• 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 35

C5+1: Diplomats and Executives Define Investment Path

Before the historic White House meetings on November 6 between President Trump and the five Central Asian presidents, U.S. and regional diplomats and business leaders met at the Kennedy Center on the occasion of the C5+1 Business Forum, hosted by the U.S. Department of State, to launch a new chapter of cooperation, with a focus on strengthening commercial and investment ties in energy, finance, and manufacturing. Deputy Secretary of State Christopher Landau, who moderated the panel discussion, said economic engagement is returning to the center of U.S. foreign policy. “The purpose of foreign policy is to increase the prosperity of the American people by finding opportunities for mutually beneficial economic and commercial interchange,” he said. Executives from Chevron, Citi, Freedom Holding, and Uzbekistan’s UzAvtosanoat described how decades of partnership  had demonstrated the wisdom of making strategic investments in the region. These partnerships continue to reshape  the economic and financial landscape for the better.  Participants highlighted Central Asia’s economic stability, solid reserves, and consistent policies, and were confident in faster growth to be driven by increased capital flows and by regional projects like Kazakhstan’s Tengiz oil expansion. Both sides promised to translate diplomacy into dealmaking. Landau further noted that under President Trump and Secretary of State Marco Rubio, the State Department has elevated commercial diplomacy to a core mission. He stressed that mutual respect, win-win agreements, and consistent engagement are key to driving results. Central Asians have waited decades for this: action, not talk. Two-way trade and investment are now front and center. Chevron Points to Long-Term Energy Investment Chevron Corp. Chief Executive Mike Wirth said the company’s 30-year presence in Kazakhstan remains one of its largest international operations. Chevron was the first major U.S. investor to enter the country after independence and is now the biggest foreign investor. The US$ 48 billion Future Growth Project at Kazakhstan’s Tengiz oilfield, co-managed by Chevron and 50%-partner Tengizchevroil LLP, is up and running with expansion underway. “Our history is really founded on relationships and trust,” Wirth said. “The most enduring aspect of it (our work) is the respect and love that our American employees have for the culture and people of Kazakhstan.” He said more than 500 Kazakh employees have trained in Chevron operations worldwide, many of whom now hold senior roles in government and industry. Citi Expands Access to Global Capital Citi’s Managing Director Stephanie von Friedeburg outlined the bank’s activities in Central Asia, where it began operations more than three decades ago. Citi now serves about 800 corporate clients across the region, supporting private companies, governments and state-owned enterprises with strategic planning, capital issuance, and risk management services. The bank has arranged Eurobond sales for the Kyrgyz Republic and Tajikistan and handled more than US$40 billion in fundraising for Kazakhstan since 2014. In Uzbekistan, Citi has supported 19 capital-market transactions and advised the government on improving its credit rating. “We help countries understand how rating agencies look at them (and) how to improve their ratings,” von Friedeburg said. “That allows them...

Daines, Gor, Meredov Launch C5+1 Talks on Next-Gen U.S.–Central Asia Ties

Washington, D.C. — The United States and the five nations of Central Asia – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan – marked a decade of partnership on Thursday with an opening panel at the C5+1 Tenth Anniversary Business Conference hosted by the U.S. Department of State. U.S. Senator Steve Daines (Montana), Sergio Gor, the newly appointed U.S. Special Envoy for South and Central Asia and Ambassador to India and Rashid Meredov, Turkmenistan’s Foreign Minister kicked things off with a bold forward-looking vision centered on deeper economic cooperation, net two-way investment flows, and a bolstered U.S. commitment to the region. Held at the Kennedy Center’s REACH campus, the session brought together senior U.S. officials, and Central Asian leaders and private sector companies to deepen a decade of growing cooperation, building on Trump’s transactional approach and first term achievements. Celebrating a Decade of Cooperation U.S. Senator Steve Daines, who moderated the session, not only praised the C5+1 platform’s record of achievements since 2015 but went further. He called the anniversary “a momentous occasion for our nations” to move forward in friendship and a sense of pragmatism, anchored in growing commerce, new investments, cultural exchange, and security cooperation. Daines emphasized that relations with the C5 countries are “vitally important for our national security and prosperity,” adding that the event aimed to pave the way for stronger, results-driven partnerships. Turning to the next speaker, Ambassador Sergio Gor, Daines offered unusually personal remarks, describing him as “truly one of the closest confidants of President Trump.” He noted that “Mr. Gor’s nomination demonstrates President Trump and his administration’s commitment to fostering closer ties between all of our nations.” Daines expressed eagerness to work with  “Sergio and the rest of President Trump’s team” to build upon the successes of previous US-Central Asian relations. U.S. Envoy Stresses Renewed Engagement In his address, Ambassador Sergio Gor,  underscored the administration’s renewed commitment to the region. He recounted that he and Deputy Secretary of State Christopher Landau had visited Kazakhstan and Uzbekistan just last week, praising the hospitality and partnership shown by both governments. Gor extended his appreciation to Kazakhstan, which he noted had “recently become a sponsor of the Kennedy Center,” and thanked Ambassador Richard Grenell for hosting the forum. Gor emphasized that “this President is making this partnership a top priority,” adding that the focus on the five Central Asian nations “is something that has been ignored in past administrations.” According to Gor, President Trump “has made a commitment and has instructed every individual here within the U.S. government to make sure [Central Asia] gets the priority that it deserves.” He emphasized the need to ramp up energy cooperation, open new trade avenues, and secure supply chains for critical minerals. “We are committed to further developing Central Asia’s vast mineral wealth and advancing critical-mineral security,” Gor underscoring C5+1’s shift from dialogue to deliverables and mutual cooperation. He also previewed the White House leaders’ meeting and dinner scheduled for later in the day, noting that several “historic deals” in commerce...

U.S. Secretary of State Marco Rubio Plans Visit to Central Asia in 2026

U.S. Secretary of State Marco Rubio announced on Wednesday his intention to visit all five Central Asian countries in 2026. Rubio made the statement during a meeting with the foreign ministers of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The visit is part of a broader diplomatic initiative by U.S. President Donald Trump's administration to strengthen ties with the resource-rich region. Today, the presidents of the five Central Asian republics, Kassym-Jomart Tokayev (Kazakhstan), Sadyr Japarov (Kyrgyzstan), Emomali Rahmon (Tajikistan), Serdar Berdimuhamedov (Turkmenistan), and Shavkat Mirziyoyev (Uzbekistan), are scheduled to meet with President Trump in Washington. The summit is expected to focus on cooperation in the extraction of rare earth elements and other natural resources in Central Asia. Rubio emphasized the alignment of U.S. and Central Asian interests in promoting responsible and sustainable development of the extractive sector. “You are seeking to use the resources that God has blessed your countries with to create responsible development and diversify your economies,” he said at a reception hosted by the State Department. “I personally intend to visit in the coming year. All five [countries], so I know it would probably be a week-long trip. So we’ve got to work on that and make that happen together.” U.S. Deputy Secretary of State Christopher Landau stated that the invitation extended to Central Asian leaders is part of President Trump’s personal initiative to deepen engagement with the region. He highlighted broad opportunities for cooperation in business, investment, and strategic partnerships. Also speaking at the reception, Republican Senator James Risch said he intends to introduce legislation to repeal the Jackson-Vanik amendment, a Cold War-era law that restricts U.S. trade with non-market economies.

Opinion: A Trump Visit to Central Asia Would Deliver Results and Anchor a Corridor Strategy

On November 6, Washington will host the C5+1 leaders’ summit, marking the format’s 10th anniversary and signaling a rare alignment of political attention and regional appetite for concrete outcomes. The date is confirmed by regional and U.S.-focused reporting, with Kazakhstan’s presidency and multiple outlets noting heads-of-state attendance in the U.S. capital. This timing is decisive. Russia’s bandwidth is constrained by the war in Ukraine, China’s trade weight in Central Asia has grown, and European demand for secure inputs and routes has intensified. All these developments together create a window where a visible United States presence can meaningfully alter the deal flow. A visit sequenced off the November C5+1 will attach U.S. political attention to minerals, corridors, and standards that regional governments already prioritize, confirming the conversion of the summit's symbolism into leverage. Washington already has the instruments but has lacked a synchronized presence. Development finance, export credit, and C5+1 working groups exist, yet announcements have too often outpaced commissioning. A targeted tour could unveil named offtakes, corridor slot guarantees, and training compacts. This would move from the dialogue to bankable packages if paired with financing envelopes, posted schedules, and third-party verification. Deals, dates, and delivery would make operational signals clear to partners and competitors alike. Strategic Rationale and Operating Concept The United States has three clear goals. These are to diversify critical minerals away from single-point dependency on China, de-risk trans-Eurasian routes that connect Asian manufacturing to European demand, and reinforce the sovereignty of the states in the region without pressuring them to choose sides in great-power competition over other issues. These imperatives already guide the national-security strategies of Central Asian governments, which implement them according to multi-vector doctrines. A presidential visit that treats minerals, corridors, and standards as a single package would show that Washington is prepared to move forward on the same problem set that the region has defined for itself. The ways to do that are through finance-first diplomacy and an end-to-end corridor approach, including the Caspian crossing. Finance-first diplomacy pairs every political announcement with insurance, offtake letters, and term sheets (short non-binding summaries of key commercial and legal terms for a proposed deal). These signal the intention to convert declarations into commissioning. An end-to-end corridor approach accepts the physical reality that Central Asian outputs move west through Central Asia, across the Caspian Sea, and across the South Caucasus, with Azerbaijan functioning as the hinge that makes Europe reachable at scale. Each element of the “minerals–corridors–standards” triad reinforces the others when the whole is pursued as a single program. Reliable customs and traceability raise corridor credibility, which raises project bankability, which in turn attracts the private capital required for mineral processing. The instrumentalities for this already exist. The C5+1 framework can be tasked to track deliverables; the Development Finance Corporation (DFC) and the Export-Import Bank (EXIM) can cover risk and long-term debt; aid and technical programs of the Department of State and Commerce can align standards, procurement integrity, and traceable supply chains; U.S. universities and labs can...

Trump–Xi Meeting Reshapes Stakes Ahead of C5+1 Summit

The October 30, 2025, meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Busan, South Korea, marked their first in-person contact since 2019. While framed as a limited reset or tactical pause, the talks carry deeper strategic implications. They occurred just days before the forthcoming C5+1 Leaders’ Summit in Washington on November 6, a gathering with direct consequences for Central Asia’s role in the future of critical mineral supply chains. South Korea Talks: Reset or Recalibration? At the meeting in Busan, Trump and Xi discussed supply chains, tariffs, rare earth trade, and broader trade issues. The U.S. announced that China had agreed to pause certain rare-earth export curbs for a year, with Trump describing the talks as “amazing.” China currently processes roughly 90% of the world’s rare-earth elements and mines around 70%, which are indispensable in the production of electric vehicles, wind turbines, defense technologies, and high-tech manufacturing. Analysts characterized the Busan accord not as a strategic realignment but as a “tactical pause” or a “temporary lull to escalation” between the U.S. and China. For emerging potential U.S. partners in Central Asia, however, the optics matter, as any perceived U.S.–China trade thaw could diminish the urgency behind diversifying rare earth supply chains. Central Asia’s Rare Earth Opportunity As previously reported by The Times of Central Asia, the upcoming C5+1 summit is likely to focus on critical minerals, energy logistics, and investment infrastructure as the U.S. seeks to reduce its reliance on China. Kazakhstan has emerged as a major player in rare earths, with geological surveys in 2024 and 2025 identifying 38 promising solid mineral deposits, including the Kuyrektykol site in the Karaganda region, which contains substantial reserves. Uzbekistan, meanwhile, signed a memorandum of understanding with the U.S. on critical minerals cooperation in September 2024, which represented a major step toward deepening bilateral cooperation on this front. The U.S. International Development Finance Corporation (DFC) has signaled its interest in co-financing midstream mining and processing infrastructure in Central Asia, though projects remain at formative stages. Logistics routes such as the Middle Corridor via Central Asia and the Caspian remain strategically attractive to Western-aligned supply chains seeking to bypass Russia. Trump–Xi Reset Could Blur U.S. Commitments, But the Case for Diversification Remains Strong Should the Trump-Xi meeting diminish the immediate urgency of supply chain diversification, this will be of concern to countries looking to balance their economies with geopolitical neutrality. Kazakhstan has long positioned itself as a multi-vector neutral broker between major powers, meaning fluctuating U.S. policy signals could cause complications. Despite the reset, however, most analysts contend that little has fundamentally changed, with the Busan meeting seen as a temporary rather than a genuine strategic pivot. While structural competition between Washington and Beijing endures, diversification of critical mineral supply chains remains as essential as ever. For Central Asia, this dynamic reinforces the need to continue developing regional value chains and its mid-stream processing capacity. What to Expect in Washington The November 6 C5+1 Leaders’ Summit in Washington will test whether the...

U.S. Envoys Hail Stronger Kazakhstan Partnership Ahead of C5+1 Summit

On October 29, Unites States Special Envoy for South and Central Asia Sergio Gor and Deputy Secretary of State Christopher Landau concluded their visit to Kazakhstan ahead of the upcoming C5+1 summit in Washington. During their trip, the U.S. envoys met with President Kassym-Jomart Tokayev and held discussions with representatives of Kazakhstan’s government and business community, which they described as highly productive. “We are concluding a memorable trip to Kazakhstan in the beautiful capital, Astana, which did not even exist 30 years ago and now boasts a population of more than 1.5 million,” Landau posted on social media. He also stated that bilateral relations between the U.S. and Kazakhstan “have never been so strong” and expressed gratitude for the hospitality.  Gor and Landau held talks with Prime Minister Olzhas Bektenov and key cabinet members, including Minister of Trade and Integration Arman Shakkaliev, Minister of Energy Yerlan Akkenzhenov, Minister of Transport Nurlan Sauranbayev, and Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, to discuss Kazakhstan’s economic priorities and areas for expanding bilateral cooperation. According to the Kazakh government, the talks focused on expanding trade and investment cooperation between the two countries. Priority areas included transport and logistics, energy, agriculture, the digital economy, and artificial intelligence. During their visit, the U.S. envoys also met with Deputy Prime Minister Murat Nurtleu, who reaffirmed Kazakhstan’s readiness to cooperate on sustainable development and energy security. The meetings demonstrated Kazakhstan’s active engagement with the United States in the lead-up to the upcoming Central Asia–U.S. summit. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, who highlighted Kazakhstan’s economic strengths during talks with Gor and Landau, had recently returned from a high-level visit to the United States. His delegation, which included Deputy Head of the Presidential Administration Erbolat Dossaev and Chairperson of the Agency for Regulation and Development of the Financial Market Madina Abylkasymova, held meetings in New York and Washington with American business leaders and members of Congress. During the visit, the Kazakh delegation presented the country’s economic growth strategy, highlighted ongoing GDP expansion, and discussed the potential listing of government securities on the New York Stock Exchange. They also raised the possible repeal of the Jackson–Vanik Amendment, a long-standing priority for Kazakhstan’s diplomatic agenda. Against this backdrop, the White House’s decision to convene a summit between President Donald Trump and the leaders of the Central Asian republics may partly reflect Kazakhstan’s sustained diplomatic outreach. In that context, Gor and Landau’s remarks of appreciation as they departed Astana underscored recognition of Kazakhstan’s role in shaping this evolving partnership.