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Independent Central Asia Monitor
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EcoIslamicBank goes on the EU list from 13 AugustTashkent sends a 300-strong business delegation to KabulKazakhstan moves from a fine to a seizure at KashaganThe war reaches the Caspian
The corridor and the war now share one sea
EconomyAnalysis28 Jul

The corridor and the war now share one sea

Peskov called the strikes in the Caspian extremely dangerous on Monday. In the same days, the first cargo to move under electronic TIR across three countries crossed that water from Baku to Turkmenbashi.

Pashinyan asks Putin to lift the export bans
EconomyBrief28 Jul

Pashinyan asks Putin to lift the export bans

Armenia’s prime minister raised the Russian restrictions with Putin by telephone on Monday, the day the dairy ban took effect, and told him they contradict both the bilateral treaty framework and the rules of the Eurasian Economic Union.

Russia puts a price on the migrant family
EconomyAnalysis28 Jul

Russia puts a price on the migrant family

The law Putin signed on 26 July ties the right to work to an income test measured per dependant, and charges a fixed monthly tax for each of them. Most of it starts on 1 January 2027.

Armenia’s dairy ban takes effect
EconomyBrief27 Jul

Armenia’s dairy ban takes effect

Russia’s restriction on Armenian dairy came into force on Monday. Yerevan’s food safety inspectorate says the joint inspection behind it found nothing of the kind.

Kabul and Tashkent sign 22 documents worth $200 million
EconomyBrief27 Jul

Kabul and Tashkent sign 22 documents worth $200 million

This morning the desk asked which goods would appear when the paperwork did. Cotton appeared first, at 10,000 tonnes on trial with an offer for 100,000 more.

Tashkent sends a 300-strong business delegation to Kabul
EconomyBrief27 Jul

Tashkent sends a 300-strong business delegation to Kabul

Uzbekistan’s deputy prime minister spent the weekend in Kabul with a delegation and a tariff offer. The stated target is $5 billion of trade.

EcoIslamicBank goes on the EU list from 13 August
EconomyBrief27 Jul

EcoIslamicBank goes on the EU list from 13 August

The 21st package names a Kyrgyz bank, three Bishkek companies and two Kazakh ones. Within a day, transfers from Russia to four countries stopped going through.

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EconomyBrief27 Jul

Kazakhstan moves from a fine to a seizure at Kashagan

Property and vehicles belonging to the Kashagan operator went under restriction on 21 July. The justice ministry has told the operator’s managing director he could face criminal liability.

Mongolia enters the EAEU tariff system
EconomyBrief23 Jul

Mongolia enters the EAEU tariff system

The interim trade agreement between the Eurasian Economic Union and Mongolia entered into force on 22 July. Duties are cut or removed on 367 tariff subheadings for each side, covering about 90% of the trade between them, for three years with automatic renewal. By the commission’s account, Mongolia has no comparable agreement with anyone else in the region.

Uzbekistan signs its own commercial court into law
EconomyBrief23 Jul

Uzbekistan signs its own commercial court into law

President Mirziyoyev has signed the constitutional law on the Tashkent International Financial Centre, which takes effect on 25 July. It creates a special jurisdiction with its own regulation and its own court: the Tashkent International Commercial Court, with a first instance and an appeal chamber, for commercial, corporate and financial disputes inside the centre.

Astana starts collecting $4.9 billion against an arbitral order
EconomyAnalysis23 Jul

Astana starts collecting $4.9 billion against an arbitral order

The voluntary deadline passed on 20 July, and Kazakhstan opened enforcement proceedings for a 2.3 trillion tenge environmental fine against NCOC, the Kashagan operator, the justice ministry said on the 21st; the tenge figure is the legal one, and dollar renderings of it run from $4.4 to $4.9 billion. A UNCITRAL tribunal had barred exactly that, as the consortium announced on 16 July. Reuters reports the state warned the consortium’s chief executive of administrative and criminal liability.

Moscow starts Uzbekistan up the produce ladder
EconomyBrief22 Jul

Moscow starts Uzbekistan up the produce ladder

Rosselkhoznadzor will restrict imports from five Uzbek exporters from 23 July, citing phytosanitary violations: cabbage, onions, herbs, beetroot, tomatoes and grapes. In May the same regulator suspended ten Uzbek exporters. Armenia climbed this ladder rung by rung this spring, to a full ban in June.

The first e-TIR truck heads for Turkmenistan
EconomyBrief21 Jul

The first e-TIR truck heads for Turkmenistan

The first pilot shipment under the electronic TIR customs system between Azerbaijan and Turkmenistan began this week, the head of Azerbaijan’s road carriers association said: the cargo has already crossed from Kazakhstan to Azerbaijan over the Caspian and moves on to Turkmenistan next.

The heat breaks, and the bill arrives in mud
EconomyAnalysis21 Jul

The heat breaks, and the bill arrives in mud

Bishkek logged 43.5 degrees on Sunday, its third daily record in a row, after the hottest 17 and 18 July in observation history; Uzbekistan’s grid ran five record days. From Tuesday both hydromets forecast the break, and both have posted mudflow warnings for the mountain belts, Kyrgyzstan’s through 25 July, Uzbekistan’s through the 24th. Summer in the region now alternates between two infrastructure tests, and there is no season between them.

Kazakhstan’s fuel wall takes comments for one more day
EconomyAnalysis20 Jul

Kazakhstan’s fuel wall takes comments for one more day

Public comment on the energy ministry’s draft order closes on Tuesday. The draft extends the ban on gasoline and diesel exports by road and rail from 22 November 2026 to 22 May 2027, keeps EAEU members inside it, and adds a separate half-year ban from January on jet kerosene, light distillates, gasoils, toluene, xylene and bitumen leaving the union’s customs territory.

The marked tenge is money now
EconomyBrief20 Jul

The marked tenge is money now

Rusal exploring $20 million cable and wire plant in Mongolia
EconomyBrief20 Jul

Rusal exploring $20 million cable and wire plant in Mongolia

A proposed plant near Ulaanbaatar would produce 4,500 tonnes of cables and conductors a year using Russian aluminium wire rod for Mongolia’s domestic market, Central Asia Wire has learned.

Turkmenistan negotiates its own terminal on the Black Sea
EconomyAnalysis17 Jul

Turkmenistan negotiates its own terminal on the Black Sea

At a business forum in Georgia on 16 July, Serdar Berdimuhamedov said Ashgabat is in talks to establish a Turkmen cargo terminal on Georgia’s Black Sea coast. Add the Damen dredging talks at Turkmenbashi and the Baku transit spine, and the corridor’s quietest player is assembling positions at every gate between the Caspian and Europe.

Kazakhstan switches on money that reports itself
EconomyAnalysis16 Jul

Kazakhstan switches on money that reports itself

On 18 July the digital tenge becomes legal tender in full circulation, and its defining feature is the mark: the law lets each digital tenge be tagged with a unique identifier, and every movement runs on the National Bank’s platform, so the state can trace the money it issues. Uzbekistan is fighting over whether banks must report large transfers. Kazakhstan has built a currency that makes the question obsolete.