New "bank-camouflage" in Kyrgyzstan: an attempt to bypass sanctions?

A new bank named "Asman Bank" has been established in Kyrgyzstan, reportedly to navigate around international sanctions. Its founder is Mikhail Kuzovlev, a former top manager of Russian banks, as reported by NewsBox.

In Kyrgyzstan, a new bank has been launched under the name "Asman Bank," which is expected to be used as a means to circumvent international sanctions. This move, according to expert opinions, represents an attempt to find alternative solutions in the face of sanction pressures, especially as other financial institutions are not ready to handle operations linked to these constraints.

The founder of the bank, according to this media outlet, is Mikhail Kuzovlev, who previously held senior positions in major Russian banks such as VTB, VEB, and Promsvyazbank. He is also known as one of the key developers of the banking system in the annexed Crimea.

It is believed that the establishment of this "bank-camouflage" is connected to attempts to bypass sanctioned barriers for the execution of international financial transactions. However, no official information has yet been released regarding the activities of "Asman Bank" and its connections with Russian officials.