2 Turkish Banks Suspend Russian Mir Payments After US Sanctions

ISTANBUL—Turkish lenders Isbank and Denizbank have suspended use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine.
The moves, announced separately, came after Washington expanded its sanctions last week to include the head of the entity running Mir, which is popular with the tens of thousands of Russian tourists who arrived in Turkey this year.
Isbank, whose shares tumbled 10 percent on Monday, said it halted Mir payments and is evaluating the U.S. Treasury’s new sanctions. Isbank also said it was keen to comply with national and international laws, regulations, and commercial business principles….

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