{"id":549790,"date":"2022-09-29T04:00:42","date_gmt":"2022-09-29T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/29\/russias-mir-payment-system-isnt-getting-much-traction-in-turkey-as-us-eu-tighten-the-screws\/"},"modified":"2022-09-29T04:00:42","modified_gmt":"2022-09-29T04:00:42","slug":"russias-mir-payment-system-isnt-getting-much-traction-in-turkey-as-us-eu-tighten-the-screws","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/29\/russias-mir-payment-system-isnt-getting-much-traction-in-turkey-as-us-eu-tighten-the-screws\/","title":{"rendered":"Russia\u2019s MIR payment system isn\u2019t getting much traction in Turkey as US, EU tighten the screws"},"content":{"rendered":"

<\/a> Uptake of Russia\u2019s MIR isn\u2019t looking so good:<\/strong> Turkish state banks are planning to stop processing transactions made with MIR cards \u2014 Russia\u2019s answer to MasterCard and Visa \u2014 after a stark warning from the US Treasury this month, Bloomberg<\/a> reports, citing an unnamed Turkish official. The US Treasury\u2019s Office of Foreign Assets Control warned there would be risks<\/a> for any financial institutions if they enter new agreements or expand on existing ones with the Russian operator of MIR cards. Five Turkish banks<\/a> adopted the payment system last month to transact with Russian banks outside of Swift, but it appears the decision has now been reversed.<\/p>\n

The hometown angle:<\/strong> The Central Bank of Egypt had been working<\/a> to link MIR with Egypt\u2019s homegrown Meeza card network with a view to making life easier for Russian holidaymakers here. Egypt\u2019s acceptance of the card would mean visitors can pay in RUB, use their cards, and access ATMs and thus ease their transactions and payments inside Egypt. This comes as Russian tourism is expected to pick up<\/a> after Russian flag carrier Aeroflot said it will resume direct flights to the Red Sea as of this Saturday, 1 October.<\/p>\n

The EU is looking into imposing new bans on Russian imports<\/strong> that could cost Moscow some EUR 7 bn in revenues, according to Bloomberg<\/a>. The newly-proposed sanctions include a price cap on Russian oil sold to developing countries, prohibiting EU member states from sitting on governing bodies of Russian government-owned companies and even more bans on European services, European Commission President Ursula von der Leyen said in a tweet<\/a>. Sanctioning individuals is also on the table<\/a>, which would target senior Russian ministry officials and individuals involved in staging the recent referendums.<\/p>\n","protected":false},"excerpt":{"rendered":"

Uptake of Russia\u2019s MIR isn\u2019t looking so good: Turkish state banks are planning to stop processing transactions made with MIR cards \u2014 Russia\u2019s answer to MasterCard and Visa \u2014 after a stark warning from the US Treasury this month, Bloomberg reports, citing an unnamed Turkish official. The US Treasury\u2019s Office of Foreign Assets Control warned […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7328],"tags":[222,72,7192,127,270],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549790","post","type-post","status-publish","format-standard","hentry","category-around-the-world","tag-around-the-world","tag-enterpriseam","tag-eu","tag-politics","tag-russia","wpautop","entry"],"acf":{"mongo_id":"4d91a27a-2838-49e9-8c60-8383cb298fdd","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549769],"teaser":"","voice_url":""},"yoast_head":"\nRussia\u2019s MIR payment system isn\u2019t getting much traction in Turkey as US, EU tighten the screws - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/29\/russias-mir-payment-system-isnt-getting-much-traction-in-turkey-as-us-eu-tighten-the-screws\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia\u2019s MIR payment system isn\u2019t getting much traction in Turkey as US, EU tighten the screws\" \/>\n<meta property=\"og:description\" content=\"Uptake of Russia\u2019s MIR isn\u2019t looking so good: Turkish state banks are planning to stop processing transactions made with MIR cards \u2014 Russia\u2019s answer to MasterCard and Visa \u2014 after a stark warning from the US Treasury this month, Bloomberg reports, citing an unnamed Turkish official. 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Russian authorities have been working with the Central Bank of\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/egp-rub-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547244,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/good-news-everybody\/","url_meta":{"origin":549790,"position":2},"title":"Good news, everybody","author":"enterpriseam admin","date":"14 June 2022","format":false,"excerpt":"We could see an influx of Russian tourists this summer as Western sanctions imposed on Moscow prevent Russians from traveling to Europe, according to a report picked up by Zawya. The number of Russians arriving in Egypt between 1 June and 31 August will rise 30% from the same period\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/1600-sharm-el-sheikh-tourism.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548428,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/kenyans-elect-a-new-president-tomorrow-china-cuts-military-climate-talks-with-us\/","url_meta":{"origin":549790,"position":3},"title":"Kenyans elect a new president tomorrow + China cuts military, climate talks with US","author":"enterpriseam admin","date":"8 August 2022","format":false,"excerpt":"Kenyans go to the polls tomorrow to elect a new president. 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The resumption of flights comes after the carrier suspended air travel to and from Egypt in\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/406.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568073,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/around-the-world-for-16-december-2020\/","url_meta":{"origin":549790,"position":5},"title":"Around the world for 16 December 2020","author":"enterpriseam admin","date":"16 December 2020","format":false,"excerpt":"The US has slapped its NATO ally Turkey with sanctions over the purchase of Russian missiles, effectively denying Ankara\u2019s state arms buyer, the Defense Industries Directorate (SSB), access to US financial institutions, US Secretary of State Mike Pompeo said in a statement. The US argues that the move threatens the\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=549790"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549790\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549769"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549790"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549790"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}