• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 -0%
  • TJS/USD = 0.10442 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 -0%
  • TJS/USD = 0.10442 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 -0%
  • TJS/USD = 0.10442 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 -0%
  • TJS/USD = 0.10442 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 -0%
  • TJS/USD = 0.10442 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 -0%
  • TJS/USD = 0.10442 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 -0%
  • TJS/USD = 0.10442 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 -0%
  • TJS/USD = 0.10442 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

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Kazakhstan Engaged in Legal Disputes with 20 Foreign Companies

Kazakhstan is currently involved in 20 legal disputes with foreign companies, a decrease from 26 cases in 2023, according to Yerlan Musabayev, Acting Director of the Department for the Protection of State Property Rights under the Ministry of Justice. “As of now, the Ministry is handling 20 cases involving claims totaling more than $7.5 billion,” Musabayev stated during a briefing in Astana. Of these, 13 are under review in international arbitration, five are in foreign courts, and two are in the pre-litigation stage. The reduction in the number of disputes reflects progress made over the past year, he noted. Among the Ministry's recent successes, Musabayev highlighted a key ruling by the High Court of Justice in London in favor of Kazakhstan in a case filed by Canadian uranium company World Wide Minerals (WWM). The dispute originated from Kazakhstan’s 1997 decision to deny WWM an export license for uranium and terminate a trust management contract for the Tselinograd Mining and Chemical Plant (now the Stepnogorsk Mining and Chemical Plant). The High Court ruling, issued on February 28, 2025, overturned a 2024 decision that had awarded WWM approximately $65 million. “Under the 2025 decision, the Republic of Kazakhstan has no obligations toward World Wide Minerals. It’s worth noting that the bar for appeals in UK courts is exceptionally high, fewer than 2% succeed,” Musabayev said. Another legal victory came in a case involving the Kazakh-Italian construction joint venture Todini Impregilo Kazakhdorstroy. The company had sought $20 million in claims, but the International Chamber of Commerce Arbitration Court in Paris dismissed all demands and ordered the joint venture to reimburse $277,000 in legal costs. Enforcement of the ruling required compulsory measures. “The Ministry of Justice is actively working to further reduce the number of disputes with foreign entities. Through coordinated efforts with other state bodies and the Government’s legal advisors, we’ve saved considerable budgetary resources, preserved Kazakhstan’s investment attractiveness, and strengthened the country’s international reputation,” Musabayev concluded. As previously reported by The Times of Central Asia, Kazakhstan resolved a long-standing legal battle with Anatolie and Gabriel Stati’s Tristan Oil in 2024, following protracted litigation over the nationalization of oil assets. Meanwhile, early reviews of certain production-sharing agreements in the oil sector could lead to new legal proceedings in the near future.

Kyrgyzstan and Russia Reaffirm Strategic Partnership in Moscow Talks

Kyrgyzstan and Russia have reaffirmed their commitment to deepening bilateral cooperation across diverse sectors following a high-level meeting between President Vladimir Putin and Kyrgyz President Sadyr Japarov at the Kremlin on July 2. President Putin welcomed President Japarov to Moscow with praise for the positive trajectory of economic ties between the two countries. “Last year, bilateral trade increased by over 11%, and in the first four months of this year, it grew by more than 17%,” Putin noted during the reception. He emphasized that Russia remains one of Kyrgyzstan’s key trade and economic partners, highlighting the role of the Russian-Kyrgyz Development Fund, which continues to support industrial and agricultural initiatives in Kyrgyzstan. Putin also noted the expanding footprint of Russian businesses in the country. Cultural and educational cooperation featured prominently in the discussions. Putin pointed out that approximately 200 Russian teachers are currently working in 43 schools across Kyrgyzstan. “We have launched new school construction projects and plan to expand the number of Russian-language schools,” he said, expressing gratitude to Japarov for maintaining the official status of the Russian language in Kyrgyzstan. Russian remains one of Kyrgyzstan’s official languages and continues to function as a key medium of communication in the country’s multi-ethnic society. President Japarov echoed the strong political alignment between Bishkek and Moscow. “There is full mutual understanding and trust between our countries. There are no political differences or contradictions,” he stated. Japarov also highlighted the potential for further cooperation in sectors including energy, transport, industry, and agriculture, reinforcing the enduring strategic partnership between the two nations.

Former Kyrgyz Prime Minister Proposes Special Status for Citizens in Russia

At the St. Petersburg International Economic Forum (SPIEF-2025), Temir Sariyev, head of the Kyrgyz Chamber of Commerce and Industry and former prime minister, proposed granting Kyrgyz citizens a special status in Russia. The statement sparked mixed reactions in both Moscow and Bishkek. Speaking at the Kyrgyzstan-Russia business dialogue, Sariyev, who was involved in Kyrgyzstan’s accession negotiations to the Eurasian Economic Union (EAEU), highlighted Bishkek’s consistent political and economic support for Moscow. He drew on historical ties, citing Kyrgyz support during the Great Patriotic War. “If we recall the Great Patriotic War, it was the 28 Panfilov Guardsmen who defended Moscow. It was a turning point. When the special military operation began, the first to extend a helping hand, without fear, was the Kyrgyz Republic,” Sariyev said, referring to the Russian invasion of Ukraine. He proposed exploring the possibility of granting Kyrgyz migrants in Russia a special status, citing longstanding bilateral ties. However, the initiative met resistance in the Russian State Duma. Konstantin Zatulin, First Deputy Chairman of the Duma Committee on CIS Affairs, dismissed the proposal, noting that Kyrgyz citizens already enjoy considerable privileges under the EAEU framework, such as visa-free entry, the right to work without a permit, and exemption from patent requirements. “What additional special status could we be talking about? It is impractical. Kyrgyzstan is already in a more advantageous position than other Central Asian countries that are not members of the Union,” Zatulin said. Pushback also came from within Kyrgyzstan. Deputy Prime Minister Edil Baisalov criticized both Sariyev's proposal and the broader outcomes of Kyrgyzstan's EAEU membership. In a post on X, Baisalov wrote: “Of course, our people have a special status, but not because of their participation in the 1941-1945 war. Special status should come from real membership in the EAEU, which hastily accepted us without sufficient guarantees. In reality, there is neither equal access to the labor market nor full access to our goods.” He urged Kyrgyz authorities not to appeal to “pity” or “sympathy,” but instead to demand the full implementation of EAEU commitments. As of now, Sariyev’s proposal has not been officially introduced. Analysts suggest that amid Russia’s sensitive migration and geopolitical climate, the initiative is unlikely to gain traction in the near term.

China Strengthens Partnerships Across Central Asia at Landmark Summit

Chinese President Xi Jinping’s visit to Astana on June 16, ahead of the Second China-Central Asia Summit, marked a significant milestone in fostering deeper partnerships between China and Central Asia. With all of the region’s nations in attendance, the summit saw agreements signed across sectors such as energy, infrastructure, agriculture, and technology, solidifying China’s growing influence in the strategically vital region. According to Kazinform, China and the Central Asian nations are poised to finalize over 35 memorandums collectively valued at more than $17 billion during the second China-Central Asia Business Council meeting in Astana on June 17. A Lavish Welcome and Key Agreements [caption id="attachment_33021" align="aligncenter" width="2560"] Image: Akorda[/caption] Xi Jinping arrived in Astana amid unprecedented pomp and ceremony, including an honor guard, traditional dances, children in national costumes, and an escort of Kazakh Air Force fighter jets. This grand welcome highlighted the importance of the China-Kazakhstan partnership. During talks with Kazakh President Tokayev, the two leaders oversaw agreements spanning areas such as energy, space, agriculture, intellectual property, tourism, healthcare, science, and the digital economy. Tokayev spoke about Kazakhstan’s plans to build several nuclear power plants, including one with the involvement of China National Nuclear Corporation (CNNC). Characterizing CNNC as a “reliable strategic partner,” he also emphasized Kazakhstan’s role as a supplier of natural uranium and nuclear fuel to China. “CNNC is known worldwide for its high competence, so it will certainly occupy a worthy niche in our market,” Tokayev stated. Infrastructure development under China's Belt and Road Initiative (BRI) also took center stage. Plans to modernize logistics corridors, simplify customs procedures, and build new border facilities were discussed, reinforcing Kazakhstan’s role as a critical transit hub. The bilateral meeting was preceded by joint events, where business leaders from both nations signed dozens of agreements, including a $1 billion loan from the China Development Bank to the Development Bank of Kazakhstan. Another significant agreement saw Kazakhstan partnering with CNNC, Xiamen Wanli Stone, and the Satpayev Institute of Geological Sciences to explore cross-border ore belts and uranium extraction. Kazakhstan’s Role as a Regional Leader Kazakhstan has become central to China’s regional strategy, a focus reinforced during Xi Jinping’s visit, where Tokayev described China as a “close friend and reliable partner.” Kazakh Deputy Prime Minister and Minister of the National Economy, Serik Zhumangarin, meanwhile, highlighted the increasing significance of cooperation in agriculture and logistics within the region. “Central Asia is a key region for the development of dryland farming in the world. Currently, the countries of the region are actively promoting and diversifying the export of organic agricultural products to the Chinese market. Camel milk from Kazakhstan, cherries from Uzbekistan, dried fruits from Tajikistan, honey from the Kyrgyz Republic, and cotton from Turkmenistan are increasingly entering the Chinese market and are highly appreciated by consumers,” he stated. Zhumangarin also stressed the critical role of transport infrastructure in facilitating connectivity. At present, over 80% of land transportation between China and Europe passes through Kazakhstan. “We are interested in further deepening cooperation within China’s...

Uzbek President Welcomes U.S. Officials and Business Leaders Ahead of Tashkent International Investment Forum

On June 9, ahead of the Tashkent International Investment Forum, President Shavkat Mirziyoyev welcomed a senior delegation of U.S. business leaders and government officials, underscoring deepening economic ties between Uzbekistan and the United States. Among the participants were U.S. Assistant Secretary of State Eric Meyer, U.S. International Development Finance Corporation (DFC) Vice President Bethany Brez, American-Uzbek Chamber of Commerce Chair Carolyn Lamm, and executives from Boeing, Visa, NASDAQ, Coca-Cola, Morgan Stanley, Franklin Templeton, FLS, Air Products, and others. Mirziyoyev noted that the meeting reflected growing U.S. interest in Uzbekistan’s reform-driven and investment-oriented economy. In 2024, bilateral trade between Uzbekistan and the U.S. reached $882 million, a 15.2% increase from 2023. Of this, Uzbek exports to the U.S. totaled $314.7 million, while imports stood at $564.3 million. Despite this growth, exports to the U.S. still account for only 1.2% of Uzbekistan’s total export volume, according to economist Mirkomil Kholboyev. During the Uzbekistan-U.S. Business Forum in Tashkent, DFC Vice President Brez led discussions on joint projects in critical minerals. The DFC, with a $60 billion mandate, supports global investment in sectors such as energy, infrastructure, and advanced manufacturing. [caption id="attachment_32862" align="aligncenter" width="2560"] Image: Uzbekistan–U.S. Business Forum[/caption] Digital innovation emerged as a key area of cooperation. According to a recent UNDP study, Uzbekistan plans to implement 100 priority artificial intelligence models by 2030 and establish supercomputing labs at major universities. USAID has previously supported this digital agenda by enabling Uzbek startups to engage with Silicon Valley investors and participate in TechCrunch Disrupt in October 2024, strengthening linkages with the U.S. tech ecosystem. Transport and energy infrastructure modernization also featured prominently in the talks. In January 2025, Uzbekistan Airways signed a memorandum with Boeing to acquire fourteen 787-8 Dreamliners, a multibillion-dollar deal with deliveries expected by 2032. Meanwhile, USAID partnered with Uzbekistan on energy sector reform, including support for drafting the “Law on the Electric Power Industry,” which introduces transparent tariff policies and facilitates private-sector entry. Tourism and small business development were additional focus areas. USAID’s five-year, $17.7 million Business Support Project has targeted key sectors such as ICT, tourism, textiles, and the green economy. Under this initiative, the Association of Private Tourism Agencies of Uzbekistan launched new training modules and classification standards for family-run guesthouses in Bukhara, Samarkand, and Tashkent, promoting sustainable, community-based tourism. Throughout the meeting, U.S. business leaders expressed support for Uzbekistan’s reform agenda and presented specific proposals, ranging from expanding fintech infrastructure to piloting AI-driven logistics platforms. The exchanges reflected a mutual commitment to strengthening the U.S.-Uzbek partnership across a wide range of strategic sectors.

Uzbekistan Raises Concerns Over Mistreatment of Citizens During Russian Raids

Uzbekistan has expressed serious concern over the reported mistreatment of its citizens during recent police raids in Russia. On June 10, Uzbekistan’s Ministry of Foreign Affairs held a scheduled meeting with Russian officials to discuss migration issues. A ministry spokesperson stated that the Uzbek side raised alarm over reports of disrespectful and aggressive behavior toward its nationals during identity checks. “In several instances, our citizens have faced unauthorized inspections and mistreatment,” the ministry said. “Such actions do not correspond to the friendly relations between our countries. We believe that concrete measures must be taken to prevent such incidents.” The ministry emphasized that safeguarding the rights and interests of Uzbek citizens abroad remains a priority. It urged Russian authorities to treat migrants with dignity and adhere to international human rights standards. The concerns follow a large-scale raid on June 8 in Moscow’s Strogino district, where Russian law enforcement reportedly targeted a dormitory housing migrants from other Eurasian countries. The building is located near a facility belonging to the Russian Defense Ministry, according to the Russian Telegram channel Baza. During the operation, members of OMON, Russia’s special police forces under the National Guard, were seen using excessive force. Videos, some filmed by the officers themselves, show migrants being forcibly removed from their rooms, insulted, beaten, and in some instances, shocked with electric devices. The nationalities of those affected have not been confirmed. In a separate incident in St. Petersburg, approximately 200 individuals were reportedly left to sleep outdoors overnight following a similar raid. In response to these events, the Uzbek embassy in Moscow submitted an official note to the Russian Ministry of Foreign Affairs, requesting an explanation and a legal assessment of the law enforcement actions. The embassy described the incidents as unacceptable and called on Russian authorities to uphold the dignity of Uzbek nationals. Uzbekistan’s Migration Agency also issued a statement affirming it was closely monitoring the situation. It confirmed that five or six individuals with documentation issues had been detained for further investigation. The Foreign Ministry said it would continue to track developments and take further action if necessary. Uzbek authorities have encouraged citizens affected by these events to contact their nearest consulate or the Migration Agency's office in Russia.