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Turkey’s Isbank Suspends Use of Russian Mir Cards After US Warning

  • Decisions by Isbank and Denizbank follow US Treasury’s warning
  • Turkey has refrained from adopting sanctions targeting Russia
A branch of Turkiye Is Bankasi AS, also known as Isbank, in the financial district of Istanbul.

A branch of Turkiye Is Bankasi AS, also known as Isbank, in the financial district of Istanbul.

Photographer: Nicole Tung/Bloomberg
Updated on

Turkey’s largest private lender by assets and the local unit of Emirates NBD Bank PJSC stopped using a payment system popular among Russian tourists, following a warning by the US.

Turkiye Is Bankasi AS, known as Isbank, and Emirates NBD’s Denizbank suspended transactions through the Mir system, according to the lenders. Isbank is assessing the US Treasury’s recent statement, while Denizbank’s spokesman only said late Monday that the bank is “currently unable to provide services.”