Date: August 22, 2025
Freedom For Eurasia commends the United States and United Kingdom‘s decisive move to impose sanctions on financial networks and cryptocurrency exchanges exploited by Russia, with a specific focus on Kyrgyzstan. This is an important step in hindering the Kremlin’s efforts to hide their desperate attempts to soften the impact of our sanctions through money laundering using dubious crypto networks and Central Asian kleptocracies.
Targeting entities such as OJSC Capital Bank of Central Asia, Grinex LLC, CJSC TENGRICOIN, Old Vector LLC, Altair Holding SA, and individuals like Kantemir Chalbayev, Zhanybek uulu Nazarbek and Leonid Shumakov, the US and the UK are disrupting the financial operations that support conflict, regional instability and authoritarian oppression. These sanctions are crucial in ensuring the strength and effectiveness of the international sanctions regime.
We call upon all democratic nations to amplify their collective efforts to tackle money laundering and sanctions evasion, specifically addressing any involvement from Central Asian kleptocracies or those in any other region enabling such networks. Stronger and more coordinated sanctions globally are essential in cutting off the financial support to regimes that prioritize aggression and human rights abuses over peace and diplomacy.
Freedom For Eurasia calls on countries to enhance their financial oversight and regulatory frameworks to prevent the flow of illicit funds that support authoritarian regimes. This is a necessary step toward ending conflicts and building a future rooted in peace and human rights globally.
This recent US and UK initiative signifies a vital step in the broader effort to keep pressure on Russia and its kleptocratic allies and safeguard global stability. We commend these actions and remain hopeful that such measures will help expose and dismantle the corrupt financial mechanisms being used to bankroll aggression and undermine international efforts for peace.
