This news release is issued to publicise the amendment of one entry under the Russia sanctions regime.
The Russia (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 ('the Regulations'), which are made under the Sanctions Act 2024. This regime imposes financial, trade, aircraft, shipping and immigration sanctions for the purposes of encouraging Russia to cease actions which destabilise Ukraine, or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine.
Individuals and entities who are designated under this regime are included on the UK Sanctions List.
Types of sanctions applicable under this regime:
- Asset freeze
- Other financial and investment restrictions
- Trade
- Immigration
- Aircraft
- Ships
On 6 March 2026 the Foreign, Commonwealth and Development Office updated the List. This list provides details of those designated under sanctions legislation.
Amendment
One entry has been amended on the UK Sanctions List and is still subject to an asset freeze and trust services sanctions.
Deleted information appears in [square brackets]. Additional information appears in italics.
Entity
- Entity: OJSC KEREMET BANK
Unique ID: RUS2479
Regime name: The Russia (Sanctions) (EU Exit) Regulations 2019
Sanctions imposed: Asset freeze, Trust Services Sanctions, Director Disqualification Sanction, Prohibition on correspondent banking and clearing
Other information: The Director Disqualification Sanction was imposed on 09/04/2025.
UK statement of reasons: The Secretary of State considers that there are reasonablegrounds to suspect that OJSC KEREMET BANK is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis that it [is and] has been involved in obtaining a benefit from or supporting the Government of Russia through: (1) carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector; (2) providing financial services to persons carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector.
Type of entities: Open Joint Stock Company
Business registration numbers: Kyrgz BIK number: 136001 TIN: 02012201010017 OKPO: 27231453 SWIFT: RINBKG22
Name: OJSC KEREMET BANK
Name type: Primary Name
Name: OAOKeremet Bank
Name type: Primary Name Variation
Name: OJCS Keremet Bank
Name type: Primary Name Variation
Name: OJSC Rosinbank
Name type: Primary Name Variation
Name: Open Joint Stock Company Keremet Bank
Name type: Primary Name Variation
Name: Otkrytoe Aktsionernoe Obschestvo Keremet Bank
Name type: Primary Name Variation
Name non-latin script: OAO Керемет-банк
Non latin script type: Cyrillic
Non latin script language: Russian
Name non-latin script: ОАО Росинбанк
Non latin script type: Cyrillic
Non latin script language: Russian
Name non-latin script: Открытое акционерное общество Керемет Банк
Non latin script type: Cyrillic
Non latin script language: Russian
Address: 40/4, Togolok Moldo Bishkek
Address postal code: 720001
Address country: Kyrgyzstan
Address: 80/1, Moskovskaya Street Bishkek
Address postal code: 720021
Address country: Kyrgyzstan
Phone numbers: +996 (312) 55 44 44/ +996 (703) 55 44 44/ +996 (997) 55 44 44/ +996 (227) 55 44 44/ +996 (557) 55 44 44
Websites: https://keremetbank.kg
Email addresses: call-center@keremetbank.kg
Designation source: UK
Date designated: 24/02/2025
Last updated: [21/07/2025] 06/03/2026
OFSI group ID: 16829
What you must do in relation to amendments
If, through your sanctions compliance programme, you identify a possible match to a person or entity included in the Sanctions Lists, and you hold or otherwise deal with funds or economic resources of that person:
- You must immediately freeze any assets you hold or otherwise deal with belonging to that person (assets includes funds and economic resources, owned directly or indirectly by that person)
- You must review the information you hold for that person against the Sanctions Lists to establish whether you have a true match or a 'false positive' (see section 8 of the Financial Sanctions General Guidance)
- Where a true match is confirmed, do not deal with those assets or make them available to, or for the benefit of the designated person unless:
- You have a legal exemption
- You have a licence
- You must report the frozen assets to the FIU
If you have a suspicion or knowledge that there has been a breach of sanctions law, or any attempted transactions that you have blocked, report your suspicions to the FIU.
Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.
Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.
Note: determining if a customer is on the Sanctions Lists includes whether any corporate entity is owned or controlled, directly or indirectly, by a person on the Sanctions Lists.
Further information
Further information on the sanctions regime related to Russia and other sanctions related guidance can be found on the Sanctions and Export Control website on the Sanctions Guidance page.
Contact details for enquiries
If you require any further information or guidance, please contact the Sanctions Team on:
Telephone: +44 1624 648109
Email: sanctions@gov.im
Please note: We are unable to provide legal advice. You may need to seek independent legal advice.
