Kyrgyzstan to liquidate 35 legal entities due to sanctions risks

Economy 7 October 2026 10:03
Kyrgyzstan to liquidate 35 legal entities due to sanctions risks
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Bishkek, Oct. 7, 2026 /Kabar/. On October 5, a regular working meeting of the interagency working group tasked with identifying unscrupulous participants in foreign economic activity and transactions involving elevated sanctions risks was held under the chairmanship of Bakyt Sydykov, special representative of Kyrgyz president for special assignments. Ministry of Economy and Commerce reports.

According to the agency, representatives from government bodies, the National Bank, and commercial banks participated in the meeting.

As part of efforts to minimize sanctions risks and prevent Kyrgyzstan's banking system from being involved in transactions showing signs of circumventing applicable sanctions restrictions, approximately 35 legal entities were identified whose activities are associated with elevated sanctions and compliance risks.

Given the continued tightening of international sanctions regimes and the heightened attention international partners are paying to the activities of entities potentially linked to the circumvention of established restrictions, the interagency working group decided that these legal entities must be liquidated in accordance with the law.

In this regard, the Ministry of Economy and Commerce has sent a substantiated request to the Ministry of Justice to initiate the procedure for the compulsory liquidation of these legal entities, in accordance with the law, in order to minimize sanctions risks.