For the post-Soviet states of Central Asia, Russia has acted as a guarantor of security for decades, but the war in Ukraine has made it a dangerous neighbour, deals with which have fewer benefits and more risks. This shift, as in other areas, benefits China, which is eager to exploit the power vacuum created in the region by Putin's obsession with Ukraine.

In May, the business climate indicator, which is calculated by the Central Bank on the basis of a large-scale business survey, rebounded from its abnormal peak in April, when it reached its highest value since the early 2010s. Nevertheless, the composite indicator and its components remain high. Moreover, May's decline was the first in six months.

In May, the business climate indicator, which the Central Bank calculates based on a large-scale survey of enterprises, rebounded from the abnormal peak in April, when its value was the highest since the early 2010s. Nevertheless, the performance of the composite indicator and its components remains high. In addition, the May decline was the first in the last six months.

For the post -Soviet countries of Central Asia, Russia acted as a guarantor of security for many years, but the war in Ukraine turned it into a dangerous neighbor, the interaction with which has less and less risks. As in other areas, China turned out to be the main beneficiary of this shift, which willingly uses the vacuum of influence formed in the region as a result of Putin's obsession with Ukraine.