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Ubaydullo Saidi: The Issues of Banking, Migration, and Energy Must Be Urgently Addressed

On January 28, 2025, Ubaydullo Saidi, the head of Tajik Youth for the Revival of Tajikistan, appeared on episode #8 of the program Power and Truth, where he addressed critical issues concerning the economic, social, and energy sectors of the country. In his speech, he strongly criticized the actions of the government and current policies, emphasizing that without decisive measures, the existing situation could escalate into a deeper crisis.

Regarding the bankruptcy of financial institutions, particularly Tojprombank, which ceased operations in 2017 and has yet to return depositors’ funds, Saidi described this situation as a blatant disregard for citizens’ rights and a sign of negligence within the country’s banking system. He underscored that the ongoing banking crisis has eroded public trust in the financial sector. Saidi asserted that restoring this trust must begin with the repayment of depositors’ funds. He further called for comprehensive reforms within the leadership of the National Bank of Tajikistan, warning that failure to ensure financial stability could lead to deeper economic crises, adversely affecting both investment opportunities and the nation’s financial future.

Discussing the issue of labor migration, Saidi expressed concern over new Russian legislation set to take effect on February 5, 2025. He urged Tajik labor migrants to strictly adhere to the laws of host countries to avoid legal and administrative complications. However, he placed the primary responsibility on the Tajik government, arguing that it must take concrete steps to improve conditions for migrants through effective diplomatic negotiations with Russia. Saidi proposed that Tajikistan should exert diplomatic pressure on Russia if necessary, particularly if Russia fails to introduce regulatory relief for Tajik migrant workers. Furthermore, he suggested that in response to Russia’s indifference to the plight of Tajik migrants, the Tajik government should impose additional taxes on Russian military personnel stationed in Tajikistan. He described this as a potential leverage tool to ensure Tajikistan’s national interests are adequately defended.

Regarding energy and electricity shortages, Saidi voiced concern over the severe hardships citizens face during the winter months. He criticized the government’s continued export of electricity to foreign markets while domestic consumers endure restrictions. Citing official data, he noted that in December alone, electricity exports increased by 53% compared to the previous month—an approach that, in his view, directly contradicts the needs and interests of the Tajik people. He condemned such policies as a disregard for national welfare and called for a fundamental shift in energy policy to prioritize domestic energy security over foreign profits. Saidi argued that power shortages not only disrupt daily life but also hinder local production and economic growth, urging the government to reconsider its energy strategy.

According to Saidi, the country’s leadership must prioritize national interests over external considerations and take decisive steps to resolve the urgent challenges facing its citizens. His speech conveyed a clear message: the time has come for state policies to focus on serving the people rather than benefiting a select few.

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