UK Imposes Sanctions On Kyrgyzstan’s Kapital Bank And Crypto Exchanges

(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, August 21. The United
Kingdom has expanded its sanctions list to include three
individuals and five companies linked to Kyrgyzstan, Trend reports, citing the
British government.

The restrictions target Kapital Bank (OJSC Kapital Bank Central
Asia) and its director Kantemir Chalbaev, through which Russia is
reportedly paying for military goods. The sanctions also cover
cryptocurrency exchanges Grinex and Meer, as well as infrastructure
supporting the new ruble crypto token A7A5, which reportedly
facilitated $9.3 billion in transactions over four months. The A7A5
token was allegedly created to circumvent Western sanctions.

The full list of sanctioned entities includes Grinex LLC, CJSC
Tengricoin, Old Vector LLC, Kapital Bank, Altair Holding SA, and
individuals Leonid Shumakov, Kantemir Chalbayev, and Nazarbek
Zhanyshbek uulu. The UK emphasized that the measures aim to block
illegal financing schemes and prevent mechanisms that fund
aggression against Ukraine.

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