The Ministry of Foreign Affairs of Kyrgyzstan has expressed regret over the inclusion of several Kyrgyz legal entities in the European Union’s latest sanctions package. The statement was released by the ministry’s press service on October 24.
According to the MFA, Kyrgyzstan strictly adheres to its international obligations and maintains an open and constructive dialogue with its EU partners to prevent any potential circumvention of sanctions.
The statement emphasizes that the European Union consistently declares its intention to build a strategic partnership with the countries of Central Asia and to contribute to Kyrgyzstan’s socio-economic development. In this context, the Kyrgyz Republic remains committed to an equal, respectful, and trust-based partnership with the EU and its member states. Such an approach, the MFA noted, would yield far more mutually beneficial outcomes than unilateral sanctions pressure.
As a concrete proposal, Kyrgyzstan officially invites the European Union to initiate an independent, internationally recognized audit to verify the factual basis and accuracy of the data underlying the imposed restrictions.
In addition, the MFA proposed the creation of a joint technical working group “Kyrgyzstan–European Union”, which would facilitate regular data exchange, transaction monitoring, and joint risk assessment.
The EU announced its 19th package of sanctions against Russia on October 23, the European Commission reported. The list includes two Kyrgyz companies:
-
Old Vector LLC, which the European Commission claims issued the stablecoin A7A5, backed by fiat ruble deposits in the accounts of PSB Bank, a Russian state-owned financial institution. The Commission stated that for each ruble spent on A7A5, an equivalent amount is deposited in PSB Bank, thereby strengthening the institution’s capital. The project was reportedly partially financed by VEB.RF, a major Russian development bank.
-
Grinex, identified by the European Commission as a Kyrgyz-registered cryptocurrency exchange and a major trading platform for the A7A5 stablecoin.
According to the European Commission, the new measures ban the use of A7A5 as of November 25, 2025, and prohibit EU operators from providing crypto and certain fintech services that could assist Russia in developing its own financial infrastructure.
CentralasianLIGHT.org
October 24, 2025