US And EU Want Turkish Banks To Disconnect From Russia's Payment System

Kyrill Zykov/ Agency "Moskva"  

The New Voice Of Ukraine: US, EU trying to force Turkish banks to disconnect from Russian payment system  

The United States and EU are increasing pressure on Turkey over concerns that the country's banking sector is a potential loophole through which Russia can evade sanctions. 

The United States has focused its attention on Turkish banks that work with the Russian payment system Mir, the newspaper noted. At the same time, Brussels is preparing a delegation to express its concerns directly to Turkish officials. 

“We will send a very clear signal that financial institutions of third countries should not connect to the Mir payment network, because, as you know, this involves some risks of evading sanctions,” said one of the publication’s sources. 

The pressure on Turkey has come as Western countries have shifted from imposing new sanctions to tightening restrictions that are already in place. 

“We need to close the loopholes,” another FT source said.  

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Update #1: US and EU step up pressure on Turkey over Russia sanctions (Financial Times)  

Update #2: U.S., EU step up pressure on Turkey over Russia sanctions - FT (Reuters)  

WNU Editor: I am sure that when this EU delegation arrives in Turkey they will use the threat of sanctions against Turkish banks to force Ankara to comply.