Bishkek, April 8, 2026 /Kabar/. Allegations regarding the involvement of a Kyrgyz bank in suspicious operations are unfounded.
Such a decision was recently issued by a court in Brussels.
Thus, “Bakai Bank” has won its case against the Polish-Belgian non-governmental organization “Open Dialogue Foundation” (ODF).
In 2023, ODF published articles on its website recommending the introduction of sanctions against “Bakai Bank” for alleged involvement in schemes to bypass embargo measures in favor of Russia.
“Bakai Bank” filed a lawsuit against ODF over false accusations, and the court ruled in its favor.
The French-speaking Enterprise Court of Brussels concluded that the “Open Dialogue Foundation” made serious and targeted accusations without providing sufficient specific evidence.
The court ordered the organization to remove the disputed publications, publish the full text of the judgment on the main page of its website, and reimburse legal costs.
At the same time, another Kyrgyz bank, “Keremet Bank,” has been placed under sanctions by the United States and the United Kingdom over suspicions of bypassing restrictions imposed on Russia.
In turn, “Capital Bank” has also been sanctioned by the United Kingdom.
It is important to note a key point here: sanctions are accusatory in nature, meaning that the banks are only suspected of bypassing sanctions.
Neither the United States nor the United Kingdom has so far provided specific evidence of violations in the public domain.
The President of the Kyrgyz Republic, Sadyr Zhaparov, has repeatedly rejected these allegations and emphasized that sanctions against domestic banks are based on unreliable information spread by certain non-governmental organizations and dishonest individuals.
In this regard, the Head of State has expressed Kyrgyzstan’s readiness to conduct an independent international audit of the country’s banking sector to ensure a full and objective review.
The court’s decision in the case of “Bakai Bank” serves as clear evidence of the Kyrgyz Republic’s commitment to international law and its readiness to defend the interests of domestic businesses in foreign jurisdictions.
Against the background of the absence of specific evidence supporting sanctions against certain banks, the position of the state remains consistent: Kyrgyzstan is always ready to confirm the full transparency and legality of the activities of its financial institutions.