Kyrgyz Economy Minister Sydykov meets UK Foreign Secretary Miliband in New York

September 24, 2026 at 10:35 AM1 min

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Kyrgyz Economy and Commerce Minister Bakyt Sydykov met UK Foreign Secretary Ed Miliband in New York on September 22 to discuss sanctions, trade, and investment. The two sides noted positive dynamics in cooperation, including on sanctions-related issues, and agreed to continue working on them. The meeting comes after the UK sanctioned three Kyrgyz financial entities in May 2026.

Key Facts

The meeting took place in New York on September 22, 2026, during Sydykov's visit.
The UK sanctioned three Kyrgyz financial entities in May 2026: Eurasian Savings Bank, State Brokerage Company, and a virtual asset issuer for the USDKG stablecoin.
In June 2026, Sydykov was appointed special representative of the president on sanctions policy.
Kyrgyz commercial banks are forming a unified interbank list of sanctioned persons and organizations.

Meeting Details

Kyrgyz Economy and Commerce Minister Bakyt Sydykov met UK Foreign Secretary Ed Miliband in New York on September 22, 2026. The two sides discussed current issues of Kyrgyz-British trade and economic cooperation, promising areas for developing bilateral relations, and other matters of mutual interest. They noted positive dynamics in joint work, including on sanctions-related issues. Both sides agreed to continue interaction to promptly consider emerging issues and develop mutually acceptable solutions.

Sanctions Context

In May 2026, the UK imposed sanctions on three Kyrgyz financial structures: Eurasian Savings Bank, State Brokerage Company, and a virtual asset issuer for the USDKG stablecoin. In June 2026, Bakyt Sydykov was appointed special representative of the president on sanctions policy. His responsibilities include interaction with foreign partners and coordination of government agencies to reduce sanctions risks. Kyrgyz commercial banks are forming a unified interbank list of sanctioned persons and organizations, with plans to restrict their ability to conduct operations through the country's banking system.