• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10699 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10699 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10699 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10699 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10699 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10699 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10699 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10699 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 60

Uzbekistan’s Ambassador to Kazakhstan on Regional Integration and a Shifting Global Order

Amid shifting regional dynamics and an evolving global order, Uzbekistan has emerged as one of Central Asia’s most proactive diplomatic and economic actors. Since 2016, Tashkent has pursued an ambitious reform agenda at home while expanding cooperation with its neighbors and major global powers. In a wide-ranging interview with TCA, His Excellency Bakhtiyor Ibragimov, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to Kazakhstan, discusses regional integration, strategic partnerships, Afghanistan, China, and the future of economic diplomacy in Central Asia. TCA: Mr. Ambassador, Uzbekistan has demonstrated significant economic progress in recent years. What do you see as the key drivers behind this success? Ambassador Ibragimov: First of all, welcome to the Embassy of the Republic of Uzbekistan in Astana. We are familiar with your publication. We read it often, follow it, and analyze it. I would start with President Shavkat Mirziyoyev taking office at the end of 2016. It is no secret that until 2016, the Republic of Uzbekistan, despite its potential, was a fairly closed country. Our president always asks us, his representatives abroad, to speak openly about this. You cannot rewrite history or hide it. Relations with our neighbors were, frankly, at a very low level, and with some, there were no relations at all. The end of 2016 was a turning point, when reforms were not only declared but implemented and are now yielding results. One of President Mirziyoyev’s first foreign-policy priorities was normalization, and I want to emphasize this: normalization and then improving relations with neighbors. There is a saying in Uzbekistan: "If your neighbor is doing well, then you will also do well." Today, nearly a decade later, we can see that this policy is yielding results. Please note: this is not my personal assessment, but the assessment of international experts who recognize that the President has managed to achieve what once seemed impossible. I am speaking about regional integration with our neighbors. For example, a key issue for Central Asia is water. Many analysts warn that competition for water resources could, in the future, become a potential source of conflict. Two main rivers feed the region. Unfortunately, due to climate change, water volumes are not increasing year by year, while consumption is rising. We have managed to resolve almost all issues to date. In particular, based on the level of accumulation in the autumn-winter period in the upper reaches of the Amu Darya and Syr Darya rivers, and taking into account irrigation needs during the growing season, our water specialists jointly agree on and ensure the necessary water discharge within an agreed time frame. Uzbekistan, as you know, is located in the very center of Central Asia, bordering all Central Asian states, as well as Afghanistan. Today, border issues have largely been resolved. The final chord was struck on March 31, 2025, when the leaders of Uzbekistan, Tajikistan, and Kyrgyzstan signed an agreement on the border junction point, confirming the point of convergence of the three countries’ state borders. It should also be...

Opinion: Iranian Unrest Creates Opening for U.S., Partners in Central Asia

As protests in Iran enter their third week, nationwide unrest is exerting political strain and societal pressure on the Islamic Republic. The nation’s current escalation reflects a level of sustained mobilization comparable to Iranian demonstrations that erupted in 2022 following the death of Mahsa Amini. While the outcome of these developments remains uncertain, ongoing unrest in Iran is more likely to impact Central Asia’s existing energy, transit, and security dynamics, rather than alter the broader regional landscape. This moment nonetheless offers the United States and its partners a strategic opportunity to advance long-term objectives in Central Asia while supporting regional resilience at a time when geopolitical alignments are rapidly shifting. Combined with ongoing disruptions caused by Russia’s War in Ukraine, the recent protests in Iran may create a heightened sense of uncertainty or risk perceptions in global energy markets. In particular, the current Iranian unrest may raise concerns regarding potential oil supply disruptions and broader geopolitical tensions. For neighboring producers like Kazakhstan, which maintains an oil-dependent economy, this elevated volatility could translate into higher revenues from existing exports. Increased fiscal flexibility from rising oil revenues may therefore provide Astana with the opportunity to expand its scope for economic cooperation with Western partners. The United States, which maintains long-standing bilateral energy ties with Kazakhstan, could draw on these existing partnerships to deepen its bilateral energy and technical ties. Beyond its impact on energy markets, ongoing instability in Iran may also affect regional connectivity initiatives. For example, disruptions could emerge along the International North-South Transport Corridor (INSTC), a multimodal network connecting India, Iran, and Russia, with branches that involve the Caspian and Central Asia. Although the Kazakhstan-Turkmenistan-Iran railway sits along this route and facilitates the transport of energy resources and critical minerals across the region, the corridor currently plays a more limited role in regional transit across Central Asia. This route nonetheless remains of interest to Central Asia because it offers the region an opportunity to enhance long-term economic diversification through access to new markets in the Persian Gulf. Minor disruptions could therefore underscore the corridor’s growing geopolitical value as a connector for trade and energy transport across multiple countries and regions. This context creates a strategic opening for the United States and its partners to contribute to the region’s long-term trade and connectivity landscape. By supporting Central Asian nations in reducing reliance on Iranian transit, the United States can accelerate investment in alternative routes like the Middle Corridor that bypass both Russia and Iran. During an investors' forum in Tashkent late last year, Europe announced it would increase its investment in the Middle Corridor. However, the United States continues to remain on the periphery of this project. By collaborating with European partners to enhance infrastructure along this route during a critical time, the United States can help Central Asian nations position the Middle Corridor as the region’s most resilient and viable alternative for trade and exports. This would ultimately advance shared interests by enhancing Central Asia’s connectivity and facilitating greater U.S....

Central Asia, Vanadium, and the U.S. National Security Strategy

Dated November 2025 and released publicly in early December, the U.S. National Security Strategy links overseas trade and investment, but overlooks Central Asia as a target region for critical minerals. This oversight merits reconsideration in the NSS’s next iteration, given the region’s known natural resource base, openness to foreign investment, proficiency in mining operations, low processing costs, and manageable geopolitical risks. As governments and businesses review supply-chain resilience for critical minerals, vanadium – not one of the 17 rare earth metals – has increasingly become a strategically relevant rather than optional or cyclical commodity. It is widely used in high-strength steel, grid-scale energy storage functions such as redox flow batteries, and infrastructure with defense and industrial applications. A recent letter from the U.S. Congress highlights a critical shortfall of vanadium in the United States: with 14,000 metric tons consumed in 2024, only 3,800 tons were produced domestically. Imports, mainly from Brazil and South Africa, are at risk due to shifting market conditions, meaning the U.S. needs a more structured and focused industrial-like approach to counter unnecessary import dependencies and geopolitical stresses. U.S. supply is secured solely through imports and recycling, given that the mining of vanadium-bearing mineral precursors is minimal to non-existent in the United States. With mining dominated by China and Russia, and with South African production in decline, today’s need to secure primary materials and supply chains means the U.S. must invest overseas until domestic mining is viable. What is needed is vertical integration from mine to final product – vanadium pentoxide (V205), vanadium trioxide (V2O3), and vanadium sulfate (VOSO₄ / V₂(SO₄)₃) for batteries. In an October Development Finance Corporation media release, DFC CEO Ben Black said that “Securing critical minerals is a paramount matter of U.S. strategic interest and economic prosperity.” That’s clearly beyond dispute. Central Asia and Vanadium Central Asia as a region fits within the U.S.’s broader geostrategic goals and geographic diversification plans aimed at building solid asset-based partnerships that go beyond raw material extraction and precarious trading arrangements. Last November's gathering of Central Asia’s five presidents at the White House finally placed the region firmly on the global map. U.S. Assistant Secretary of State for South and Central Asian Affairs Paul Kapur has also been clear: “Under President Trump’s and Secretary Rubio’s leadership, we’re elevating the C5+1 partnership as a priority — a strategic priority and an economic priority.” Here, amongst critical minerals, vanadium surely emerges as a priority commodity, given the near absence of U.S. domestic mining. Kazakhstan leads Central Asia in vanadium mining and production, hosting the region’s most productive deposits. Established operations, strong infrastructure, cost advantages, supportive laws, tax incentives, and a free FX regime make the country highly attractive to investors. Kazakhstan has three vanadium assets—Balasausqandiq in advanced production and Lisakovsk and Kurumsak in exploration—making them attractive targets for miners or funds with long horizons and low-cost capital. Kyrgyzstan has scattered, under-explored vanadium deposits, including in the Jetim Mountain Range. Uzbekistan is expanding exploration, but the value is yet to...

NYC Mayor Adams Heads to Uzbekistan in Final Weeks in Office

New York City Mayor Eric Adams, who suspended his re-election campaign this year and leaves office on January 1, is traveling to Uzbekistan and will return to New York on Sunday. The New York Post and other media outlets said Adams, who met Prime Minister Benjamin Netanyahu in Israel on Monday, will visit Tashkent and Samarkand during the taxpayer-funded trip. The mayor’s office said late Monday that Adams will meet “government, business, tech, sports, and religious leaders to discuss how New York City can partner with Uzbekistan” to generate jobs and innovation in the city and will also visit “religious sites of importance to the Muslim community,” according to media reports. Mayor-elect Zohran Mamdani will succeed Adams, a former New York City police officer and Brooklyn borough president. As mayor, Adams has been credited with some accomplishments on housing, steering New York out of the pandemic and other issues, but his tenure was tarnished by ethics concerns and investigations. Last year, federal prosecutors charged Adams with conspiracy, fraud and other crimes for an alleged scheme involving Turkish officials. Adams pleaded not guilty. This year, the U.S. Department of Justice ordered that the case be dropped. The federal investigation of Adams included an angle involving Uzbekistan. In a 2024 affidavit, investigators alleged that Adams solicited illegal foreign donations, via a so-called “straw” donor scheme designed to conceal the identity of the real contributor of the funds. It said that one such donor “is connected to the Government of Uzbekistan and works to influence Adams on behalf of Uzbek and Central Asian causes.” Uzbekistan’s government has not commented publicly on the case. Hosting an Uzbekistan heritage reception last month, Adams said “New York is the Tashkent of America,” a reference to the large Uzbek community in the city. “I love all of my stans, Kazakhstan and the others, but Uzbekistan is growing, your country is becoming stronger and stronger every day,” Adams said.        

Magzhan Ilyasov Appointed Kazakhstan’s Ambassador to the United States

President Kassym-Jomart Tokayev has appointed Magzhan Ilyasov as Kazakhstan’s new Ambassador Extraordinary and Plenipotentiary to the United States. The appointment is part of a broader reshuffling of the country’s foreign policy leadership. The presidential decree announcing the appointment was published on the official Akorda website. Ilyasov succeeds Yerzhan Ashikbayev, who served in Washington from 2021 until his dismissal on September 26, 2025, shortly after Tokayev’s working visit to New York. Born in Almaty in 1974, Ilyasov graduated with honors from the Faculty of International Relations at the Kazakh State University of World Languages. He later earned a master’s degree from Harvard University’s Kennedy School of Government. Ilyasov began his diplomatic career in 1996 at the Ministry of Foreign Affairs, starting as a referent before serving as attaché and secretary in the Department of the United Nations and International Economic Organizations. By the late 1990s, he transitioned to the Presidential Administration, focusing on protocol and organizing international meetings. From 2005 to 2016, he held senior roles in the foreign policy division of the Presidential Administration, eventually becoming an advisor to the president. His diplomatic postings include: 2016-2020: Ambassador to the Netherlands and Permanent Representative to the Organisation for the Prohibition of Chemical Weapons; 2020-2022: Permanent Representative of Kazakhstan to the United Nations; and 2022-2025: Ambassador to the United Kingdom, with concurrent accreditation to Iceland and Ireland beginning in 2023 Ilyasov’s appointment comes amid a broader realignment of Kazakhstan’s foreign policy team. On the same day Ashikbayev was dismissed, several key changes were announced: Murat Nurtleu stepped down as Foreign Minister to become the president’s assistant for international investment and trade cooperation; Yermek Kosherbayev was appointed as the new Foreign Minister; and Yerzhan Kazykhan, formerly the president’s assistant for international affairs, was named Kazakhstan’s permanent representative to the United Nations and other international organizations in Geneva. Ilyasov’s extensive diplomatic experience and recent high-profile postings are seen as aligning with Kazakhstan’s strategic priorities in the United States, particularly amid growing engagement in investment, trade, and security dialogue.

Kazakhstan Presents Economic Growth Strategy in Washington

On October 15, Kazakhstan's Deputy Prime Minister Serik Zhumangarin presented the country’s new proactive economic growth strategy to leading American businesses during a roundtable hosted by the U.S.-Kazakhstan Business Council (USKZBC) at the U.S. Chamber of Commerce in Washington, D.C. The meeting served as a key platform for dialogue ahead of the annual meetings of the World Bank and the International Monetary Fund. The U.S. delegation included Khush Choksy, Senior Vice President for the Middle East, Turkey, and Central Asia at the U.S. Chamber of Commerce, along with executives from major corporations such as Chevron, ExxonMobil, Citi, Mastercard, Boeing, Bechtel, and LanzaJet. Zhumangarin highlighted the longstanding commercial ties between the two countries, noting that over 600 American companies currently operate in Kazakhstan, including General Electric, Pfizer, Honeywell, Coca-Cola, and John Deere. “Kazakhstan is an attractive country for American business. Our GDP this year will exceed $330 billion, approximately 60% of Central Asia’s total economy,” Zhumangarin stated, adding that GDP per capita at the end of 2024 surpassed $14,000, and $44,000 in terms of purchasing power parity. The government is aiming to raise total GDP to $450 billion by 2029. Zhumangarin emphasized that Kazakhstan’s financial indicators remain strong, with national debt at about 22.2% of GDP - around $61 billion - a level comparatively lower than in most global economies. Over the past two decades, the country has attracted more than $400 billion in foreign direct investment. According to Zhumangarin, less than one-third of that has gone into the raw materials sector, with the remainder directed to manufacturing, construction, transport, finance, and insurance. Kazakhstan has recorded steady economic growth exceeding 5% for three consecutive years - 5.1% in 2023, 5% in 2024, and 6.3% in the first nine months of 2025. International credit rating agencies S&P, Fitch, and Moody’s have maintained Kazakhstan’s investment-grade ratings, with S&P upgrading its outlook to “Positive” and Moody’s assigning a “Baa1” rating. Zhumangarin outlined a new economic strategy aimed at maintaining annual growth between 5% and 6%. Central to the plan is strengthening development finance institutions and launching large-scale projects in value-added sectors such as raw material processing, agriculture, and mechanical engineering. “The total investment potential of these sectors is estimated at over $100 billion,” he said. Priority industries include railway and automotive manufacturing, fertilizer production, waste processing, and the development of rare earth elements. Energy and municipal infrastructure are also major areas of focus, with projects worth $100 billion planned over the next five years. “We invite leading international companies with deep industry expertise. Their participation will boost production efficiency, generate employment, and reinforce Kazakhstan’s image as a reliable investment destination,” Zhumangarin added. The U.S. Chamber of Commerce, the world’s largest business association, represents over 3 million companies and 830 industry associations. The USKZBC comprises dozens of corporations active in Kazakhstan, including names such as Chevron, ExxonMobil, Fluor, Apple, GE, Bechtel, Boeing, and Mastercard. In 2024, trade between the U.S. and Kazakhstan reached $4.2 billion. More than 720 enterprises with American participation are registered in...