Kyrgyz Banks Suspend In-App Money Transfers to Russia

INSUBCONTINENT EXCLUSIVE:
Major banks in Kyrgyzstan have suspended money transfers to Russia via their mobile apps following United States sanctions, local media
of the banks that suspended transfers said the service was still available through international money transfer systems like Western Union,
Zolotaya Korona and the United States -sanctioned Unistream.Only Kompanion Bank, ESB and Ayil Bank told 24.kg that transfers within their
own systems remained possible with Russian bank cards.The suspensions come after the United States in June introduced new sanctions against
Russia over its war in Ukraine, including restrictions on the Moscow Exchange
announced the suspension of United States dollar SWIFT transfers for Kyrgyz banks starting next month, prompting many of them to search for
alternatives.