UK Sanctions Kyrgyz Crypto Networks and Banks for Alleged Role in Russian Sanctions Evasion

The United Kingdom has rolled out fresh sanctions targeting Kyrgyz financial institutions and cryptocurrency networks accused of facilitating Russian sanctions evasion. These measures align with ongoing U.S. efforts to disrupt money flows supporting Russia's war in Ukraine and Kremlin-linked operations abroad.

Among the sanctioned entities is Old Vector, issuer of the Kyrgyz-based A7A5 token allegedly designed to bypass Western restrictions. Chainalysis data shows the network processed over $51 billion since launch. Capital Bank and its director Kantemir Chalbayev were also targeted for allegedly financing Russian military procurement.

"The Kremlin is using dodgy crypto networks as funding conduits," stated UK sanctions minister Stephen Doughty. The asset freezes aim to disrupt illicit financial pipelines during a critical phase of geopolitical tensions.