Current State, Problems and Risks of the Energy Sector Development in the Central Asian Republics. Part 2: Uzbekistan, Turkmenistan

In the series of articles, the author analyzes recent domestic and foreign policy trends that significantly affect the current state and prospects for further development of the fuel and energy sectors of Kazakhstan, Uzbekistan and Turkmenistan – the Central Asian states with significant reserves of hydrocarbons. This article is devoted to the current situation in the fuel and energy sector of the Republics of Uzbekistan and Turkmenistan.

The current process of aggravation of geopolitical and geo-economic competition on the world stage significantly increases the level of risks, updates the previous and generates new problems of the Central Asian republic economic development. The author assesses the impact of these processes on the prospects of foreign policy and foreign economic development strategies and regional stability. The author also considers and evaluates the main problems existing in the fuel and energy complex of the republic, and indicates promising areas for their possible resolution.

In the context of global geopolitical turbulence, the region, which faces numerous challenges and threats to economic and socio-political stability, finds itself in a situation of excessive dependence on global players in the geo-economic field. Consequently, such a region will have to adjust the previously established models of economic development and foreign policy.

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