Ministry of Economic Development: Ruble Transfers Continue, There Are No Restrictions on Working with Sanctioned Banks

Сергей Гармаш Exclusive
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- On January 16, 2026, Deputy of the Jogorku Kenesh Nilufer Alimjanova inquired about the situation with money transfers through Russian banks that are under sanctions, and whether there are any difficulties with conducting transactions.

Economy Minister Bakyt Sydykov explained that sanctions are imposed by individual countries, such as the USA and the UK. However, according to him, there are currently no restrictions on interacting with banks that are under sanctions.

“At present, ruble transfers are being successfully carried out,” the minister noted.

He also added that one of the banks in Kyrgyzstan expressed its readiness to simplify the process of cross-border transfers.
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