Vakıfbank did not change the use of ‘Mir’

Published by
Peter Kavinsky

Last week, it was stated in the British press that the USA and the EU were preparing to increase the pressure on Turkey in this regard.

According to the news published in the Financial Times and based on two officials from Western countries, the US and the EU are worried that the banking sector in Turkey will become an area where illegal financial transactions will be carried out and that Russia will open a channel in which to violate the sanctions.

According to the news, Western officials stated that the United States focused on Turkish banks, which are included in Russia’s local payment system called Mir, while Brussels formed a delegation to directly convey its concerns to Turkish officials.

Vakıfbank, Ziraat Bank, İş Bank, Denizbank and Halkbank, which are among the biggest banks in Turkey, were among the banks included in the Mir system.

Mir was developed by the Central Bank of Russia as an alternative to Visa and Mastercard.

Peter Kavinsky

Peter Kavinsky is the Executive Editor at

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