The U.K. has imposed sanctions against Keremet Bank from Kyrgyzstan. The British government announced this decision on its website on Feb. 24. The Kyrgyz financial institution is already on the U.S. sanctions list, as all the bank’s efforts to challenge international restrictions have failed.
According to the British Foreign, Commonwealth and Development Office, Keremet Bank has benefited from supporting the Russian government, citing this as the key reason for the sanctions. Even though British authorities haven’t disclosed any details of this cooperation, they stated that the financial institution has been operating within Moscow’s critical financial sector and providing services to...