Kyrgyzstan closes 16 companies to mitigate sanctions circumvention risks

Kyrgyzstan's Ministry of Economy and Commerce has terminated the operations of 16 companies to reduce the risk of circumventing international sanctions. An analysis of approximately 40 companies led to this decision, with case materials forwarded to judicial bodies. Two state banks have also closed accounts for numerous enterprises. Kyrgyzstan is developing a mechanism to identify high-risk entities.

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