Kyrgyzstan Challenges EU Sanctions amid Growing Trade Boom
Kyrgyzstan criticized the EU's inclusion of Kyrgyz entities in the 19th sanctions package against Russia, labeling it as 'one-sided.' The country emphasized its adherence to international obligations and urged the EU to conduct an independent audit. Kyrgyz banks have been targeted previously for Russian sanctions evasion, impacting its financial sector.
Kyrgyzstan expressed its disappointment over several of its entities being included in the European Union's recent sanctions package against Russia. Calling it 'one-sided sanctions pressure,' the Kyrgyz foreign ministry emphasized the country's commitment to international obligations and open discussions with EU partners to mitigate sanctions-evasion risks.
The latest sanctions target two Kyrgyz banks, Tolubay Bank and Eurasian Savings Bank, as well as two Tajik banks. Previously, three other Kyrgyz banks faced sanctions for aiding Russian sanctions evasion. Additionally, the stablecoin A7A5, criticized for its significant financial transfers, has been under scrutiny.
The Kyrgyz President, Sadyr Japarov, condemned the sanctions as interference during a UN speech, maintaining a pro-Russian stance. Despite financial oversight tightening, Kyrgyzstan's economy grew by 10% in the first nine months of 2025, driven by increased trade with Russia and migrant remittances.
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