| Economy

Indian Tourists to Pay in Central Asia Using Familiar Methods

Economy

Fintech companies 8B and PayU have announced a strategic partnership aimed at developing payment infrastructure between India and Central Asia. The initiative will allow Indian tourists to pay abroad using familiar methods such as UPI, internet banking, and bank cards.

Saida Mirziyoyeva in Washington: Foundation for Large-Scale Business Projects Laid

Economy

The economic partnership between Uzbekistan and the United States has received a powerful institutional boost. The American-Uzbek Business and Investment Council officially launched its activities in Washington—a strategic platform designed to translate the political trust of both nations' presidents into tangible business assets.

Middle and Zangezur corridors: new opportunities for the Turkic world

Economy

Azerbaijan’s Prime Minister Ali Asadov emphasized the strategic importance of the Middle and Zangezur corridors at the second meeting of the heads of government of the Turkic Council member states, held at the Gulistan Palace.

Measures to maintain and support economic growth were discussed

Economy

President Shavkat Mirziyoyev was briefed on measures to ensure projected economic indicators for the first quarter of 2026 and mitigate the negative impact of global market instability on the national economy.

Metallurgy, Textile, Pharmaceuticals: Uzbekistan and Tajikistan Expand Cooperation

Economy

On March 24, the ministers of industry from Uzbekistan and Tajikistan met in Tashkent to discuss joint projects in metallurgy, textiles, pharmaceuticals, and other sectors, as well as preparations for new industrial facilities.

$1.37 Billion for Gas Transit: Gazprom Loses Appeal in Switzerland

Economy

Switzerland’s Federal Supreme Court has rejected Gazprom’s appeal and upheld an international arbitration ruling ordering the Russian energy giant to pay $1.37 billion to Ukraine’s Naftogaz in a dispute over gas transit.

Russia and Hungary Seek Alternative Routes for Oil Supplies

Economy

Russia and Hungary have agreed to explore alternative ways of delivering energy resources if pipeline routes become unavailable, with maritime transport among the options under consideration.

Oil Prices Rise as Middle East Tensions Escalate

Economy

Global oil prices rose in early trading on Monday as investors assessed the potential impact of escalating Middle East tensions on energy supplies.

President of Uzbekistan outlines priorities for cooperation with American financial institutions

Economy

Continuing the business program of his visit to Washington D.C., President of the Republic of Uzbekistan Shavkat Mirziyoyev received President and Chairman of the Eximbank John Jovanovic and Chief Executive Officer of the U.S. International Development Finance Corporation (DFC) Ben Black.

Bloomberg: Russia May Return to Dollar-Based Transactions

Economy

According to Bloomberg, the Kremlin has prepared a memorandum considering Russia’s potential return to the international dollar system after a peace agreement with Ukraine. The document outlines seven areas of possible economic cooperation with the U.S., including aviation, energy, and raw materials.

Tashkent and Washington launch business council

Economy

The first meeting of the Uzbekistan–U.S. Business and Investment Council was held in Tashkent, marking a new platform for expanding trade and economic cooperation between the two countries.

Tashkent and Washington bet on rare minerals

Economy

Uzbekistan and the United States have agreed on a strategic partnership in critical minerals and rare earth elements. The memorandum of understanding was signed by Uzbek Foreign Minister Bakhtiyor Saidov and U.S. Deputy Secretary of State Christopher Landau.

Trump Nominates Kevin Warsh as Fed Chair

Economy

U.S. President Donald Trump has nominated Kevin Warsh for the position of Chair of the Federal Reserve. If confirmed by the Senate, he would succeed Jerome Powell, whose term expires in May 2026. Trump has repeatedly criticized Powell over his refusal to lower interest rates.

$225 Billion Claim Filed Over 1916 Russian Bonds

Economy

U.S.-based investment fund Noble Capital RSD has filed a lawsuit in a federal court seeking to recognize Russia’s obligations on bonds issued by the Russian Empire in 1916, according to RBC.

Bitcoin Surges to $94,000 Amid Maduro Arrest

Economy

On Monday, Bitcoin rose 3.9% to reach $94,000 — its highest level since November 17. The market reacts to the arrest of Venezuelan President Nicolás Maduro and rumors of a possible seizure of up to 600,000 BTC from the country’s “shadow” reserve.

$75,000 a Second: How U.S. Debt Is Growing

Economy

U.S. government debt is growing at an alarming pace — more than $75,000 every second, according to Senator Rand Paul’s annual report on federal spending.

Southward Course: Russia Unveils Cooperation Potential with Africa

Economy

At the ministerial meeting of the Russia-Africa Forum, Sergey Lavrov declared Moscow's readiness to elevate cooperation with the continent to a new level. The Russian Foreign Minister proposed concrete steps—from opening embassies to settlements in national currencies—and sharply condemned attempts by third countries to draw Africa into geopolitical games.

Fitch Flags Risks to Euroclear Over EU Plans for Russian Assets

Economy

Fitch has placed Euroclear on Rating Watch Negative, citing increased risks linked to the European Union’s plans to use frozen Russian central bank assets to support Ukraine.

Euroclear: EU’s Reparations Proposal Is a Step Into Legal Unknown

Economy

Euroclear has stated that it cannot transfer frozen Russian assets to the European Union for free, warning that the EU’s proposed reparation-loan scheme lies outside existing legal frameworks and could jeopardize financial stability.

Japan–Central Asia summit to be held in December

Economy

Japan plans to hold the first-ever “Japan – Central Asia” summit in mid-December, reviving an initiative postponed due to earthquake risks. Tokyo aims to expand cooperation with the region, from trade links to decarbonisation efforts.