Monday, September 19, 2022

Under The Threat Of U.S. Sanctions, Turkish Banks Suspend Using Russia's MIR Payment System

Reuters  

Reuters: Two Turkish banks suspend Russian Mir payments after U.S. sanctions 

ISTANBUL (Reuters) -Turkish lenders Isbank and Denizbank have suspended use of Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine. 

The moves, announced separately, came after Washington expanded its sanctions last week to include the head of the entity running Mir, which is popular with the tens of thousands of Russian tourists who arrived in Turkey this year.  

Read more ....  

Update #1: Turkey’s Isbank Suspends Use of Russian Mir Cards After US Warning (Bloomberg)  

Update #2: Turkish banks suspend use of Russian payment system (RT)  

WNU Editor: There are a lot of Russians living in Turkey, and Turkey is a top destination for Russian tourists. This suspension now makes it impossible for most Russians to live or visit Turkey.

No comments: