Kyrgyzstan MBank has indefinitely suspended money transfers through Russian banks, including Sberbank, Tinkoff and MTS Bank. reported on the credit institution’s website.
This measure followed For warnings from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) about secondary sanctions risks to foreign banks due to their cooperation with sanctioned Russian entities.
Kyrgyzstan in April forced It decided to stop operating the Russian payment system Mir on its territory due to concerns from a Latvian software supplier. In the following months, Kyrgyz banks drastically restricted payments via Russian money transfer systems and announced the suspension of payments in rubles.
Previously in Russia suspended Rights of foreign shareholders of Highland Gold.