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The United States does not object to Kazakh banks using Mir Russia bank cards

by John Pierce
July 3, 2023
in Business
2 min read
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Kazakhstan financial market Regulator said on Friday that the US Treasury Department has notified the banks in Kazakhstan that it does not object to the Russians in Country using Pay Mir Russia cards.

Importance of Mir cards for Russians have risen dramatically this year amid sanctions over Russia invasion of Ukraine, and after the two US payments companies Visa Inc. and Mastercard their operations in Russia and cards that have been issued in Russia stopped working abroad.

The US agency made it clear that it had no objection to ” use of Mir bank cards by private individuals, i.e. citizens who They migrated from Russia to Kazakhstan, to make life-sustaining transactions “,” Kazakhs financial market Regulator said in Statement referring to the US Treasury of Foreign asset control.

United State in September punished the CEO of the bank of The National Card Payment System of Russia (NSPK), which runs Mir, although NSPK and Mir themselves were not sanctioned.

The Kazakh agency said that it will be paid attention to ensure Mir system not used to avoid Penalties.

Operations with This payment system will remain under special control in To prevent it from being used to circumvent anti-Russian sanctions.”

Kazakh banks can accept payments and transfers with Mer cards as well as dispense cash at automated teller machines for individual using they.

At the same time, Kazakh banks will independently decide whether they want this join Mir systemBased on on their own strategy development and internal risk The agency said.

Kazakh President Kassym-Jomart Tokayev pressed back publicly against territorial claims made by Russian President Vladimir Putin in Ukraine, strained relations between former Soviet Republic and Moscow.

Central Russia bank Determined to expand reach of Mir, which meansworldor “peace” in Russian, however facing Headwinds outside.

banks in What is called friendly countries Turkey, Kyrgyzstan, and Tajikistan halted Mir transactions after the US acquired NSPK head on its penalties list.

The NSPK, which runs Mir, stop revealing details of Which countries accept mir bank cards.

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