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EU Deploys Anti-Circumvention Tool, Sanctions Kyrgyz Banks, Exports

4/24/2026

Center

EU Sanctions Kyrgyzstan

The EU invoked its anti-circumvention tool for the first time, sanctioning Kyrgyzstan’s banks and high-tech exports.
April 22 2026 the EU adopted 20th sanctions package, adding banks from Kyrgyzstan, Laos and Azerbaijan and restricting high-tech exports to Kyrgyzstan.
The EU barred 20 more Russian lenders, bringing sanctions to 70 banks and restricting SWIFT.
Hungary and Slovakia withdrew veto, enabling the sanctions package after a dispute over Druzhba pipeline.

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British MPs Urge

Twenty-six cross-party British MPs urged the foreign secretary to sanction senior Kyrgyz officials enabling the $1 billion-daily A7A5 stablecoin.
The EU invoked its anti-circumvention tool for the first time, sanctioning Kyrgyzstan’s banks and high-tech exports.
On April 16, Kyrgyz-registered exchange Grinex halted after a hack stole over 1 billion rubles from users.
MPs warned continued Kyrgyz cooperation could trigger sweeping sectoral sanctions on its economy and trade.

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EU Sanctions Kyrgyzstan

The EU invoked its anti-circumvention tool for the first time, sanctioning Kyrgyzstan’s banks and high-tech exports.
April 22 2026 the EU adopted 20th sanctions package, adding banks from Kyrgyzstan, Laos and Azerbaijan and restricting high-tech exports to Kyrgyzstan.
The EU barred 20 more Russian lenders, bringing sanctions to 70 banks and restricting SWIFT.
Hungary and Slovakia withdrew veto, enabling the sanctions package after a dispute over Druzhba pipeline.

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