President Zhaparov comments on U.S. and UK sanctions against Kyrgyz banks

BISHKEK, Kyrgyzstan, August 21. Kyrgyz
President Sadyr Zhaparov commented on the latest US and UK
sanctions concentrating on banks within the nation, together with Kapital Financial institution
Central Asia, Development
experiences.

In an interview with native media Zhaparov harassed that the
restrictions will not be supported by any proof. “In January, the
United States imposed sanctions in opposition to Keremet Financial institution. Nevertheless, they
couldn’t current a single truth of circumventing the sanctions. And
there are nonetheless no such information,” he mentioned.

The president defined that ruble transactions had been
assigned to Keremet Financial institution to mitigate dangers for all the banking
system, whereas Kapital Financial institution transfers its web revenue to the state in
full.

Zhaparov additionally recalled that following the sanctions, a
delegation led by First Deputy Prime Minister Daniyar Amangeldiev
met with the US Workplace of Overseas Belongings Management (OFAC). Kyrgyzstan
had invited impartial audit corporations to confirm the transparency
of its banks, however the American aspect rejected a joint evaluation of the
findings.

“They had been unable to supply a single truth. They merely mentioned
that they’d such info,” Zhaparov emphasised.