• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
10 November 2025

Viewing results 1 - 6 of 2

Has Kyrgyzstan Benefited From Its Membership of the EAEU?

On the sunlit shores of Lake Issyk-Kul this August, Kyrgyzstan played host to leaders from across the Eurasian Economic Union (EAEU). On August 14-15, officials from Armenia, Belarus, Kazakhstan, and Russia descended on the resort town of Cholpon-Ata for a meeting of the Eurasian Intergovernmental Council, accompanied by ceremonies to mark a decade since Kyrgyzstan joined the Moscow-led economic bloc. The Kyrgyz government issued a commemorative stamp to celebrate the anniversary, while the guest of honor, Russian Prime Minister Mikhail Mishustin, arrived with pledges of deeper integration. Rosatom, Moscow’s nuclear agency, signed agreements to build Kyrgyzstan’s first wind farm near Issyk-Kul, while the union’s five governments also agreed to recognize each other’s digital documents, and talks continued on a long-awaited gas union. Mishustin also caused a stir on social media by addressing the Kyrgyz honor guard in their own language. The words “Salam Asker” (hello, soldiers) were enough to draw appreciation from a Kyrgyz society unused to hearing Russian politicians use any language but Russian in its former colonies. The flattery was all part of the choreography: in return, Kyrgyz government officials and state media fell in line to proclaim the benefits of EAEU membership. But have these benefits been worth it? Or has the EAEU merely tethered Bishkek to a partner whose grip is more suffocating than supportive? [caption id="attachment_35121" align="aligncenter" width="1600"] The Conference Hall at Cholpon-Ata, where the council meeting took place; image: Joe Luc Barnes[/caption] The Case for the Union Kyrgyz officials are keen to emphasize the upsides. In an interview with state mouthpiece Slovo.kg, former economic minister Arzybek Kozhoshev said that joining the bloc had eased conditions for Kyrgyz migrant laborers in Russia and Kazakhstan. “With the accession of the Kyrgyz Republic to the EAEU, the conditions of stay and work of citizens of the Kyrgyz Republic in other EAEU countries have changed significantly,” Kozhoshev said, highlighting simplified entry, no requirement to take a Russian language exam, equal access to health insurance, and even the right to draw pensions on par with local workers. For a country where remittances have accounted for around 25% GDP over the past decade, these measures are not insignificant. Kyrgyz drivers, once barred from operating commercial vehicles in Russia, now enjoy full rights. Digital labor platforms like Work Without Borders make it easier to find jobs, and migrant workers in Russia pay the same flat 13% tax as local workers. In short, for the hundreds of thousands of Kyrgyz toiling in Moscow, Novosibirsk, and Almaty, the EAEU has meant fewer hurdles and more predictability. It’s worth bearing in mind that other potential labor destinations, such as Korea, the United States, or the European Union, are not handing out hundreds of thousands of visas to Kyrgyz citizens every year. Kremlin officials have also stressed that Kyrgyzstan pays lower tariffs on Russian gas – only $150 per 1,000 cubic meters, due to its EAEU membership. That said, given Russia’s current oversupply of gas with the closure of the European market, this is not...

Kyrgyzstan Complicates Re-Export of Goods to Russia

Re-exporting goods to Russia from third countries through Kyrgyzstan are to become more expensive due to a new rule implemented by the National Bank of the Kyrgyz Republic (NBKR). The new protocol prohibits banks from making payments for goods intended for foreign countries without actual delivery to the territory of Kyrgyzstan. The rule came into force on September 25 and effectively closed the channel of transit payments for goods from third countries to Russia through Kyrgyzstan. The move is seen as a response to requests from international financial institutions. It might be instrumental in putting an end to Russia’s practice of avoiding Western sanctions imposed due to Russia's war in Ukraine. The new NBKR rule would also benefit the Kyrgyz economy, as re-exported goods must now be delivered to Kyrgyzstan and subject to Kyrgyz customs duties and taxes. According to Russian media reports, Russian importers have already encountered difficulties associated with the new requirement to transport goods through Kyrgyzstan, and the corresponding customs and tax costs, which makes re-export less profitable. The NBKR requirement does not extend to the Trading Company, established by the Cabinet of Ministers of the Kyrgyz Republic on August 23. Wholly state-owned, the company oversees trade flows involving Kyrgyz firms that re-export goods without physically delivering them to Kyrgyzstan. The Trading Company has the exclusive right to carry out trade operations without actual delivery to Kyrgyzstan. Companies that previously carried out trade without delivery to the Kyrgyz territory must carry out operations through the Trading Company. Also, the NBKR rule does not apply to deliveries made through e-commerce marketplaces for personal use.