The UK government has further strengthened its pressure measures against Russia’s military actions in Ukraine. London officials introduced serious restrictions on Kyrgyz cryptocurrency networks, which, it is claimed, were helping Moscow bypass Western sanctions. This was reported by dw.com.
According to the decision announced on August 20, the UK government blacklisted three individuals and five companies. Among them are major Kyrgyz crypto platforms — Tengricoin, which manages Grinex and Meer Crypto Exchange, Old Vector, which launched the ruble-pegged cryptocurrency A7A5, as well as Luxembourg-based Altair Holding.
Reports indicate that in the last four months, transactions worth over $9.3 billion were carried out through A7A5 for Russia. Britain considers such large operations as part of Moscow’s scheme to evade sanctions.
Additionally, the sanctions list includes Kyrgyzstan’s “Central Asia Capital Bank” and its head Kantemir Chalboev, as well as trade company director Zhanyshbek Uulu Nazarbek.
UK Deputy Foreign Minister Stephen Doughty commented on the decision:
“If the Kremlin tries to reduce the effect of Western sanctions through dubious cryptocurrency networks, such attempts will be absolutely useless.”
Experts believe that London’s measures represent new financial pressure on Moscow and may block secret operations through cryptocurrency. It is also noted that these sanctions make the issue of transparency in the crypto market even more pressing.
Importantly, this decision was made following key meetings in Washington with US President Donald Trump, Ukrainian President Volodymyr Zelensky, and European leaders, including UK Prime Minister Keir Starmer. This once again confirmed that Western countries are acting as a united front against Russia.
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