July 01, 2026 08:39 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Dharmendra Pradhan will be responsible if anything happens': CJP warns as Sonam Wangchuk's health worsens on day 3 of hunger strike | Adani Ports seals $1.4 billion mega deal as MSC buys 49% stake in Vizhinjam port | Ram Temple donation scam: Former trust chief Champat Rai grilled by SIT for 2 hours, says report | Brazil escape Japan scare, Germany crash out as Paraguay script World Cup shocker | India overtakes Taiwan, South Korea to become world's fifth-largest equity market again | Pakistan strikes terror hideouts near Afghan border after Karachi bloodshed, 29 killed | Israel strikes back: Top October 7 militant “eliminated” in precision operation | Radharaman Das, who defended Bengal's vegetarian mid-day meal plan, loses ISKCON post | Fresh paper leak rocks India: Maharashtra TET postponed a day before exam, over 4 lakh aspirants affected | Pune fort murder case: Siya Goyal's brother says family would have called off marriage if she had objected
Russia | Turkey
Image Credit: Dmitry Sergeyevich Peskov/ credit: UNI

Turkish banks suspend Russia's Mir system under US pressure: Moscow

| @indiablooms | Sep 29, 2022, at 12:56 am

Ankara/UNI: Moscow considers the decision of Turkish state-owned banks to abandon Russia's payment system Mir as forced, made under "unprecedented" US pressure and Washington's threats of imposing secondary sanctions against Ankara, Kremlin spokesman Dmitry Peskov said on Wednesday.

"It is clear that [Turkish] banks and economic operators are under the strongest US pressure, they are being threatened with secondary sanctions against the banking system.

"This decision [to abandon the use of the Mir payment system] was, certainly, made under this completely unprecedented pressure," Peskov told reporters when asked to estimate the decision of Turkish banks to suspend the Mir payment system.

Moscow and Ankara need to jointly look for ways to counter US pressure in such a way that does not harm bilateral trade and economic cooperation, and does not deprive Russian tourists visiting Turkey of comfortable conditions, the Kremlin spokesman added.

Earlier this week, citing a high-ranking Turkish official, Bloomberg reported that Turkey's Halkbank, Ziraat Bank and VakıfBank had decided to stop using the Mir payment system.

Such a step by Turkish banks is an example of how secondary US sanctions force countries to distance themselves from Moscow, as per the Bloomberg report.

Turkey's Ziraat Bank, however, told Sputnik on Wednesday that it had not received any notifications to stop using the Russian payment system.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.