• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10760 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10760 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10760 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10760 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10760 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10760 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10760 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10760 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 3

Washington Links TRIPP and Jackson-Vanik Repeal in Push Toward Central Asia

A notable strategic shift is taking place in U.S. foreign policy, one that could have a long-term impact on the economic architecture of Eurasia. After decades in which Central Asia and the South Caucasus were viewed largely through the lens of security, counterterrorism, and competition with Russia and China, Washington is increasingly emphasizing trade, investment, transport routes, and access to critical minerals. One of the clearest signs of this shift came during a recent hearing before the U.S. Senate Foreign Relations Committee, where Senator Steve Daines and Secretary of State Marco Rubio discussed the implementation of the U.S.-backed Trump Route for International Peace and Prosperity (TRIPP) framework, as well as the need to remove the outdated Jackson-Vanik trade restrictions. At first glance, these may appear to be separate issues: the peace process in the South Caucasus and Cold War-era trade legislation. In reality, however, they are closely connected. Together, they point to a broader U.S. effort to link Central Asia, the South Caucasus, and Western markets through trade, transport, and investment. In recent years, Republican Senator Steve Daines of Montana has emerged as one of the most active advocates of expanding America’s presence in Central Asia. As co-chair of the Senate Central Asia Caucus and one of the leading proponents of legislative efforts to repeal Jackson-Vanik restrictions, Daines has consistently argued for stronger trade and investment ties between the United States and the countries of the region. During the hearing, Daines placed particular emphasis on the importance of the Armenia-Azerbaijan peace process, describing it as one of the most underappreciated diplomatic efforts of recent years. According to the senator, resolving the conflict could open the door to a large-scale economic transformation of the wider region. Particularly noteworthy was his reference to a geopolitical concept associated with former U.S. National Security Advisor Zbigniew Brzezinski. In Daines’ formulation, Central Asia represents the “bottle,” while Azerbaijan serves as its “cork.” Opening transport routes through the South Caucasus, he argued, would allow flows of oil, gas, critical minerals, and other resources to move toward Western markets rather than toward Russia, China, or Iran. Daines said this approach helped address some of the most difficult issues in the Armenia-Azerbaijan settlement process and laid the foundation for what he called a “landmark agreement” after nearly four decades of conflict. Secretary of State Marco Rubio described TRIPP as an initiative capable of fundamentally transforming Armenia’s economic role in the region. According to Rubio, the framework not only addresses the issue of transport access, which had long been a source of disagreement between Baku and Yerevan, but also creates an opportunity for Armenia to become a major trade and logistics hub connecting Europe and Asia. Rubio described TRIPP as central to the Armenia-Azerbaijan settlement framework, emphasizing that the project could generate substantial investment flows and attract U.S. companies to infrastructure and transport projects across the region. Washington’s argument is that trade, transit, investment, and infrastructure can give the political settlement a stronger economic base. Unlike many previous peace...

Central Asia Seeks More Local Value From Critical Minerals

Rising demand for critical minerals is drawing Central Asia deeper into global supply chains, but the region’s harder test is not whether it has the deposits. It is whether more value can stay at home. Copper, tungsten, graphite, antimony, rare earths and other metals now sit at the center of battery production, power grids, chips, weapons systems, and renewable energy. Governments across the region want the sector to bring capital, jobs, and technology. The risk is another cycle in which raw materials leave the region, and most of the value is created elsewhere. The scale of the region’s reserves explains why outside interest is rising. An OECD review of critical raw materials in Central Asia says the region holds 39% of global manganese ore reserves, 31% of chromium, 20% of lead, 13% of zinc, 9% of titanium, 6% of aluminum, and 5% each of copper, cobalt, and molybdenum. The same review says Kazakhstan can export 21 of the 34 critical raw materials on the EU list, while Kyrgyzstan has the world’s third-largest antimony reserves, and Uzbekistan has the world’s eleventh-largest copper reserves. Uranium widens the picture: Kazakhstan is the world’s largest uranium producer, accounting for 39% of mined uranium supply in 2024, according to the World Nuclear Association. Kazakhstan has moved fastest in turning this base into policy. The prime minister’s office says the country will spend about $500 million over three years on geological exploration and modernizing infrastructure. The plan includes seismic surveys, new data systems, and a geological cluster in Astana. The government wants to raise geological study coverage to 2.2 million square kilometers. President Kassym-Jomart Tokayev has linked the sector to Kazakhstan’s wider industrial plans. In his 2025 state-of-the-nation address, Tokayev said the mining and metallurgical complex still had “significant growth potential, particularly in the production of high-value-added products.” New discoveries have sharpened that push. Kazakhstan’s industry ministry said in 2025 that geologists had identified the Zhana Kazakhstan rare earth site, with estimated resources of more than 20 million metric tons. The site contains neodymium, cerium, lanthanum, and yttrium. Officials have also cited the Kuirektykol site in the Karaganda Region, where confirmed reserves are estimated at 795,800 tons, with total resources estimated at 935,400 tons. Uzbekistan is making its strongest move in copper and processing capacity. In March, President Shavkat Mirziyoyev launched Copper Concentrator No. 3 at the Almalyk Mining and Metallurgical Complex. The $2.7 billion facility is designed to process 60 million tons of ore and produce about 900,000 tons of copper concentrate per year. Once fully operational, it is expected to raise daily concentrate output at Almalyk from 2,400 tons to 5,000 tons. Uzbekistan’s minerals push has also drawn U.S. support. Uzbekistan and the United States signed a memorandum on critical minerals and rare earth supply chains in February, giving Tashkent a clearer place in Washington’s effort to diversify critical minerals supply chains beyond China. The U.S. International Development Finance Corporation later signed a Joint Investment Framework with Uzbekistan, stating that this would “promote cooperation...

Turkmenistan Pushes for Food Security with International Help

As Turkmenistan works to modernize food production, representatives from dozens of foreign companies were in the country this week for meetings on the agricultural and food industries as well as the packaging of goods. The Agro Pack Turkmenistan-2026 event reflected the Central Asian country’s efforts to turn the corner on reported food shortages, import dependence and high prices over many years – and evolve as an exporter. The impact of climate change on farming yields, along with recent shipping disruptions and higher fuel and transport costs linked to the Iran war, pose challenges to many regions working to maintain a stable supply. The Food and Agriculture Organization, a U.N. agency dedicated to food security, signed a deal to open an office in Turkmenistan in January as the country stepped up its campaign to improve production and quality with international help. Visiting Turkmenistan at the time, FAO Director-General Qu Dongyu said it was the last country in the region without “representation” of the U.N. agency and that a “turning point” had arrived. “In Turkmenistan, traditional agriculture has its limits,” Qu said. “But through innovation and modern technology, you can unleash the biggest potential of your land in this region.” During his visit, Qu said he had spoken to President Serdar Berdimuhamedov for one hour – far longer than he had expected. This week, Berdimuhamedov said in a message to participants in the May 12-14 Agro Pack conference that the state was coordinating with foreign companies to introduce “high technologies and innovative initiatives into large investment projects.” In addition, the president said, state-backed private Turkmen producers are making progress in “farming, livestock farming, the development of poultry complexes, greenhouse farms, meat and milk processing, the production of confectionery, fruit juices, juices and processed vegetables and melons.” The conference was held at Turkmenistan’s Chamber of Commerce and Industry in Ashgabat and drew diplomats and business executives from Pakistan, Azerbaijan, Türkiye, China, and other countries. Azerbaijani companies participated in the exhibition, according to Azerbaijan’s embassy. One was Gözel Seeds, which has seed breeding operations in Spain, Türkiye, Azerbaijan, and Uzbekistan. In another development, Kirill Zaitov, director of the Russian company AgroExport, said at the conference that there are plans to increase wheat flour supplies to Turkmenistan to 400 tons per day. Currently, the company exports 6,000 tons of products to Turkmenistan every month, according to the Business Turkmenistan website. Reports of food problems, including in Turkmenistan’s military, have persisted until recently. However, Turkmenistan reported a successful spring sowing campaign for potatoes and other crops that aims to increase domestic supply and reduce the need for imports.