Following the latest meeting of the interagency working group on identifying unscrupulous participants in foreign economic activity and transactions with heightened sanctions risks, major state banks have terminated cooperation with a large number of companies.
Scale of restrictions on companies' activities
Information on the termination of business relations came from leading banks. In particular, Eldik Bank OJSC halted work with 169 companies, while ABank OJSC stopped working with 115 companies, and according to ABank, about 37 more legal entities are under monitoring.
Number of terminated relations
Areas of work discussed
During the meeting, issues of interaction with international partners, including the European Union, the United States and the United Kingdom, were also considered. Based on the results of the work, further steps were identified to strengthen financial transparency and improve interagency coordination.
Context
The meeting was chaired by Bakyt Sydykov, special representative of the president on sanctions policy and minimization of sanctions risks. The event was organized as part of the work of the interagency working group.
