• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10866 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10866 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10866 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10866 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10866 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10866 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10866 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10866 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
12 December 2025

Viewing results 1 - 6 of 139

Why Regional Connectivity Is Reshaping Central Asia: Insights from ISRS Director Eldor Aripov (Part Two)

The Times of Central Asia presents the second part of an interview in Washington, D.C. with Eldor Aripov, Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan. Dr. Aripov sat down with our Washington Correspondent, Javier M. Piedra, to discuss Uzbekistan’s geoeconomic and geopolitical strategic thinking. The conversation focused on Uzbekistan’s and the region’s efforts to cooperate diplomatically to maintain peace and stability with neighbors, irrespective of historical “hotspots,” cultural sensitivities, or the all-important matter of water resources. Aripov comments on Afghanistan, Chabahar Port (Iran), Ferghana Valley, and business development – key for U.S. investors thinking about Uzbekistan and the broader Central Asian region. TCA: What message do you have for businesses and private investors who do not have any experience in Central Asia? Many companies are sniffing around at this time – what do you want to tell them? Aripov: Uzbekistan is ready for committed investors - those who deliver lasting benefits, quality jobs, and shared prosperity. A decade of reforms has strengthened our fiscal discipline, boosted SMEs, and anchored stability. Coupled with our focus on good relations and a secure, integrated Central Asia, we offer a reliable platform for long-term, sustainable investment. While we have more work to do, we invite you to be part of our momentum. TCA: What are the risks that companies might face when considering long-term investment? Aripov: No country is immune to downside risks – not only in the developed but developing world. Having said that, downside risks, including trade shocks, commodity price volatility, tighter external financing, and contingent liabilities from state-owned enterprises, are mostly exogenous factors driven by global conditions. Risks are mitigated through political stability, diversification of the economy, prudent macroeconomic management, and reforms to state-owned enterprises and governance. For more in-depth commentary, I refer you to recent IMF, World Bank, and Asian Development Bank assessments about our economic conditions and trends. TCA: Let me move on to more regional issues. The first Ferghana Peace Forum was held in October 2025. How can it serve as a replicable model for other regions seeking sustainable peace? Aripov: First of all, I’d like to put this important forum on everyone’s radar. I’d like to underscore that peace is possible when hard work, respect for others, and a commitment to understanding guide our actions, despite historical memories and past differences. Someone should write a case study about our ability to bring consensus into an otherwise challenging region. In any event, the inaugural Ferghana Peace Forum brought together over 300 participants from more than 20 countries — representatives of Central Asian governments, international organizations, leading think tanks, research institutions, and local communities. A joint communiqué was adopted, confirming the intention to institutionalize the Forum as a permanent platform with rotating hosts. This broad participation highlighted an important reality: the Ferghana Valley is no longer viewed as a fragile zone; it is now viewed as a model of pragmatic peacebuilding. The Forum demonstrated how regional leadership — particularly the openness and...

Amid Global Unrest, the Trans-Caspian Corridor Faces a Crucial Test

The COVID-19 pandemic, geopolitical conflicts, and the ongoing shipping crisis in the Red Sea caused by Houthi attacks have severely disrupted global trade and logistics. These events have exposed the vulnerabilities of traditional supply chains and underscored the urgent need for diversification. For countries along the Trans-Caspian International Transport Route (TITR), this presents a unique opportunity to solidify the corridor’s position as a key global logistics artery. But are they prepared to capitalize on this moment, and can the existing infrastructure sustain the rising flow of cargo? Integration and Infrastructure in Focus For landlocked nations, the value of an efficient overland route cannot be overstated. The development of the Trans-Caspian route depends on synchronized multimodal logistics, the elimination of infrastructure bottlenecks, the implementation of digital solutions, expedited customs procedures, and a transparent tariff policy. Experts note that the TITR has evolved from a transport project into a strategic initiative. Its future growth hinges on the quality of intergovernmental coordination. In the past five years, transit volumes along the route have increased sixfold. The upward trend continues in 2025, with 2.6 million tons transported by rail in the first ten months alone. More than 400 types of goods now move along the corridor, including high-value items such as vehicles, electronics, clothing, and textiles. These products, which require timely delivery, signal the route’s growing integration into global supply chains. Demand from Chinese shippers is also rising, with shipments expanding beyond China’s interior to include Southeast Asian countries. At the VII International Transport and Logistics Business Forum “New Silk Way,” Wang Lixin, Deputy Director General of China Railway, announced a new route under development: Southeast Asia-China-Central Asia-Europe. Bottlenecks That Threaten Growth A comprehensive audit conducted in mid-2025 revealed key barriers to expansion. In Kazakhstan, the primary constraint is railway capacity, currently limited to 12 container trains per day. National rail operator KTZ plans to raise this to 20 by 2027 through upgrades and new construction. The maritime segment, particularly the Caspian Sea, remains a persistent risk. Aktau port can currently handle five trains, but the completion of the second phase of its container hub is expected to raise this to eight. The first phase alone will boost capacity by 140,000 TEU this year, bringing the port’s total capacity to 240,000 TEU. However, falling water levels in the Caspian pose a serious challenge. In September 2025, Kazhydromet reported a drop to -29.31 meters off Kazakhstan’s coast, limiting shiploads and raising the threat of “shallow water restrictions.” In response, Kazakhstan has expedited dredging to restore design depths by the end of Q1 2026. Fleet shortages compound the issue. Kazmortransflot operates just three 350 TEU container ships and two dry cargo vessels. In January 2025, the company signed an agreement with Abu Dhabi Ports Group to build shallow-draft container ships with over 500 TEU capacity and larger ferries. KTZ also plans to acquire six vessels (up to 9,000 tons deadweight) by 2027. Challenges in Azerbaijan and Georgia The western segment of the route faces similar constraints....

The New Geoeconomics of Uzbekistan: Insights from ISRS Director Eldor Aripov

The Times of Central Asia presents a two-part interview in Washington, D.C. with Eldor Aripov, Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan. Dr. Aripov sat down with our Washington Correspondent, Javier M. Piedra, to discuss Uzbekistan’s strategic thinking regarding its diplomatic posture, regional integration, and relations with Central Asian and global partners. The conversation includes commentary on “Great Game” geopolitics, U.S.–Uzbekistan relations, trade, the meaning of “Uzbekistan First,” the historically explosive Ferghana Valley, and water management. Recognizing the link between investment, a stable geopolitical ecosystem, and the need to de-risk potentially conflictive issues, Aripov further sheds light on Tashkent’s practical approach to internal governance and business development. [caption id="attachment_40284" align="aligncenter" width="2360"] Central Asia on the Front Lines; image: Defense.info[/caption] TCA: “America First” refers to U.S. policies prioritizing national interests, often associated with non-interventionism, nationalism, and protectionist trade. Given Uzbekistan’s pragmatic foreign policy, can we speak of an “Uzbekistan First” policy? It is certainly not isolationist — but how is it manifested on a day-to-day basis? Aripov: What you describe as “Uzbekistan First” is, in our understanding, fundamentally about prioritizing national interests – stability and predictability for the people of Uzbekistan. Yet Uzbekistan’s uniqueness lies in the fact that our national interests are closely intertwined with those of the entire region – this means shared upsides at the transactional and strategic levels and thinking long-term. We border every Central Asian country as well as Afghanistan, and therefore any issue — security, trade, transport, or water management — directly depends on the quality of our relationships with neighbors. From his first days in office, President Shavkat Mirziyoyev — with his strategic vision and deep understanding of regional dynamics — declared that regional unity and mutual benefit stand at the core of Uzbekistan’s foreign policy. The essence of his doctrine is to resolve agreeably any historically or materially problematic issues with neighbors, remove barriers to understanding, and create predictable, stable conditions for mutually beneficial cooperation and the free movement of goods, ideas, and people. That is the true meaning of “Uzbekistan First”: not isolation, but openness, predictability, and regional consolidation. TCA: How are you realizing “Uzbekistan First” in practice? Aripov: Uzbekistan is strengthening its economy domestically and global track - putting in place the building blocks for internal sustainable development and accelerating accession to the World Trade Organization. The latter means expanding the geography and composition of exports and increasing the country’s investment attractiveness. This approach is rooted in the logic of sustainable development within the broader international context: long-term national interests are best served by Uzbekistan integrating into global value chains and markets. The results speak for themselves: in 2024, Uzbekistan’s GDP grew by 6.5%, foreign direct investment increased by more than 50% to reach $11.9 billion, and the target for 2025 is to attract $42 billion. This performance is also a tribute to our style of diplomacy, grounded in respect and having a constructive attitude towards others. Thus, “Uzbekistan First” represents a modern model...

U.S. Waiver of Sanctions on Iran’s Chabahar Port is Good News for Central Asia

U.S. sanctions on Iran’s Chabahar Port on the Gulf of Oman have been on again/off again since 2013, when the U.S. Congress passed the Iran Freedom and Counter-Proliferation Act (IFCA) to curb Iran’s regional influence and strategic capabilities through targeted economic pressure, aka sanctions. In the decade following IFCA’s passage, Washington’s sanctions on Chabahar had a negative impact on Central Asia, largely by complicating its efforts to deepen economic ties with South Asia and the Gulf. But geopolitics are shifting. Washington is increasing its involvement in Central Asia and India, and is doing the same in Afghanistan. These factors may well induce the U.S. Department of State to keep the waiver in place. Washington first waived its sanctions on Chabahar in 2018—a strategic move to support India's role in Afghanistan's post-war development and to provide a crucial trade route for that landlocked country. Six years later, India's Indian Ports Global Limited secured a 10-year deal with Iran to manage Chabahar port, in part, to offset Pakistan’s Gwadar port at the end of the China-Pakistan Economic Corridor, a mere 100 miles from Chabahar. For all the fanfare, Central Asia held little real priority in Washington in those years. Seven years later, the U.S. changed course. It announced on September 16, 2025, much to Central Asia’s surprise and concern, that “the State Department has revoked the sanctions exception issued in 2018 under the IFCA”, making individuals involved in Iran’s Chabahar port operations subject to penalties, resulting in another snag in Central Asia’s desire for a southern breakout route. And then, in a swift reversal, the U.S. restored India’s sanctions waiver some six weeks later, on October 30. Whatever might explain the sudden change, Central Asia breathed a sigh of relief, and, by all accounts, now feels confident that the waiver will be evergreened. Time will tell if this confidence is justified. The U.S. waiver enables India to work to enhance Chabahar’s infrastructure and functionality, offering Central Asian exporters a more direct and profitable trade route than those via China, Russia, or the Middle Corridor, which stretches from East Asia to Europe via Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, and Türkiye. As a result, goods like minerals, cotton, and energy products can reach regional and global markets faster. Central Asian capitals are quietly reveling in Washington’s flexible realpolitik in the face of convulsive U.S.-Iranian relations and heated Indo-Pakistan tensions. Without fear of punitive measures, India can now continue its work at Chabahar.  To be sure, the waiver affirms India’s rising global presence and accelerates New Delhi’s drive into Central Asia, including Afghanistan. Washington’s decision signaled to traders, investors, and think tankers that it has no intention of spoiling India’s export ambitions and Central Asia’s desire for north-south economic integration. The waiver shows Washington’s pragmatism—and is welcomed by those who have little or no use for Washington’s penchant for foreign policy moralism. Chabahar Port complements not only the Trans-Caspian corridor—a multimodal trade route connecting Asia and Europe by linking China to Europe through Central...

EU Supports Connectivity Improvements in Kazakhstan, Kyrgyzstan, and Uzbekistan as Part of Trans-Caspian Transport Corridor

On November 27, Tashkent hosted the Trans-Caspian Transport Corridor (TCTC) and Connectivity Investors Forum, where representatives of the European Union, Central Asian and South Caucasus states, Türkiye, and international development banks reaffirmed the strategic importance of the TCTC as a fast and reliable route linking Europe and Asia. The TCTC is the EU’s designation for the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. This multimodal route connects China and Southeast Asia to Europe via Central Asia, the Caspian Sea, Azerbaijan, Georgia, and Türkiye in no more than 15 days, offering an alternative to the northern route through Russia. Participants discussed efforts to modernize both hard infrastructure, roads, railways, ports, and logistics hubs and soft connectivity, including digitalization, regulatory alignment, and trade facilitation. According to the EU Delegation in Uzbekistan, the forum, attended by European Commissioner for International Partnerships Jozef Síkela and European Commissioner for Enlargement Marta Kos, produced several new agreements to enhance multimodal connectivity in Central Asia. The EU has committed EUR 10.4 million within an EBRD loan of EUR 35 million to modernize Aktau Port in Kazakhstan, a key logistics hub on the Caspian Sea. The project will expand berths, introduce energy-efficient cranes, and increase container-handling capacity, strengthening the Middle Corridor’s competitiveness. An envisaged EIB loan of EUR 150 million, backed by an EU guarantee of EUR 8.8 million, will support road rehabilitation in Kazakhstan. The financing for national operator KazAvtoZhol aims to improve sustainable transport infrastructure linked to the TCTC. The EU will contribute EUR 15.46 million within an EBRD loan of EUR 35 million for the modernization of the Karabalta-Chaldovar road in Kyrgyzstan. Upgrading the 31.7-kilometer section will enhance connectivity between Kyrgyzstan and Kazakhstan, reduce travel time and costs, and improve road safety. In Uzbekistan, an anticipated EIB loan of up to EUR 100 million, supported by an EU guarantee of EUR 6 million, will finance the Nukus Highway Development Project. The upgrade of 87 kilometers of the A380 highway, one of the country’s main transport arteries, is expected to strengthen regional trade and streamline transport flows with neighboring states. Speaking at the forum, Commissioner Marta Kos stressed the geopolitical and economic value of reliable east-west transport links: “All of us have learnt the hard way that excessive dependencies make us vulnerable," she said. "Investments in transport infrastructure, digital and energy connectivity create more options and less risk of blackmail. We need credible, long-term alternatives to the Northern Corridor. Cargo along the Middle Corridor has grown four-fold between 2022 and today. By 2030 it could again triple, if the right investments are made to increase capacity and close gaps.”

Opinion: Abraham Accords Can Help Kazakhstan Reshape Its Energy Future

On 6 November 2025, after speaking with Kazakhstan’s President Kassym-Jomart Tokayev and Israel’s Prime Minister Benjamin Netanyahu, U.S. President Donald Trump announced that Kazakhstan would join the Abraham Accords. Astana and Jerusalem have maintained full diplomatic relations since 1992, but Kazakhstan’s entry pushes the Accords beyond the Middle East and North Africa and into the Eurasian heartland. This matters at a time when Washington wants to re-energize the initiative and deepen its C5+1 engagement with the region. Kazakhstan’s decision fits its multi-vector policy. The decision also builds on the country’s role as a key component of the Trans-Caspian International Transport Route (TITR, “Middle Corridor”), which links Chinese production to European markets. Cargo volumes reached about 4.5 million tons in 2024 and are expected to rise to around 5.2 million tons in 2025. A recent report by Boston Consulting Group expects rail freight through the Middle Corridor to quadruple by the decade’s end. The Accords do not change Kazakhstan’s formal status with Israel. The question is, rather, whether they unlock deeper economic cooperation. The Times of Central Asia has already reported on clear opportunities for cooperation in sectors such as water and agricultural efficiency, grid and industrial productivity, and cybersecurity and administrative modernization. In the energy sector, like the others, the Accords give Israeli companies a clearer political and legal framework for working with Kazakhstan’s energy and infrastructure sectors. Gulf Cooperation Council states, and the United Arab Emirates (UAE) in particular, could provide project finance as well. Hard Energy, Nuclear Fuel, and Israeli Technology Astana’s principal concern in the energy sector is how to raise net revenue: the goal here is to make the sector more resilient to external pressure without incurring prohibitive capital costs. Israeli firms can address that problem at an operational level. The PrismaFlow sensing system developed by Prisma Photonics is a proven technology that uses existing optical fiber as a sensing system. Thousands of kilometers of pipeline can be monitored in real time for leaks, third-party interference, and attempted theft, without having to install physical sensors along the route. KazTransOil and Prisma Photonics could develop a program through an Abraham Accords framework to overlay this technology on selected trunk network segments and on the systems that deliver crude to export pipelines. Energy-sector cybersecurity is another area where Israeli companies can help Kazakhstan’s hard-energy system. The Israeli firm Radiflow specializes in operational-technology (OT) cybersecurity for oil and gas installations, tailored to pipeline and production environments. Its systems provide continuous network visibility and better anomaly detection. Its risk-based threat management reduces both the likelihood and the cost of cyber incidents that might interrupt flows or force precautionary shutdowns. KazMunayGas, KazTransOil, and their joint ventures could implement a structured audit and remediation program with Radiflow as a strategic partner. The uranium sector presents another opportunity for Kazakhstan–Israel cooperation, potentially a more strategic one. OT security systems can provide monitoring and control layers for uranium mining, in-situ leaching fields, and logistics chains. Kazakhstan accounts for over 40% of the world's uranium...