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Turkish Banks Are Adopting Russian Payments System, Erdogan Says

Recep Tayyip Erdogan and Vladimir Putin during a meeting in Sochi, on Aug. 5.
Recep Tayyip Erdogan and Vladimir Putin during a meeting in Sochi, on Aug. 5.

Photographer: Vyacheslav Prokofev/AFP/Getty Images

Five Turkish banks have adopted Russia’s Mir payments system, Turkey’s President Recep Tayyip Erdogan said on his return from talks with President Vladimir Putin in the Black Sea resort of Sochi. 

There are serious developments regarding the work that Turkish banks are doing on Russia’s Mir card, Turkey’s state-run Anadolu Agency cited Erdogan as saying on the plane. That’s a relief for both Russian tourists and Turkey, he told reporters.