EU proposes to impose sanctions against Kyrgyzstan's banks and other restrictions

Сергей Гармаш Politics
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The European Union has initiated a proposal to expand the sanctions list, which may include two banks from Kyrgyzstan: "Keremet Bank" and OJSC "Capital Bank of Central Asia." This was reported by Reuters, citing a draft of the relevant document.

The proposed sanctions aim to impose restrictions related to the provision of cryptocurrency services in Russia. If this proposal is accepted, the mentioned banks will lose the ability to conduct financial transactions with individuals and legal entities from European Union countries. Additionally, banks from Laos and Tajikistan may also be included in the list, while two Chinese banks are expected to be excluded.

These measures are part of a new sanctions package, which is the 20th in total and was prepared by the European External Action Service (EEAS) in collaboration with the European Commission. Its implementation requires unanimous approval from all EU member states.

Furthermore, the EU plans to impose sanctions on the ports of third countries that are involved in the transshipment of Russian oil. Among the potential targets for sanctions are the port of Kulevi in Georgia and the port of Karimun in Indonesia. This will be the first instance of imposing restrictions on ports located outside the EU.

The document also includes sectoral restrictions, including a possible shift from the G7 price cap to a complete ban on maritime services for the transportation of Russian oil. It is also proposed to expand bans on the import of metals and raw materials.
In particular, the EU intends to limit the supply of equipment for metal processing and communication technologies, such as modems and routers, to Kyrgyzstan.
As part of the new sanctions package, it is also proposed to add 30 individuals and 64 companies from Russia to the list, including "Bashneft" and several oil refineries.

Previously, companies from various countries, including Kyrgyzstan, came under suspicion of circumventing sanctions. In October 2025, the European Union included two banks—"Tolubai" and "Eurasian Savings Bank"—in its sanctions lists. In February 2025, UK sanctions affected "Keremet Bank," which had already been included in the US list. Several companies from Kyrgyzstan are also under sanctions.
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