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Turkish state banks exit Russian payment system – Bloomberg ...News
The threat of US sanctions has forced lenders in Türkiye to stop dealing with Russian Mir cards, a senior official told Bloomberg Three Turkish state-run banks, the only ones in the country processing transactions with Russia’s Mir cards, are planning to pull out, Bloomberg reported on Tuesday, citing an unnamed senior official. The decision followed a warning from the White House that financial institutions would risk secondary penalties if they help sanction-hit Russia to bypass Ukraine-related punitive measures. Earlier this month, the US Treasury’s Office of Foreign Assets Control (OFAC) announced that it was
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