As a result of new US sanctions, Russia is expanding the Mir bank card.

NEW Fox News articles can now be heard on audio! Following new U.S. penalties aimed at individuals and businesses suspected of assisting Moscow in evading financial restrictions, Russia’s central bank on Friday promised to maintain increasing the number of nations that accept its Mir bank cards.

The Russian government’s invasion of Ukraine on February 24 and ongoing war against it have prompted the United States to impose sanctions on the head of the National Card Payment System (NSPK), which operates Mir, on Thursday.

The U.S. Treasury stated that Russia “has hurried to develop new means to handle payments and conduct transactions.” “Russia’s financial technocrats have supported the Kremlin’s unprovoked war both directly and indirectly.”

As long as Americans are still detained in Russian prisons, BRITTNEY GRINER and Paul Whelan’s families will meet with Biden.

After U.S. payment companies Visa Inc. and Mastercard Inc. suspended operations in Russia and their cards that were issued in Russia stopped functioning abroad, the value of Mir cards for Russians significantly increased this year.

Mir, which in Russian means both “peace” and “world,” is recognized by Cuba, South Korea, Turkey, Vietnam, and a small number of former Soviet countries; Iran plans to do the same soon.

Mir cards and other NSPK services will continue to operate normally in Russia, according to the central bank.

The Bank of Russia, pictured here in Moscow, Russia, on March 29, 2021, has expanded the reach of its bank card Mir to former Soviet republics like Cuba, Turkey and South Korea.

The central bank stated that “foreign partners themselves take judgments on opening their infrastructure to accept Mir cards.” At the same time, we want to keep talking about extending the areas where Mir cards are accepted.

The U.S. Treasury announced that it has placed 22 people on a blacklist, including four bank executives, whose acts could either directly or indirectly support Russia’s war effort by assisting it in evading financial sanctions put in place after the invasion.

The leader of NSPK, Vladimir Komlev, was identified as one of those four.
Out of concern for U.S. and European sanctions, Russia developed its own state-run card payment system in 2014, according to the Treasury.
The Mir network has been supported by Komlev in his capacity as such in other nations, which ultimately could help Russia evade international sanctions.
An inquiry for comment from Reuters was not immediately answered by NSPK.
Ahead of a looming EU deadline, Germany seizes control of three Russian-owned oil refineries.

Moscow claims that what it refers to as a “special military operation” in Ukraine was required to defend Russian-speakers and stop its neighbor from being used as a platform for Western aggression. These ideas are rejected by Kiev and its Western backers as flimsy justifications for an aggressive war in the imperial tradition.

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