Finance

EU may impose sanctions on Asia-Invest Bank

EU may impose sanctions on Asia-Invest Bank
EU may impose sanctions on Asia-Invest Bank

Tashkent, Uzbekistan (UzDaily.uz) — The European Union is considering including Uzbekistan’s Asia-Invest Bank in the new 16th sanctions package. This was reported by "Current Time," citing a draft document.

According to the publication, sanctions could affect 15 Russian banks, including the Uzbekistan-owned Asia-Invest Bank.

One of the possible measures under consideration is disconnecting these financial institutions from the SWIFT system.

Asia-Invest Bank was founded in 1996 as part of an intergovernmental agreement between Uzbekistan and Russia.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.