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Britain sanctions a Kyrgyz Finance Ministry payment company and two Bishkek processors

The UK Sanctions List added Processing KG, whose sole shareholder is Kyrgyzstan’s Ministry of Finance, its director Ulan Bukabaev, TokenSpot and Tsunami Payments on Thursday under the Russia regime, 24.kg reported at 21:22 Bishkek time from the Foreign Office’s notice. All three face an asset freeze and a ban on payments through them, and London cites reasonable grounds to suspect business of economic significance to the Russian government.

By CAW Staff9 October 2026
A slate-blue card payment terminal on an empty counter with its cable unplugged and coiled beside it.

Processing KG, an open joint-stock company at 58a Erkindik Boulevard in Bishkek, carries the identifier RUS3756 and the two websites processing-kg.com and vexpay.net on its card, which names the Kyrgyz finance ministry as its parent, by 24.kg and the OpenSanctions mirror of the list, first seen on 8 October. London’s grounds are reasonable grounds to suspect that the company benefits or supports the government of Russia by carrying on business of economic significance to the Russian state. Its measures are an asset freeze, restrictions on trust services, on directorships and on internet services, and a prohibition on processing payments through the company.

A payment company owned by a finance ministry is now on a Russia list in London. Bukabaev, its director, is under an asset freeze, a travel ban and the trust and directorship restrictions.

TokenSpot, a closed joint-stock company, and Tsunami Payments, a limited liability company with the identifier RUS3763, were listed for activity in Russia’s financial services sector, which Britain treats as a sector of strategic significance, 24.kg writes. Tsunami Payments was registered in February 2024 and received two National Bank licences in June of that year, for processing and clearing third-party payments and for accepting payments for goods and services through payment systems. No transaction behind the three decisions is identified in the notice, Kursiv noted in its report.

A payment company owned by a finance ministry is now on a Russia list in London.

The listing lands in a republic that liquidated 16 companies over sanctions risk and announced about 35 more, as CAW reported on Tuesday, and it came a day after Britain’s trade minister sat in Akorda, as CAW reported on Thursday. Neither the finance ministry nor the National Bank had printed a reaction by Friday morning.

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