By the end of 2024, Tajikistan and Russia conducted 97% of their mutual settlements in national currencies, according to Mfd.ru. This shift was made possible through the creation of infrastructure enabling direct interaction between the banking systems of the two countries.
Around half of Tajik financial institutions that maintain correspondent relations with Russian banks are now connected to the Bank of Russia's Financial Messaging System (SPFS).
Additionally, some ATMs in Tajikistan have started accepting Russian bank cards, providing greater convenience for Russian citizens living or working in the country.
Russia ranks second in terms of total investment in the Tajik economy, following China. However, Russia leads in the number of foreign companies operating in Tajikistan, with more than 330 registered enterprises, surpassing all other partner countries.
For comparison, China has around 300 companies, while Turkey has fewer than 100.
These Russian enterprises operate across a wide range of sectors, including industry, agriculture, energy, and services, underscoring the depth of the economic ties between the two nations and the strategic nature of their partnership, which is aimed at long-term development and financial sovereignty.
The strengthening of financial integration and investment cooperation between Moscow and Dushanbe contributes not only to economic growth, but also to the deepening of political ties.
Joint projects and initiatives across various sectors are laying a solid foundation for the continued advancement of bilateral relations.
CentralasianLIGHT.org
June 6, 2025