security, construction of a new egg and mixed fodder production plant will begin in Turkestan region in 2024. Once operational, the facility is expected to produce around 200 million eggs annually. Authorities Confident in Domestic Supply Despite the potential for price hikes, Minister of Trade and Integration Arman Shakkaliev assured the public there will be no shortage of eggs or poultry products. According to the ministry, domestic producers are capable of fully meeting the country’s summer demand. The government sees the temporary import ban as a strategic tool to stabilize the agro-industrial sector, shield local producers from unfair competition, and promote self-sufficiency in food production.

Trump Tariffs: A Barrier for Kyrgyzstan, or an Opportunity?

Akylbek Japarov, former head of Kyrgyzstan’s Cabinet of Ministers, has described the United States’ newly imposed trade duties as an "economic earthquake" already reshaping global markets. However, he sees an opportunity for Kyrgyzstan, which faces a comparatively low U.S. tariff rate of just 10%. A Regional Advantage Japarov argues that China has been hit hardest by the new U.S. tariffs. “Following the introduction of duties, Chinese goods are 20-35 percent less competitive, not due to the nominal tariff alone, but because of higher overall costs, disrupted logistics, contract renegotiations, and increased risk premiums,” he explained in a Facebook post. “Part of that market is being freed up, for someone else.” Kyrgyzstan, along with Uzbekistan and Tajikistan, faces a 10% U.S. tariff rate. In contrast, Kazakhstan’s goods are subject to 27% duties. Japarov sees this as a competitive edge that Kyrgyzstan could leverage to integrate into new supply chains, especially while global players are adjusting to the new trade landscape. The former prime minister believes the country is well-positioned geographically, situated between China, the Eurasian Economic Union (EAEU), and South Asia, with low production costs and access to regional markets. While Kyrgyzstan’s total trade turnover stands at around $16 billion, the U.S. accounts for only 4% of that figure. Key exports to the U.S. include shoes, tobacco products, animal-derived goods, and pharmaceuticals. Japarov suggests Kyrgyz businesses focus on re-exports, product localization, and packaging. He calls for investments in logistics and customs certification, and for the government to craft a new export strategy. “While some see a threat, others are building export channels. While some are calculating losses, others are increasing production,” he said. An Opening for Business, Not Policy In an interview with The Times of Central Asia, Sergei Ponomarev, president of the Kyrgyz Association of Markets, Trade and Services, said the new tariffs should be viewed as part of a larger negotiation process. “The trade war has begun. China, the European Union, and other countries are already responding. But the duties have also triggered a wave of global inflation. These are high risks but also great opportunities,” he said. Ponomarev noted that Kyrgyzstan’s limited integration with the global economy means it will likely experience only indirect effects. Still, he pointed to past examples of adaptive trade strategies. Before joining the EAEU, Kyrgyz entrepreneurs often re-labeled Chinese products as “Made in Kyrgyzstan” for resale in Russia. In some cases, Chinese producers even falsely labeled their goods as Kyrgyz to benefit from preferential access to the Russian market. He suggested similar tactics could re-emerge under the current trade environment. “Some businesses may exploit the 10% duty. Chinese goods could be repackaged in Kyrgyzstan or processed through joint ventures,” Ponomarev said. “For example, a sweater could arrive from China, sleeves sewn on in Kyrgyzstan, and the product re-exported as local.” Such methods, he noted, may be feasible in low-tech sectors like apparel, but Kyrgyzstan lacks the skilled labor force needed to replicate this in high-tech manufacturing. Ponomarev concluded that while Japarov’s ideas are...

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...

Chevrolet vs China: The Battle for the Future of Uzbekistan’s Auto Industry

ANDIJAN -- Spend long enough in Uzbekistan and you become adept at reading numberplates. While in Paris or Los Angeles, you will generally identify your taxi by its color and its manufacturer; try doing that in Uzbekistan, and you run into a problem: for the past two decades or so, the color and manufacturer have invariably been White and Chevrolet. “Yep, it’s true,” laughed Alisher, as I remarked on this when he collected me from Andijan train station. “90% of the cars are Chevrolets, and 80% of them are white.” But this era of monochrome monopoly may be coming to an end. With the electric vehicle (EV) revolution sweeping the world, Chinese companies have Chevrolet’s kingdom in their sights. A Levy for the Chevy Islam Karimov, Uzbekistan’s first president, was alone among the leaders of former Soviet republics in being a trained economist. Schooled in the planned economy, his powerful state acquired control over key industries and sought to make Uzbekistan self-reliant. It did a deal with South Korean conglomerate Daewoo to open its first factory in Uzbekistan in 1996, while slapping huge tariffs on all cars coming into the country from abroad. Daewoo, caught up in the Asian Financial Crisis in 1998, sold its auto arm to General Motors in 2002. The Detroit giant saw little wrong with the deal they had inherited in Uzbekistan, and so continued to produce Daewoo cars but now under their Chevrolet branding. The partnership transformed streets all across the country, with practically the only other cars to be seen on the roads being old Ladas from the Soviet period. [caption id="attachment_29761" align="aligncenter" width="1600"] A Kia hoarding above, naught but Chevrolet's below; image: Joe Luc Barnes[/caption] This lack of choice nevertheless provided jobs and an industrial base for the country’s auto industry. “I am very proud that Uzbekistan has built such an industry,” said Aziz Shukurov, CEO of A Group, a chain of car dealerships and owner of the nation’s largest network of service stations. “Today, more than one hundred companies operate in the local automotive industry producing parts for the vehicles; a lot of technology has been transferred over the years with tens of thousands of people employed. To my mind, a strong local automotive industry is a substantial asset for any country.” Meeting Mr. Market After Karimov died in 2016, his successor, Shavkat Mirziyoyev, began to embrace the free market. Close to a decade later, Tashkent throughfares are home to ever more foreign brands. Most prominent are South Korea’s Kia and Hyundai and China’s BYD and Changan. “The new president started opening up the country from 2017, giving access to foreign institutions and companies to the Uzbekistan market,” said Farkhodjon Israilov, an expert who specializes in attracting foreign investment into the country. In 2019, the government removed import duties and excise taxes on EVs. Given the growing popularity of EVs since then, the state-owned UzAuto Motors partnered with BYD to open one of only two operational production facilities outside China – the...

Tajikistan to Replace Kazakh Liquefied Petroleum Gas with Russian Supply in 2025

Tajikistan will begin replacing Kazakh liquefied petroleum gas (LPG) with Russian supplies in 2025, Oil and Gas of Kazakhstan reports. Tajik importers plan to increase rail deliveries from Russia next year, following the European Union’s embargo on Russian LPG imports, which took effect on December 20, 2024. As a result, Kazakhstan has redirected more of its LPG exports to Europe, making Russian LPG more competitively priced for Central Asian buyers. Last year, Tajikistan was the largest importer of Kazakh LPG, accounting for 48% of Kazakhstan’s total LPG exports. In December and January, Russian suppliers sent trial batches of LPG to Tajikistan, and discussions are now underway for long-term supply contracts. More than 97% of Tajikistan’s LPG imports arrive by rail through two Uzbek border crossings: Bekabad, which supplies the northern regions, and Kudukli, which serves the southern and central regions, including Dushanbe. At the same time, European imports of Russian liquefied natural gas (LNG) have increased despite EU efforts to reduce reliance on Russian fossil fuels. According to The Guardian, data from Rystad Energy shows that European ports received 17.8 million tonnes of Russian LNG in 2024, over 2 million tonnes more than the previous year. Meanwhile, Kazakhstan has officially banned the export of gasoline and diesel fuel by road and rail. The decision, effective January 29, 2025, is outlined in amendments to the joint order “On Some Issues of Export of Oil Products from the Territory of the Republic of Kazakhstan.” The restriction was approved by the Minister of Energy, the Chairman of the National Security Committee (KNB), and the Ministers of Finance and Internal Affairs, as previously reported by The Times of Central Asia.

Kyrgyz Citizen Arrested in U.S. for Illegally Exporting Firearms to Russia

A Kyrgyz citizen has been accused of illegally exporting American semi-automatic rifles and pistols from the United States to Russia via Kyrgyzstan. The U.S. Department of Justice announced the charges on its official website. U.S. federal authorities in Brooklyn have indicted 46-year-old Kyrgyz national Sergei Zharnovnikov, alleging that he orchestrated a criminal scheme to smuggle American firearms to Russia using a front company. “Zharnovnikov traveled from Kyrgyzstan to the United States last month and was arrested on January 24, 2025, in Las Vegas, Nevada, while attending the Shooting, Hunting, and Outdoor Trade Show to meet with U.S. gun dealers,” the Department of Justice stated. Zharnovnikov is currently in custody and is set to stand trial in the Eastern District of New York at a later date. If convicted, he faces up to 30 years in prison. According to U.S. prosecutors, Zharnovnikov conspired with others to violate American export control laws by shipping firearms to Russian buyers. He reportedly signed a five-year, $900,000 contract with a Virginia-based arms company to export rifles from the U.S. to Kyrgyzstan. However, the company’s export license explicitly prohibited the resale or re-export of these weapons to Russia. Investigators allege that Zharnovnikov disregarded these restrictions, instead selling the firearms to a front company in Kyrgyzstan, which then transferred them to Russia. U.S. authorities discovered that the Bishkek-based company had signed a $10 million contract with a Moscow-based firm, suggesting the weapons may have been delivered in multiple shipments. U.S. Attorney for the Eastern District of New York John J. Durham emphasized the gravity of the case: “The defendant used a complex scheme to circumvent export controls and ship semi-automatic firearms to Russia. Today’s indictment sends a clear message that we will vigorously enforce laws designed to protect U.S. foreign policy and national security.” This is the second high-profile case involving the smuggling of American weapons to Russia. The Times of Central Asia previously reported that Kyrgyz security services had intercepted attempts to re-export American-made arms and weapons components to Russian organized crime groups.