A meeting took place at the Central Bank of Uzbekistan between the bank's leadership and a delegation from the EU, the US, and the UK, led by EU Special Representative for Sanctions David O'Sullivan, the press service of the Central Bank of Uzbekistan reports.
"The meeting provided information on the measures taken by the Central Bank to prevent sanction risks in the country's banks. The continuous collaboration with commercial banks to improve and strengthen sanction compliance was emphasized," the statement said.
Additionally, the possibility of providing technical assistance to the personnel of the banking system to enhance their potential in the field of sanction compliance was discussed at the meeting.
At the end of the meeting, the parties agreed to continue a "constructive dialogue on the discussed issues."
The official EU delegation arrived in Tashkent after visiting the capital of Kazakhstan and holding negotiations with the country's authorities.
EU Special Representative for Sanctions David O'Sullivan, after negotiations in Astana, made a statement on the topic of Russia's sanctions circumvention.
O'Sullivan noted positive dynamics compared to his previous visit to Kazakhstan in April. According to him, there is a noticeable decrease in the level of re-export of certain goods to the Russian market.
However, there has been an increase in the re-export of other categories of products. Therefore, it is necessary to intensify cooperation between Kazakhstan and the European Union on this issue – significant work lies ahead, emphasized O'Sullivan in Astana.
CentralasianLIGHT.org
December 1, 2023