The European Union has proposed specific initiatives to the Kyrgyz side
Kyrgyzstan, together with the European Union, will begin developing a plan aimed at technical cooperation to remove Kyrgyz banks from sanctions. This was reported in a press release from the Cabinet of Ministers.
The meeting between the First Deputy Chairman of the Cabinet, Daniyar Amangeldiev, and the EU Special Envoy for Sanctions, David O'Sullivan, who is in Kyrgyzstan on a working visit, served as the basis for discussing this initiative.
The parties exchanged views on the existing sanctions and their impact on the country's financial system.
Amangeldiev emphasized that Kyrgyzstan is actively working to improve financial monitoring and increase the transparency of foreign economic operations.
He noted that effective control over exports and finances requires the distribution of responsibility among all participants in the foreign economic chain, including European suppliers.
During the discussion, the importance of European exporters adhering to their own control requirements was highlighted.
Amangeldiev also spoke about the measures being taken to strengthen control in the country's commercial banks.
The Kyrgyz side noted the importance of creating transparent and understandable mechanisms, as well as using reliable and up-to-date information for decision-making and coordinating actions.
In addition, the necessity of developing a joint action plan and establishing a format for technical interaction to address issues related to sanctions against specific banks in stages was discussed.
EU Special Envoy David O'Sullivan also noted that the demonstrated transparency is an important factor in building trust from European institutions and the international community.
He reported that specific proposals for technical interaction to remove banks from the sanctions list and minimize future financial risks had been sent to the Kyrgyz side.
According to O'Sullivan, the European Union expects further progress in strengthening mechanisms for export and financial control.
