Turkish President Recep Tayyip Erdogan instructed government members, together with Russian colleagues, to develop an alternative to the Mir payment system. It is reported by RIA Novosti with reference to the TV channel A Haber. Earlier, the US Treasury threatened financial institutions of states that enter into new or expanded agreements with the Russian National Payment Card System (NSPK) with sanctions.
“Negotiations with the Russian side were conducted by the relevant departments, in particular, by the ministers themselves. In the coming hours, Erdogan will hold discussions on this topic,” the Turkish TV channel reported.
Later, the Turkish president told reporters that work to resolve the situation with the Mir cards would continue, but attention would be focused “not only on the events with the card, but also on alternatives.”
On Monday, Turkish Isbank and DenizBank announced the termination of servicing Russian Mir cards in connection with a warning from the Office of Foreign Assets Control of the US Department of the Treasury (OFAC).