Asia Invest Bank has denied claims that it may be subject to European Union sanctions and disconnected from the SWIFT payment system, stating that it continues to operate as usual.
The bank, a subsidiary of Uzmilliybank in Russia, addressed reports circulating in various media outlets that suggested it could be included in the EU's next sanctions package, leading to its removal from the international SWIFT system.
In an official statement, Asia Invest Bank clarified that these reports are unverified and lack official confirmation. The bank reaffirmed its commitment to transparency, legality, and ethical operations, emphasizing that its services remain uninterrupted.
The controversy arose after the Sistema investigative project reported that 15 Russian banks, including Asia Invest Bank, might face disconnection from SWIFT as part of the EU’s 16th sanctions package against Russia. Bloomberg also reported on this possibility.
A representative of the European Union’s foreign affairs and security policy confirmed that a new sanctions package is in preparation, with efforts to finalize and announce it in February.
However, Sistema later acknowledged an error in its initial report, clarifying that the sanctions were not related to the "Zolotaya Korona" system but instead targeted the "Pay Engine" company, which operates the Paygine payment system. The investigative outlet subsequently corrected its report.
Asia Invest Bank reiterated that it remains fully operational and unaffected by the reports of potential sanctions.
In 1996, Asia Invest Bank (a closed joint-stock company) was founded as the first Uzbek-Russian joint bank in Russia. Its establishment was based on an intergovernmental agreement between Russia and Uzbekistan, on the basic principles and areas of economic cooperation for 1996-1997. The bank was created to advance the efficient utilization of national capital in the financial and banking sector.
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