Arab Press

بالشعب و للشعب
Sunday, Aug 09, 2026

Turkey's state banks suspend use of Russian Mir payment system -finance minister

Turkey's state banks suspend use of Russian Mir payment system -finance minister

Turkey's three state banks have suspended the use of the Russian Mir payment system, Finance Minister Nureddin Nebati told Reuters on Thursday.
The suspension comes as the United States cracks down on those accused of helping Moscow skirt sanctions and as Western nations grow concerned over increased economic ties between NATO-member Turkey and Russia.

Turkish President Tayyip Erdogan was quoted as saying last week that Turkey would have to take steps on finding an alternative to the Mir system, "whether we like it or not" due to sanctions.

Asked by Reuters on Thursday whether all three state banks have suspended the use of Mir, Nebati confirmed that they had but did not respond to a question about whether an alternative system would be adopted.

Banks use other international payment systems such as SWIFT.

Two private banks, Isbank and Denizbank, suspended their use of the Mir system last week after Washington expanded its sanctions on Russia, including targeting the entity that runs the payment system.

But Reuters had reported, based on sources, that state banks could continue using the Mir system, while offering more transparency and assurances to the West that it was not being used to circumvent sanctions.

Chief Executive Alpaslan Cakar confirmed earlier on Tuesday that Ziraat Bank has suspended the use of Mir. The two other state banks, Halkbank and Vakifbank, have not commented on the issue.

NATO member Ankara opposes Western sanctions on Russia and has close ties with both Moscow and Kyiv, its Black Sea neighbours. It has also condemned Russia's invasion and sent armed drones to Ukraine as part of its diplomatic balancing act.

Uzbekistan's UZCARD system said on Friday it had suspended the processing of payments via Mir cards.

The Kremlin on Wednesday said Turkish state banks that have stopped using Russia's Mir bank cards are clearly under unprecedented U.S. pressure and the threat of secondary sanctions.

Separately, Erdogan said he will conduct a telephone call with Russia's Vladimir Putin later on Thursday and will discuss issues with Ukraine.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Trump’s Top General Seeks an Exit Strategy From Iran War, Report Says
UFO: Pentagon Releases Video of Unidentified Object Tracked Over Middle East
Ukraine Tells Senate Republicans Its Drone War Offers a Blueprint for America
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Saudi Arabia, Turkey and Pakistan Sign Mutual-Defence Pact
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
FIFA’s Retreat Leaves a Larger Question Over Who Guards the Game
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Arrest Warrant Issued in Lebanon for Tycoon Spotted Meeting Netanyahu in Washington
Trump says Israel ‘would not survive’ without US
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Pentagon Discloses Nearly 100 US Troop Injuries During Renewed Iran Fighting
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Spain Defeats Argentina in Extra Time to Win Second World Cup
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
US Retaliates Against Iran After Two American Troops Killed in Jordan
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
×