Metallurgy, Textile, Pharmaceuticals: Uzbekistan and Tajikistan Expand Cooperation
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
Central Asian countries to launch unified digital transport platform
Transport ministers of Central Asian nations have agreed to create a unified digital platform aimed at integrating regional logistics systems and boosting cargo movement from China to Europe. The announcement came from Uzbekistan’s Transport Minister Ilhom Makhkamov following a ministerial meeting in Tashkent.
Trump announces trade deal with EU
The United States and the European Union struck a major trade deal on July 27, avoiding a trade war by agreeing to a 15% import tariff — half the originally threatened 30%. In return, the EU pledged $600 billion in investments into the US and increased purchases of American energy and defense goods.
The EU is preparing retaliatory tariffs for €72 billion
The European Union has published a list of 72 billion euros worth of American goods that could fall under retaliatory tariffs if the US does not abandon the introduction of 30% tariffs on European imports from August 1st.
The Tehran Declaration of the ECO was adopted
In Tehran, the transport ministers of the Economic Cooperation Organization (ECO) member states adopted a final document - the Tehran Declaration, which outlines joint measures for infrastructure development and strengthening ties in the region.