Kyrgyz Keremet Bank suspends money transfers to Russian banks

The Kyrgyz bank Keremet has suspended transfers of money to Russian banks via mobile apps of Sberbank, MTS Bank, T Bank and the operator of the national payment system, NSPK JSC, in both directions for an indefinite period.

Earlier, the Kyrgyz MBank did the same.

At the same time, Keremet Bank informs that transfers are available through the international money transfer systems Zolotaya Korona, Astrasend, Western Union, Unistream and Ria.

Keremet Bank is the legal successor to the rights, assets and obligations of Rosinbank. In October, 2018, the National Bank of Kyrgyzstan became the majority owner of Keremet’s shares, and its share amounted to 97.45% after the last issue in December.

NSPK was sanctioned by the U.S. for helping the Russian Federation to circumvent sanctions and maintain contact with the international financial system. Sberbank and MTS Bank are also on the U.S.’s sanctions list.

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