Daily Memo: Another Blow for Russia’s Mir, Indian-Russian Venture in Talks on Export Deals

Kyrgyz banks are the latest to stop accepting the Russian payment system.

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Suspending Mir. Two more Kyrgyz banks have decided to suspend servicing Russia’s Mir payment system. Bakai Bank and Doskredobank’s decision to stop accepting Mir cards followed a similar move by Kompanion bank last week. Kyrgyz banks have accepted Mir cards since 2019 but are now stepping back after the U.S. Treasury said it would impose […]

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