Insights&EventsNewsroomsTurkey’s State Banks Suspend Use of Russian Mir Payment System

Turkey’s State Banks Suspend Use of Russian Mir Payment System

Three Turkish state banks, Turkiye Halk Bankası, TC Ziraat Bankası and Turkiye Vakıflar Bankasi, halt the Russia’s Mir payments system over U.S. warnings of sanctions.

All Turkish Bank Halt Russian Mir Payment System

Before three Turkish state banks suspend the system other two big privateTurkish bank Isbank and Denizbank suspended the the Mir system last week.

As of now no Turkish bank use Mir system.

For more about legal situations of Russian and Ukrainian in Turkey, banking and payment systems in Turkey and sanctions regime of Turkey  do not hesitate to contact us.

Location:
Turkey
Practice:
Employment
Lawyer:
Mithat Tercan
Year:
2022

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