EU's 20th Sanctions Package Forces Kyrgyzstan's Hand on Russia Trade
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We provide what many… Kyrgyzstan has taken sweeping action to clamp down on companies suspected of circumventing Western sanctions imposed on Russia following its full-scale invasion of Ukraine in 2022.
The Kyrgyz Justice Ministry has announced that 50 companies will be forced to suspend their activities after they had been flagged by Western partners.
"After they report risks, we study them and respond.
For example, the United States and the United Kingdom have made allegations regarding 51 companies," Deputy Prime Minister Daniyar Amangeldiev told state news agency Kabar on May 19.
"We conducted an investigation and suspended the registration of 50 companies.
Kyrgyzstan has long been seen as a major conduit for sanctions evasion.
Since sanctions were imposed on Russia in 2022, there have been massive increases in exports of certain goods to Kyrgyzstan that are subsequently re-exported to Russia.
The new crackdown comes hot on the heels of the European Union's20th sanctions package, which designated Kyrgyzstan a country of concern for circumvention.
EU data cited in the decision pointed to sharp trade anomalies, including a more than 800 percent increase in Kyrgyz imports of specialized electronics from the EU between 2022 and 2025.
European officials noted there was no corresponding rise in domestic manufacturing, reinforcing concerns that Kyrgyzstan had become a transit corridor for Russia's military-industrial supply chain.
The EU package included a prohibition of exports of two items to Kyrgyzstan: radio equipment and computer-controlled CNC machines that cut, drill, and shape material.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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