{"id":581508,"date":"2023-02-12T00:00:00","date_gmt":"2023-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/"},"modified":"2023-02-12T00:00:00","modified_gmt":"2023-02-12T00:00:00","slug":"egypt-russia-have-yet-to-make-a-final-decision-on-mir","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/","title":{"rendered":"Egypt + Russia have yet to make a final decision on Mir"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">No decision yet on MIR:<\/span><span style=\"\"> Egypt and <\/span><span style=\"\">Russia have completed <\/span><span>much of the technical work to introduce Moscow\u2019s MIR payments system in Egypt but no final decisions have been made, Russia\u2019s ambassador to Egypt <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2020\/04\/28\/russia-appoints-new-ambassador-to-egypt-15105\/\" style=\"\">Georgy Borisenko<\/a><\/span><span> told Russia's <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ria.ru\/20230211\/borisenko-1851205157.html\" style=\"\">RIA Novosti<\/a><\/span><span>. Russian authorities have been <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/09\/13\/egypt-could-soon-start-using-rub-as-central-bank-works-on-mir-link-81032\/\" style=\"\">working with the Central Bank of Egypt<\/a><\/span><span style=\"font-weight:400;\"> to set up Mir \u2014 Russia\u2019s alternative to MasterCard and Visa since \u2014 last year following the introduction of Western financial sanctions on Moscow in retaliation for its invasion of Ukraine. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The two countries are in talks to increase EGP-RUB trade:<\/span><span style=\"\"> Egypt and Russia have been <\/span><span>discussing the idea of increasing the use of national currencies in bilateral trade, cutting out the use of the greenback, Borisenko told the news agency. Russia\u2019s central bank last month <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/19\/what-wheat-is-to-bread-corn-is-to-chickens-93968\/\" style=\"\">approved the EGP<\/a><\/span><span style=\"font-weight:400;\"> for use as a trade currency, allowing Egypt to purchase Russian commodities in RUB and reduce its exposure to the greenback.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Don\u2019t expect the US to take any of this lightly:<\/span><span style=\"\"> The US has come down hard on Turkey for <\/span><span>expanding the use of Mir. Five local banks that had adopted the payment system <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/09\/29\/russias-mir-payment-system-isnt-getting-much-traction-in-turkey-as-us-eu-tighten-the-screws-82303\/\" style=\"\">quickly reversed course<\/a><\/span><span style=\"font-weight:400;\"> following pressure from Washington which threatened to impose sanctions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">El Sisi talks GREGY with Greek PM + lead contractor: <\/span><span style=\"\">President Abdel Fattah El-Sisi <\/span><span style=\"\">and <\/span><span>Greek Prime Minister Kyriakos Mitsotakis discussed by phone the progress of the<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/09\/copelouzos-co-close-to-finalizing-studies-for-greece-egypt-electricity-link-96071\/\" style=\"\">3-GW<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/09\/copelouzos-co-close-to-finalizing-studies-for-greece-egypt-electricity-link-96071\/\" style=\"\">Greece-Egypt Interconnector (GREGY)<\/a><\/span><span>project as well as the need to send immediate support following last week\u2019s devastating earthquakes in Turkey and Syria, th<\/span><span>e <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/primeminister.gr\/2023\/02\/10\/31264\" style=\"\">Greek<\/a><\/span><span> pre<\/span><span>sidency said Friday. El Sisi also met with the head of the lead contractor on the project, Copelouzos Group, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0nXN1kDFPD5xvZfCgwBT3hWzzoGFpyuP3cTwX4xyQP8RznwbPsKGR27xAouRh3sqBl\" style=\"\">Ittihadiya<\/a><\/span><span style=\"font-weight:400;\"> said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER-<\/span><span style=\"\"> The consortium working on the project is close to finalizing the technical and <\/span><span>financial surveys ahead of a financial investment decision, a senior figure at Copelouzos <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/09\/copelouzos-co-close-to-finalizing-studies-for-greece-egypt-electricity-link-96071\/\" style=\"\">said last week<\/a><\/span><span>. <\/span><span>Work on the EUR 3.5 bn has <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/09\/04\/egypt-greece-plot-9-5-gw-renewables-project-plus-private-sector-solar-tender-coming-80167\/\" style=\"\">accelerated last year<\/a><\/span><span> as the EU steps up its search for new energy supplies following an energy crunch on the back of the Russian invasion of Ukraine. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No decision yet on MIR: Egypt and Russia have completed much of the technical work to introduce Moscow\u2019s MIR payments system in Egypt but no final decisions have been made, Russia\u2019s ambassador to Egypt Georgy Borisenko told Russia's RIA Novosti. Russian authorities have been working with the Central Bank of Egypt to set up Mir [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":581509,"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":[7262],"tags":[96,2352,168,6576,6539,244,72,1984,7111,9216],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-abdel-fattah-el-sisi","tag-copelouzos","tag-diplomacy","tag-egypt-greece-relations","tag-egypt-russia-relations","tag-electricity","tag-enterpriseam","tag-gregy","tag-infrastructure","tag-mir","wpautop","entry"],"acf":{"mongo_id":"6788212e-7ea3-4b5a-80fe-edb91cf35b2f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/egp-rub-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581481],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/2\/.784c33f8-35c6-434a-b14d-38c761c4cae6.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt + Russia have yet to make a final decision on Mir - 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\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt + Russia have yet to make a final decision on Mir\" \/>\n<meta property=\"og:description\" content=\"No decision yet on MIR: Egypt and Russia have completed much of the technical work to introduce Moscow\u2019s MIR payments system in Egypt but no final decisions have been made, Russia\u2019s ambassador to Egypt Georgy Borisenko told Russia&#039;s RIA Novosti. Russian authorities have been working with the Central Bank of Egypt to set up Mir [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-12T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/egp-rub-1600px.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt + Russia have yet to make a final decision on Mir\",\"datePublished\":\"2023-02-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/\"},\"wordCount\":349,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/egp-rub-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abdel Fattah El Sisi\",\"Copelouzos\",\"DIPLOMACY\",\"Egypt-Greece relations\",\"Egypt-Russia relations\",\"electricity\",\"EnterpriseAM\",\"GREGY\",\"infrastructure\",\"Mir\"],\"articleSection\":[\"Diplomacy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/egypt-russia-have-yet-to-make-a-final-decision-on-mir\/\",\"name\":\"Egypt + Russia have yet to make a final decision on Mir - 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Yup. It was a\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549790,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/29\/russias-mir-payment-system-isnt-getting-much-traction-in-turkey-as-us-eu-tighten-the-screws\/","url_meta":{"origin":581508,"position":1},"title":"Russia\u2019s MIR payment system isn\u2019t getting much traction in Turkey as US, EU tighten the screws","author":"enterpriseam admin","date":"29 September 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;AROUND THE WORLD&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547244,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/good-news-everybody\/","url_meta":{"origin":581508,"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 &quot;Tourism&quot;","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":549735,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/28\/the-russkies-are-coming-back-to-the-red-sea\/","url_meta":{"origin":581508,"position":3},"title":"The Russkies are coming back to the Red Sea","author":"enterpriseam admin","date":"28 September 2022","format":false,"excerpt":"Russian flag carrier Aeroflot is resuming regular flights from Moscow to Sharm el Sheikh and Hurghada beginning from next week, with the first flight taking off on 1 October, according to the airline\u2019s website. The resumption of flights comes after the carrier suspended air travel to and from Egypt in\u2026","rel":"","context":"In &quot;Tourism&quot;","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":650979,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/01\/trade-with-russia-reaches-usd-3-5-bn-in-2016\/","url_meta":{"origin":581508,"position":4},"title":"Trade with Russia reaches USD 3.5 bn in 2016","author":"enterpriseam admin","date":"1 February 2017","format":false,"excerpt":"Total trade between Egypt and Russia stood at USD 3.5 bn in 2016, Russian Trade Representative to Egypt Fedor Lukashin told Sputnik. Russia\u2019s export grew by 10% while imports from Egypt decreased by 10%, he added, weighed down by a 46% drop in Egyptian vegetable exports. Russia had introduced temporary\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628479,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/russia-bans-140-tonne-shipment-of-egyptian-potatoes-over-pest-infection\/","url_meta":{"origin":581508,"position":5},"title":"Russia bans 140-tonne shipment of Egyptian potatoes over pest infection","author":"enterpriseam admin","date":"6 May 2018","format":false,"excerpt":"Russia\u2019s agricultural quarantine authorities banned a 140-tonne potato shipment from Egypt at the Novorossiysk Sea Port, alleging that they were infected with the potato moth pest, Russia Today reports. 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