• KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 85

Case Opened Against Subsidiary of Russia’s Lukoil in Uzbekistan

The Committee for the Development of Competition and Consumer Protection of Uzbekistan has initiated a case against Lukoil Overseas Supply and Trading Ltd, a subsidiary of Russia's Lukoil, the Committee's press service has reported. The Committee's staff state that they identified signs of the manipulation of the price of technical sulfur by Lukoil in their selling of products through exchange trading. As a result, the price of technical sulfur rose between 10 to 50%, meaning the company violated the law "on competition." Additional information will be made available once the Committee reaches a decision on how it will proceed. Lukoil Overseas Supply and Trading Ltd was established in April 2010 as part of a marketing campaign for the sale of joint products during the implementation of production sharing agreements in respect to several gas fields. It entered the exchange-trade market for technical sulfur in Uzbekistan in 2015. Today, the company and Uzbekneftegaz dominate the technical sulfur market.

Kyrgyzstan Parliamentarian in Brawl with Security Guard

In Bishkek, Chyngyz Azhibayev, a deputy of the Kyrgyz Republic's Jogorku Kenesh (Parliament), almost ran over an employee of the Asia Mall shopping and entertainment center, after which he got into a fight with him, 24.kg has reported. The incident occurred on June 21, but has only just been acknowledged. According to a source in law enforcement agencies, at about 3PM, whilst driving his car out of the shopping mall's parking lot, Azhibayev narrowly avoided hitting a security guard. The deputy then reacted aggressively to the security guard's remarks, exited his vehicle, and proceeded to start a fight with him. The pair were separated by bystanders, but the deputy then called the police and filed a complaint against the guard. The press service of the Leninsky district police department said that the call came in at 15:50. Law enforcement officers who arrived on the scene took Azhibayev's statement, which he later withdrew, meaning the case was terminated.

Kyrgyz Supreme Court Upholds Sentence of Activist Zarina Torokulova

Considering the appeal of convicted activist Zarina Torokulova, the Supreme Court of Kyrgyzstan upheld the sentence passed down on her by lower courts, lawyer Akmat Alagushev has reported. According to Alagushev, the charges against the defendant were not proven at the investigation or in court; despite this, the court found her guilty. On January 16, the Pervomaisky District Court of Bishkek found the activist guilty of violating Part 3 of Article 278 of the Criminal Code of the Kyrgyz Republic, which addresses "Calls for active disobedience to the lawful demands of authorities, mass disorder, and incitement to violence against citizens." Earlier, the prosecution noted that the activist shared two messages from the Facebook account "Umai Aruu." One was "Zhaparov Mafia," and the other was "Organizing an online rally," a repost of a video by journalist, Olzhobai Shakir, who opposed the transfer of four boarding houses on Issyk-Kul to Uzbekistan, and urged citizens to come out for a rally. He was detained on August 23, 2023, by officers of the State Committee for National Security, accused of calling for active disobedience to law enforcement officials, mass disorder, and attempted seizure of power. Torokulova was sentenced to five years' imprisonment with three years' probationary supervision.

Former Employee of Academy of Sciences Detained in Kyrgyzstan

Human rights activist Gulshayyr Abdirasulova has reported on social media that Zhomart Karabayev, a former employee of the Academy of Sciences in Kyrgyzstan, has been detained by officers of the SCNC (State Committee for National Security). According to Abdirasulova, Karabayev had openly expressed his disagreement with the activities of special services and refused to participate in expert examinations in multiple cases. "Zhomart Karabayev, a former employee of the NAS (National Academy of Sciences), has repeatedly stated that the NAS provides its' expertise on [criminal cases] under the dictation of special services. He also stated this at the trial of Olzhobai Shakir (who was sentenced to five years in prison in May this year in a case pertaining to the preparation for mass riots - ed.). Now, he has been taken away by GKNB officers. Is this what they want? To investigate themselves? Or should the young man be jailed for his statement about breaking the law? We are waiting for the official position of the SCNS," Abdirasulova wrote. "The lawyer said that Zhomart is suspected of committing an act under Article 278 part 3 of the Criminal Code - calls for mass riots. The lawyer believes there are no grounds for suspicion of committing this crime and hopes the case will be dropped. Zhomart remains in the [custody of the] SCNS until the measure of restraint is considered". According to local media, Karabayev was summoned to the SCNS for questioning yesterday, and was not released following interrogation.

Fugitive Oligarchs Ablyazov and Khrapunov Ordered to Return $32 Million to Kazakhstan by U.S. Court

Kazakhstan has secured a victory in the United States against Felix Sater and his companies, which were involved in investing money stolen by Mukhtar Ablyazov from BTA Bank. The jury in the U.S. District Court for the Southern District of New York awarded over $32 million in favor of BTA and the city of Almaty. In addition, the Kazakh oligarch and former Mayor of Almaty and Minister of Emergency Situations, Viktor Khrapunov, was reported by BTA's press service to have caused multi-billion-dollar damages through his actions. After a three-week trial, the jury recognized BTA Bank and the city of Almaty as victims of Sater's unlawful activities, which included the misappropriation of property, unjust enrichment, and obtaining money fraudulently. The compensation awarded exceeded the requested amount, totaling more than $32 million including interest. The trial, which began on June 10, 2024, demonstrated that Mukhtar Ablyazov abused his position at BTA Bank by issuing fictitious loans worth billions of dollars, leading to the bank’s collapse. At the time, BTA was the third-largest bank in Kazakhstan. Ablyazov also privatized state land and sold it at undervalued prices to companies he controlled. In addition, the Khrapunov's fraudulent actions, meanwhile, caused over $300 million in damages to Almaty, leaving significant urban land undeveloped, whilst other assets were sold to the Khrapunovs shell companies for significantly less than their market value through fictitious tenders. Evidence presented in court showed that Ablyazov and Khrapunov combined their stolen funds, with Ilyas Khrapunov, Viktor’s son and Ablyazov’s son-in-law, accused of laundering a substantial part of these funds. In September 2018, a UK court fined Ilyas Khrapunov $500 million for helping Ablyazov breach an asset freezing order. The Bayrock Group, Inc., Global Habitat Solutions (both owned by Sater), and MeM Energy Partners LLC (owned by Mendel Mochkin) were found to have facilitated the laundering of the stolen money into the U.S. financial system. The jury determined that Sater and Mochkin knowingly laundered the funds stolen by Ablyazov and Khrapunov. Additionally, the jury, having been presented with comprehensive evidence of Ablyazov's fraud against BTA Bank, returned a unanimous verdict against his co-conspirators. For the first time, a U.S. jury also unanimously ruled in favor of the city of Almaty concerning fraud committed by Viktor Khrapunov. Sater was not the only defendant in the asset laundering case. Daniel Ridloff and RRMI-DR LLC were also ordered to return assets to BTA and the Almaty Akimat. Ferrari Holdings LLC, another defendant, is in default, but Almaty Akimat and the bank plan to seek a judgment against it. In Kazakhstan, in 2018 Mukhtar Ablyazov was sentenced in absentia to life imprisonment for organizing a murder and embezzling funds from depositors of BTA Bank. In the same year, Viktor Khrapunov and his wife, Leila Khrapunova, were also sentenced in absentia to 17 and 14 years in prison, respectively. Back in December 2022, the Southern District Court in New York ruled against Ablyazov and his associates in the amount of $218 million. In total, Ablyazov stands accused of...

Kazakhstan’s Attempts to Address Disinformation and Media Freedom

On June 19, President Tokayev signed amendments to the law governing Kazakhstan's mass media. Meanwhile, public debate on foreign and domestic media that allegedly receive financing from abroad continues. While human rights activists focus on the principle of freedom of speech, political analysts are concerned about a string of disinformation campaigns attempting to destabilizing the country. The respective changes to legislative acts affect a wide range of issues. In particular, a new and broader concept of mass media has been introduced which includes internet resources. It is envisaged that a Unified Media Platform will be created to implement the state’s information policy, including grants for non-state media and accreditation of journalists to state bodies and organizations through a simplified accreditation procedure. In addition, the statute of limitations for claims brought against the media to refute information that does not correspond to facts and defames honor, dignity, and business reputation has been reduced to one year. Under the new law, Kazakhstan's Ministry of Foreign Affairs has the right to deny accreditation to foreign journalists "in case of a threat to the national security of the Republic of Kazakhstan." A few months ago, the Ministry did not issue accreditation to 36 correspondents from Azattyk. The publication subsequently filed a lawsuit, and in April, the media outlet and the Ministry reached a mediation agreement. While the new law focuses mainly on foreign funded domestic media, experts cite recent examples of pressures on Kazakhstan’s society and authorities through disinformation campaigns that mostly originated from abroad. For instance, a week ago in Kyiv, Ukrainian authorities claimed an assassination attempt was made on Kazakhstani national Aidos Sadykov, the creator of a YouTube channel called Bәse. Sadykov and his wife Natalya were placed on the wanted list in Kazakhstan in October 2023 for “inciting social, national, clan, racial, class, or religious discord.” Their inclusion on the list is linked to the January 2022 coup attempt and riots, as well as their ties to controversial fugitive billionaire Mukhtar Ablyazov, who currently has judgements against him in U.S. and UK courts exceeding $5 billion. Ablyazov faced murder charges in Kazakhstan following the death of the CEO of a local bank that he later took over and reportedly defrauded. According to government authorities, Sadykov repeated Ablyazov's calls for violence surrounding the January 2022 coup attempt as well as the Majilis elections in March 2023, where the channel openly called for organizing riots. Furthermore, on the one-year anniversary of the January 2022 events, his Bәse channel gave instructions to overthrow the government in Kazakhstan, following the example of events in Ukraine. The four-minute video includes information on how to create coordination committees for regime change. Natalya Sadykova has also worked for the Respublika newspaper, allegedly funded by Ablyazov. Aidos Sadykov had previously served two years in Kazakhstan for hooliganism and fled to Kyiv in 2014. The alleged perpetrators of the attack on Sadykov, Meiram Karataev and Altai Zhakanbaev, are Kazakhstani citizens. Shortly after the purported assassination attempt, Natalya Sadykova accused Kazakhstan’s...