Kyrgyzstan's state banks cut ties with 284 firms over sanctions risks

Two Kyrgyz state banks have ended business relations with 284 companies whose activities carry elevated sanctions risks. A further 41 companies are under review and monitoring. The government reported this after a meeting of an interdepartmental working group on 5 November. The meeting was chaired by Bakyt Sydykov, the presidential special representative for sanctions policy and minister of economy and commerce.

Participants discussed the results of checks on legal entities with elevated sanctions risks and the formation and application of a related list. As of 5 November 2026, Abank had ended relations with 115 companies, with about 37 organisations under monitoring. Eldik Bank had stopped servicing 169 companies, and four more were being checked. The government stated that elevated sanctions risk does not, by itself, mean that an organisation has broken the law or appears on international sanctions lists.

The meeting also addressed cooperation with international partners, including the European Union, the United States and the United Kingdom. Sydykov stressed the need for government bodies, financial regulators and banks to continue working together to identify and reduce sanctions risks in a timely way.