Diplomats Briefed on the Results of Kyrgyzstan’s Sanctions Risk Mitigation Efforts,Today, 21 October 2026, Bakyt Sydykov, Special Representative of the President of the Kyrgyz Republic for Special Assignments (on sanctions policy and,Diplomats Briefed on the Results of Kyrgyzstan’s Sanctions Risk Mitigation Efforts,

Today, 21 October 2026, Bakyt Sydykov, Special Representative of the President of the Kyrgyz Republic for Special Assignments (on sanctions policy and sanctions risk mitigation), met with the heads of diplomatic missions of foreign states.

During the briefing, international partners were informed about the systematic work undertaken by the Kyrgyz Republic to prevent and mitigate sanctions risks, enhance financial transparency, improve state regulation and strengthen oversight in the banking sector and the virtual assets sector.

Bakyt Sydykov emphasised that preventing the use of the national financial infrastructure to circumvent international sanctions restrictions remains under the close supervision of the highest leadership of the Kyrgyz Republic.

Particular attention was paid to the practical results of interagency efforts. Specifically, 52 legal entities have ceased operations, compulsory liquidation proceedings have been initiated in respect of 57 legal entities, and inspections are being conducted in respect of a further 25.

State-owned banks have decided to cease servicing more than 240 accounts. In addition, the international consulting firm Kroll is being engaged to conduct an independent assessment of sanctions compliance systems.

Measures to improve export controls, strengthen regulation of the virtual assets sector and prevent potential sanctions risks were presented separately.

The briefing also addressed further cooperation with international partners, including information exchange, expert consultations and the development of joint approaches to preventing sanctions risks.

“We plan to meet with you regularly. We will keep you informed about the work being carried out,” said Bakyt Sydykov.