“The Government quotes that today’s measures are against Cyrgyz Capital Bank that Russia uses to pay for military goods”, – WRITE: www.radiosvoboda.org
It is reported that London took these steps after the United States reported similar measures.
“Since sanctions continue to be effective, Russia has turned to the Kyrgyzstan financial sector to direct money through opaque financial networks, in particular through the use of cryptocurrencies. These networks have created a confusing scheme to bypass the sanctions introduced by the United Kingdom and its partners, ”the text reads.
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The Government has specified that today’s measures are against the Kyrgyz Capital Bank, which Russia uses to pay for military goods and its director Kanemir Chalbaev. The sanctions also touched the cryptocurrency exchanges of GRINEX and Meer and the infrastructure of the new cryptocurrency token A7A5, which was supported by a ruble, which moved $ 9.3 billion to a specialized cryptocurrency in just four months. According to London, it was specially designed as an attempt to bypass Western sanctions.
“If the Kremlin thinks that he can hide his desperate attempts to soften the blow of our sanctions by laundering transactions due to questionable cryptographs, he is deeply mistaken. These sanctions support Putin’s pressure at a critical time and suppress the illegal networks used to pump money to his military treasury, ”said the Minister of Sanctions Stephen Douti.
The Kingdom government expects new sanctions to close the network around illegal money schemes and demonstrate Britain’s willingness to put an end to the mechanisms of evasion of international sanctions that help finance the invasion of Ukraine, “wherever they are found.”
In March, Reuters reported that Russia uses cryptocurrency in oil trade with China and India to bypass Western sanctions.
