Reuters: Turkish “Is Bank” suspends the use of Russian payment system “Mir”
MOSCOW, September 19 – RIA Novosti. Türk İş Bankası announced that it has suspended the use of the Russian payment system Mir. Reuters.
Citing Western officials in an early issue of the Financial Times, it was stated that the US is trying to put pressure on Turkish banks that support working with the Mir system. The publication noted that Mir cards are now supported by Turkey’s five largest banks, and two of them were connected to the system after the Russian special operations began in Ukraine. The US fears that this cooperation will allow Russia to “escape Western sanctions” and is trying to impress the banks.
Turkish credit bank Isbank said on Monday it has suspended the use of Russia’s Mir payment system, following US sanctions on individuals and entities accused of helping Moscow circumvent financial sanctions.
The Mir payment system reported this week that it notes and monitors cases of refusal to make transactions on the cards of Russian banks under sanctions. But, in general, cards work regularly in the country.
On Thursday, a US Treasury document was released stating that the United States is ready to impose sanctions to support the use of the Russian NSPK system and the Mir national payment system outside the Russian Federation. At the same time, the Bank of Russia told RIA Novosti earlier on Friday that it plans to continue the dialogue on expanding the geography of accepting Mir cards abroad.
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