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Turkey's Denizbank says it's unable to provide service in Russia's Mir system

Turkey's Denizbank says it's unable to provide service in Russia's Mir system
Turkey's Denizbank says it's unable to provide service in Russia's Mir system Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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ISTANBUL - Turkish lender Denizbank said on Monday it was not able to provide service in the Russian payments system Mir, becoming the second lender to suspend such business after a U.S. crackdown on those accused of helping Moscow skirt sanctions.

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"We are currenly unable to provide service," a bank spokesperson said when asked about Mir.

Earlier on Monday, Isbank said it suspended use of the payments system as it evaluated the U.S. Treasury's announcement last week of sanctions on the head of the Russian entity runnig Mir.

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