The measures target Russian financial institutions, cryptocurrency exchanges, and their structures operating in countries such as India and China. The sanctions list includes 22 individuals and 45 organizations from Russia, Hong Kong, China, India, Thailand, and Kyrgyzstan.
Among those sanctioned are "Tolubai" and "Eurasian Savings Bank." Previously, "Keremet" and "Kapital" were also subjected to restrictions.
According to information provided by Kaktus.media from the National Bank of Kyrgyzstan, the current situation in the country's banking sector remains stable, with sufficient levels of capital and liquidity, as well as resilience to external risks.
"Commercial banks continue to operate as usual, providing uninterrupted service to their clients," noted the financial regulator.
The National Bank is also taking measures to minimize any potential negative impact of the sanctions on the financial system and to maintain the country's financial stability.
The regulator is prepared to use additional tools and measures provided for by Kyrgyz legislation to protect the interests of depositors and creditors if necessary.
On January 15, 2025, it became known that "Keremet Bank" was placed under sanctions by the USA and the UK, which were imposed on the Russian financial sector. The bank attempted to appeal this decision, and the head of the National Bank of the Kyrgyz Republic traveled to the USA for negotiations on this matter.
The National Bank of the Kyrgyz Republic also initiated the launch of a pilot project to regulate operations with the Russian ruble. As part of this project, "Kapital Bank of Central Asia" was designated as the settlement bank for a number of operations. Commercial banks were required to conduct such operations through it starting from May 1, 2025.
On August 20, 2025, the UK Foreign, Commonwealth & Development Office (FCDO) announced the introduction of new sanctions against financial structures and cryptocurrency networks that were allegedly used by Russia to circumvent Western sanctions through Kyrgyzstan. Sanctioned were "Capital Bank" and its director Kantemir Chalbaev, as well as cryptocurrency exchanges Grinex and Meer, which, according to the British side, were linked to the new ruble tokenization A7A5.
President Sadyr Japarov noted that the banks of Kyrgyzstan are not violating the sanctions, and the USA has not provided evidence to the contrary.
