Stay updated with breaking news from Mir Payment System. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Following the example of Armenia and Kyrgyzstan, the banks of Kazakhstan, a key trade partner of the Kremlin in the post-Soviet territory that is a part of the Collective Security Treaty Organisation (CSTO) and the Eurasian Economic Union (EAEU), are refusing to accept service cards issued by the Russian Mir (Peace) system.
The move was likely spurred by the announcement of new U.S. sanctions against the Russian National Payment Card system (NSPK) in February 2024, which coincided with the second anniversary of the full-scale war and the death of Russian opposition leader Alexei Navalny at a penal colony in Russia.
A new payment system named Rebit Kart is in the works to make it easier for Russian tourists in Turkey to pay for their purchases in the country.
Russian and Thai businesses are asking their governments to streamline transactions in national currencies, Alexei Chekunkov, the minister in charge of developing Russia's Far East region told Sputnik on Thursday.
The Bank of Russia (the Russian Central Bank) is working together with certain foreign countries on a new payment system for Russians, alternative to Mir cards.