2 Turkish banks suspend Russian Mir payments after US sanctions: report

2 Turkish banks suspend Russian Mir payments after US sanctions: report

Turkish Finance Minister Nureddin Nebati at the time called concerns over the letter “meaningless.” In April, he said Russian tourists — critical to Turkey’s beleaguered economy — could easily make payments since the Mir system was growing among Turkey’s banks.

After the two private lenders suspended Mir, it is still operated by state lenders Halkbank (HALKB.IS), Vakıfbank (VAKBN.IS) and Ziraat.

H/T: Tim Pool 2

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