2022-09-22, 11:32 PM
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Ngân hàng trung ương Việt Nam đình chỉ tiếp nhận MIR card của Nga.
September 21, 2022
Kazakhstan's Largest Bank Suspends Russia's Mir Payment System
The Halyk Bank's call center told the Izvestia newspaper on September 21 that Russia's Mir cards cannot be used via terminals and ATMs. (illustrative photo)
Kazakhstan's largest bank, Halyk Bank (People's Bank), has suspended the use of Russia's Mir payment cards amid warnings by the U.S. Treasury Department about possible sanctions to be imposed on institutions supporting Russia's payment system outside of Russia.
Vietnam's BIDV bank also suspended usage of Mir cards.
The Halyk Bank's call center told the Izvestia newspaper on September 21 that Russia's Mir cards cannot be used via terminals and ATMs. BIDV bank gave Izvestia similar information.
Earlier this week, two Turkish banks -- Isbank and Denizbank -- suspended the withdrawal of cash from the Mir payment system.
Russia has vowed to expand its Mir payment system in friendly countries as Western sanctions attempt to shut it out of international finance over its ongoing unprovoked invasion of Ukraine.
Last week, the U.S. Treasury Department said it was ready to impose sanctions for supporting Moscow’s attempts to expand the use of its Mir payment system outside the Russian Federation.
On September 20, Reuters quoted a senior U.S. administration official who spoke on condition of anonymity as saying that steps by Turkey's Isbank and Denizbank to suspend the use of the Mir payment system "make a lot of sense."
"Cutting off Mir is one of the best ways to protect a bank from the sanctions risk that comes from doing business with Russia. We expect more banks to cut off Mir because they don’t want to risk being on the wrong side of the coalition's sanctions," the official said.
With reporting by Izvestia and Reuters
/* source: https://www.rferl.org/a/kazakhstan-bank-...44430.html
Russian media: Armenia, Vietnam and Kazakhstan suspend use of Russian Mir cards
September 21, 2022 2:22 pmby The Kyiv Independent news desk
Vietnam and Kazakhstan have suspended transactions through the Russian payment system Mir, reported Russian state-controlled media Izvestia. According to Ukrainska Pravda, Armenian banks stopped accepting Russia's Mir cards and suspended money withdrawals for their holders on Sept. 20.
Turkey's largest private lender Isbank suspended transactions through the Russian system on Sept. 19. The decision came after the U.S. Treasury warned against financial institutions cooperating with the Russian operator.
Turkey has not implemented sanctions imposed on Russian institutions due to Russia's full-scale invasion of Ukraine.
/* src.: https://kyivindependent.com/uncategorize...-mir-cards
Erdogan convenes a meeting on the Russian payment system “Mir” and possible EU sanctions
16 hours ago
At the meeting, Erdogan and officials will discuss agreements with Russia, the recent volatility on the Istanbul stock exchange and the overall economic situation.
The agenda of the meeting included probable Western sanctions, as well as a discussion of the Russian payment system Mir. At the meeting, Erdogan and officials will discuss agreements with Russia, the recent volatility on the Istanbul stock exchange and the overall economic situation.
As UNIAN reported, on September 19, 2022, Turkish banks Is Bankasi and DenizBank refused to serve Mir cards at their ATMs and retail outlets. The decision was made against the backdrop of warnings from US authorities on the possible imposition of sanctions against organizations that accept the National Card outside the country.
Specialists have already warned the Russians that foreign banks that have previously concluded agreements with the Mir card operator are able to refuse to cooperate with the Russian system due to fears of US sanctions. Russians were also urged to take cash with them when traveling.
It should be noted that the banks of Kazakhstan, Vietnam and Armenia, which previously accepted Mir cards, stopped working with the Russian payment system.
/* src.: https://trendingnewsbuzzer.com/erdogan-c...sanctions/
Ngân hàng trung ương Việt Nam đình chỉ tiếp nhận MIR card của Nga.
September 21, 2022
Kazakhstan's Largest Bank Suspends Russia's Mir Payment System
The Halyk Bank's call center told the Izvestia newspaper on September 21 that Russia's Mir cards cannot be used via terminals and ATMs. (illustrative photo)
Kazakhstan's largest bank, Halyk Bank (People's Bank), has suspended the use of Russia's Mir payment cards amid warnings by the U.S. Treasury Department about possible sanctions to be imposed on institutions supporting Russia's payment system outside of Russia.
Vietnam's BIDV bank also suspended usage of Mir cards.
The Halyk Bank's call center told the Izvestia newspaper on September 21 that Russia's Mir cards cannot be used via terminals and ATMs. BIDV bank gave Izvestia similar information.
Earlier this week, two Turkish banks -- Isbank and Denizbank -- suspended the withdrawal of cash from the Mir payment system.
Russia has vowed to expand its Mir payment system in friendly countries as Western sanctions attempt to shut it out of international finance over its ongoing unprovoked invasion of Ukraine.
Last week, the U.S. Treasury Department said it was ready to impose sanctions for supporting Moscow’s attempts to expand the use of its Mir payment system outside the Russian Federation.
On September 20, Reuters quoted a senior U.S. administration official who spoke on condition of anonymity as saying that steps by Turkey's Isbank and Denizbank to suspend the use of the Mir payment system "make a lot of sense."
"Cutting off Mir is one of the best ways to protect a bank from the sanctions risk that comes from doing business with Russia. We expect more banks to cut off Mir because they don’t want to risk being on the wrong side of the coalition's sanctions," the official said.
With reporting by Izvestia and Reuters
/* source: https://www.rferl.org/a/kazakhstan-bank-...44430.html
Russian media: Armenia, Vietnam and Kazakhstan suspend use of Russian Mir cards
September 21, 2022 2:22 pmby The Kyiv Independent news desk
Vietnam and Kazakhstan have suspended transactions through the Russian payment system Mir, reported Russian state-controlled media Izvestia. According to Ukrainska Pravda, Armenian banks stopped accepting Russia's Mir cards and suspended money withdrawals for their holders on Sept. 20.
Turkey's largest private lender Isbank suspended transactions through the Russian system on Sept. 19. The decision came after the U.S. Treasury warned against financial institutions cooperating with the Russian operator.
Turkey has not implemented sanctions imposed on Russian institutions due to Russia's full-scale invasion of Ukraine.
/* src.: https://kyivindependent.com/uncategorize...-mir-cards
Erdogan convenes a meeting on the Russian payment system “Mir” and possible EU sanctions
16 hours ago
At the meeting, Erdogan and officials will discuss agreements with Russia, the recent volatility on the Istanbul stock exchange and the overall economic situation.
The agenda of the meeting included probable Western sanctions, as well as a discussion of the Russian payment system Mir. At the meeting, Erdogan and officials will discuss agreements with Russia, the recent volatility on the Istanbul stock exchange and the overall economic situation.
As UNIAN reported, on September 19, 2022, Turkish banks Is Bankasi and DenizBank refused to serve Mir cards at their ATMs and retail outlets. The decision was made against the backdrop of warnings from US authorities on the possible imposition of sanctions against organizations that accept the National Card outside the country.
Specialists have already warned the Russians that foreign banks that have previously concluded agreements with the Mir card operator are able to refuse to cooperate with the Russian system due to fears of US sanctions. Russians were also urged to take cash with them when traveling.
It should be noted that the banks of Kazakhstan, Vietnam and Armenia, which previously accepted Mir cards, stopped working with the Russian payment system.
/* src.: https://trendingnewsbuzzer.com/erdogan-c...sanctions/