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Reuters

Two Turkish banks suspend Russian Mir payments after US sanctions

ISTANBUL (Reuters) – Turkish lenders Isbank and Denizbank have suspended use of Russia’s Mir payment system, the banks said on Monday, following a U.S. crackdown on people accused of helping Moscow circumvent sanctions related to the war in Ukraine. The measures, announced separately, came after Washington extended its sanctions last week to include the head of the entity that rules Mir, who is popular with the tens of thousands of Russian tourists who have arrived in Turkey this year. The suspensions by two of the five Turkish banks that had used Mir reflect their efforts to avoid financial crossfire between the West and Russia, as the Turkish government takes a balanced diplomatic stance.

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