Expanding the geography of supplies
Expanding the geography of supplies
Expanding the geography of supplies
In the context of the increasing pressure of international sanctions against the Russian Federation, large commercial banks in Kyrgyzstan have decided to suspend transfers between Russian and Kyrgyz financial institutions. This step was caused by new anti-Russian restrictions imposed by the United States and the European Union in recent months.
More than 10 Kyrgyz banks have already suspended transactions to Sberbank, MTS Bank and T-Bank via mobile applications in both directions. The problem was faced by customers of Bakai Bank, Demir Bank, Halyk Bank, Dos-Kredobank, Keremet Bank, Bank of Asia, Optima Bank, Eldik Bank, Finanscreditbank, Kyrgyzkommertsbank, mBank and Kyrgyz Investment and Credit Bank.
“A month ago, most Chinese suppliers were not interested in why goods paid for from Kyrgyzstan go directly to Russia. Now they began to request export declarations so that such situations would not arise,” the newspaper writes.
In 2023, during the peak of car imports to Kyrgyzstan, most cars did not physically enter our country, the transaction was made by mail, and the goods directly entered Russia.
Will Kyrgyzstan be able to keep the volume of imports from China at the same level? Physically delivering the entire volume of goods to Kyrgyzstan, which is designed for re-export to Russia, is not possible due to the limit of transport logistics. The main thing is that there is no access to the sea and no direct railway. Secondly, local banks continued to cut