Turkey decided to find an alternative to the Mir payment system

The threat of the United States to impose sanctions against financial institutions cooperating with the Russian payment system “Mir” led to the fact that Turkish banks began to refuse to accept Mir cards en masse. As a result, the President of Turkey Recep Tayyip Erdogan decided to convene a government meeting at which he would discuss alternatives to the Mir payment system. He noted that the issue of alternative options will be worked out jointly with Russia.

As stated IA REGNUM independent financial consultant, candidate of economic sciences Anna Krasnopolskayathis may be the “expansion” of Turkish banks to the Russian market, when Russian citizens will be able to receive cards in their branches, which they will then pay in Turkey.

However, the implementation of this scenario has two main arguments against: the West will also impose sanctions against those working in the Russian Federation…

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