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Kyrgyzstan To Stop Processing Russian Payment Cards Over U.S. Sanctions
View of the National Payment Card System Head Office building in Moscow - 22 July 2020 (Alexander V. Solomin)
April 03, 2024
By RFE/RL
Kyrgyzstan's Elkart Interbank Processing Center said on April 2 that the Central Asian country's banks will stop processing transactions with Russian Mir payment cards as of April 5 due to Western sanctions imposed on Moscow for its invasion of Ukraine. Last week, another former Soviet republic, Armenia, announced a similar move. In September 2022, the U.S. Treasury Department threatened foreign banks with secondary sanctions for servicing Mir cards, a Russian card-payment system. Earlier, some banks in Kazakhstan, Tajikistan, Turkey, Uzbekistan, and Vietnam, as well as Samsung Pay and Apple Pay systems, stopped working with Mir cards. Copyright © Apr 2024. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 conncwsecticut Ave., N.W. Washington DC 20036. http://www.rferl.org
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