Banks in Kyrgyzstan have started restricting transfers to and from Russia. The organizations explained the suspension of transfers due to the volatility of exchange rates and fluctuations in the exchange market. Previously, the United States imposed sanctions on the Moscow Stock Exchange; It stopped trading in US dollars and euros.
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Several commercial banks in Kyrgyzstan have limited transfers to and from Russia. Interfax reported this in reference to the banks.
At the time of publication of the material, nine banks had joined the suspension of transfers. For example, Mbank explained its introduction by the volatility of exchange rates and general fluctuations in the foreign exchange market. KICB noted that money can only be transferred to Russian banks that are not subject to sanctions.
On June 12, the United States imposed sanctions against the Moscow Stock Exchange, its Clearing Center and the National Settlement Depository. On June 13, the Moscow Stock Exchange announced the suspension of operations in US dollars and euros on its platform.
Author:
Kirill Bilyk
Source: RB
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