Privacy Policy, Cookie Policy & Disclaimer

Last updated: April 2026

This document sets out how okhodjaev.com (the “Site”) handles information about its visitors, what cookies are used, and the limits of the author’s liability in respect of published materials.

By using the Site, you confirm that you have read this policy and accept its terms.

PART I — PRIVACY POLICY

1. Data Controller

The data controller is Oybek Khodjaev, an individual based in Tashkent, Uzbekistan. Contact: ok@okhodjaev.com.

2. What Data Is Collected and How

The Site does not collect personal data directly. However, the following data is collected automatically through third parties.

2.1. Google Analytics 4

When you visit the Site, Google Analytics 4 (Google LLC, USA) automatically collects the following information:

  • IP address (in anonymised form)
  • Browser type and version
  • Operating system
  • Country and approximate location (city level)
  • Pages visited on the Site and time spent on them
  • Referral source (how you arrived at the Site)
  • Technical device parameters

This data is used solely to analyse Site traffic in aggregate form. The author does not identify and does not seek to identify individual visitors.

Google LLC processes this data on servers that may be located outside the visitor’s country of residence, including in the United States. Google acts as an independent data controller in accordance with its own privacy policy: policies.google.com/privacy.

2.2. Contact Page and Email

The Contact page uses a direct email address (mailto:). No data is transmitted to third-party services. If you send the author an email, your contact details and the content of your message are received only by the author and used solely for the purpose of responding to your enquiry.

2.3. Substack

Links to Substack (okhodjaev.substack.com) lead to an external platform operated by Substack Inc. If you subscribe to the newsletter via Substack, your data is processed by Substack in accordance with their privacy policy. The author has no access to subscriber data beyond aggregate statistics provided by the platform.

Data collected via Google Analytics is used for a single purpose: understanding which materials are of interest to readers, in order to improve the content of the Site. The legal basis is the legitimate interest of the operator pursuant to Article 6(1)(f) of the GDPR.

Data received via email is used solely to respond to enquiries. The legal basis is the performance of a request made by the data subject.

4. Data Retention

Google Analytics data is retained in accordance with Google Analytics retention settings (14 months by default). The author does not store analytical data independently.

Email correspondence is retained in the author’s mail client for as long as necessary for the purpose of the correspondence.

5. Third-Party Disclosure

The author does not sell, transfer, or disclose visitor data to third parties, except where required by law.

6. Rights of Data Subjects (EU and UK Residents)

Under the GDPR (EU) and UK GDPR (United Kingdom), you have the following rights:

  • Right of access — to request information about what data is being processed about you
  • Right to rectification — to request correction of inaccurate data
  • Right to erasure — to request deletion of your data (“right to be forgotten”)
  • Right to restriction of processing — to request suspension of processing
  • Right to object — to object to processing carried out on the basis of legitimate interest
  • Right to data portability — to receive your data in a structured, machine-readable format

To exercise any of these rights, contact: ok@okhodjaev.com. Requests will be addressed within 30 days.

You also have the right to lodge a complaint with the data protection supervisory authority in your country. In the United Kingdom: the Information Commissioner’s Office (ico.org.uk). In the EU: the supervisory authority in your country of residence.

7. Children

The Site is not intended for persons under the age of 16. The author does not knowingly collect data from children.

PART II — COOKIE POLICY

8. What Cookies Are

Cookies are small text files that a website saves in a visitor’s browser. They allow sites to remember information between visits.

9. Cookies Used by This Site

okhodjaev.com uses the following categories of cookies.

9.1. Strictly Necessary

Cookies that enable basic Site functionality. The reading mode preference (light, dark, or sepia theme) is saved in the browser’s localStorage. This data is not transmitted anywhere and is stored only in your browser. These cannot be disabled without loss of functionality.

9.2. Analytics Cookies (Google Analytics)

Google Analytics sets the following cookies:

Cookie Purpose Duration
_ga Distinguishes unique users 2 years
_ga_* Stores session state 2 years
_gid Distinguishes users 24 hours
_gat Limits request frequency 1 minute

These cookies are set on the basis of legitimate interest or, where required by applicable law, with your consent.

10. How to Opt Out of Cookies

You may manage cookies in the following ways:

Opting out of analytics cookies does not affect access to the content of the Site.

PART III — DISCLAIMER

11. Nature of Published Materials

All materials published on okhodjaev.com constitute independent analytical commentary and the personal views of the author, based on his professional experience. Materials are published for informational and educational purposes.

12. Not Professional Advice

No material published on the Site is, or should be construed as:

  • an investment recommendation or financial advice
  • legal advice or a legal opinion
  • a political recommendation or the official position of any organisation
  • a forecast or guarantee of any future events or outcomes

Readers who make decisions based on analytical materials published on the Site do so at their own risk.

13. Accuracy of Information

The author makes reasonable efforts to ensure the accuracy of published materials and the reliability of sources cited. However, the author accepts no responsibility for possible inaccuracies, outdated information, or changes in the events described after the date of publication. Opinions expressed in the essays reflect the author’s position at the time of writing and may change over time.

The Site contains links to external resources (Substack, X.com, LinkedIn, SSRN, primary sources). The author does not control and accepts no responsibility for the content, privacy practices, or availability of external sites. A link to an external resource does not constitute its endorsement by the author.

15. Affiliation

The author writes solely in a personal capacity as an independent analyst. Materials published on the Site do not represent the official position of INVEXI LLC, any government body, think tank, or other organisation mentioned on the Site, unless explicitly stated otherwise.

16. Limitation of Liability

To the maximum extent permitted by applicable law, the author accepts no liability for direct or indirect loss, lost profit, reputational damage, or any other harm arising from the use of, or inability to use, materials published on the Site.

17. Changes to This Document

The author reserves the right to amend this document at any time. The date of the most recent update is shown at the top of this page. Continued use of the Site following the publication of changes constitutes acceptance of the updated terms.

18. Contact

For all questions relating to privacy, data processing, and the content of this document:

Email: ok@okhodjaev.com Website: okhodjaev.com