The UK announced the introduction of the largest package of sanctions against Russia since 2022. Keremet Bank, registered in Kyrgyzstan, has been placed under restrictions for the first time. British authorities accused the financial institution of helping to circumvent sanctions and supporting Russia in its military operations.

According to a statement by the British Foreign Office, Keremet Bank was targeted by the sanctions as part of measures against third countries, which, according to London, help the Russian regime to circumvent previously imposed restrictions.

Earlier, in mid-January, Keremet Bank fell under the sanctions of the U.S. Treasury Department. According to the agency, the bank got on the SDN-list for participation in a scheme to circumvent restrictions, developed jointly with the Russian authorities and Promsvyazbank.

In addition, Rama Group LLP has also fallen under the sanctions. It was registered in Kyrgyzstan in February 2023 and re-registered in May 2024. The company was established with foreign participation and is engaged in wholesale non-specialized trade.