Another major bank in Kyrgyzstan has temporarily suspended money transfers through Russian banks. “Keremet Bank,” with a controlling stake owned by the Ministry of Finance of Kyrgyzstan, has halted money transfers via mobile apps of “Sberbank,” “MTS Bank,” “Tinkoff Bank,” and the Russian national payment system operator JSC “NSPK” indefinitely.
Despite this, the bank’s clients still have access to international money transfer systems such as “Zolotaya Korona,” Western Union, “Unistream,” and others. Previously, another Kyrgyz bank, MBANK, implemented similar restrictions, noting that incoming transfers would be processed through banks not under sanctions, using ruble account details.
The strengthening of sanctions against Russia has a significant impact on financial operations both within Russia and in countries cooperating with it. Restrictions on the use of Russian banking systems, such as “Mir” and others, demonstrate the effectiveness of sanctions pressure and highlight the importance of international solidarity in supporting sanctions measures aimed at curbing Russia’s aggressive policies.
