Kyrgyzstan Company Added to U.S. Sanctions List
The United States Imposes Sanctions on Kyrgyz Company UCON COMPANY LLC
On February 24, 2024, the United States announced sanctions against over 500 individuals and entities in Russia and other countries. Among those targeted is a company based in Kyrgyzstan – UCON COMPANY LLC.
The sanctions were imposed due to the company’s alleged activities in supporting the Russian military-industrial base. UCON COMPANY LLC has been placed under “secondary sanctions,” indicating severe restrictions on its operations.
According to the Ministry of Justice of the Kyrgyz Republic, UCON COMPANY LLC has foreign ownership and was established in 2022. Its primary business activity is listed as wholesale non-specialized trade.
The inclusion of the Kyrgyz company in the US sanctions list highlights the global reach of such measures and their potential impact on businesses operating in various sectors. Authorities and stakeholders in Kyrgyzstan will likely closely monitor the developments surrounding UCON COMPANY LLC and assess the implications of the sanctions on its operations.
