Bloomberg: Mir payment system has suffered a big setback


Russia's international ambitions to create its own alternative to Visa and Mastercard have fizzled as even some of its closest allies have abandoned Russia's Mir payment system following US threats to impose sanctions on anyone who aids or supports its use. Writes about this agency Bloomberg.


Of the nine countries that signed a pact to implement the Mir system, which Russia created after the first wave of US restrictions in 2014, banks in six countries have abandoned its implementation just two months after the US Treasury Department issued a stern warning.

According to Bloomberg, Russia is surprised at the power of Washington's influence on international credit organizations, as well as on national banks, even in countries friendly to Russia. The leadership of the Bank of Russia is struggling to come up with alternatives, given Washington's large coverage of the entire global financial sector.

Russia was dealt three painful blows - from friendly Turkey to no less unpleasant from Tajikistan and Kyrgyzstan. Clearly, concerns about secondary sanctions outweigh interest in fee income.

Thus, for the first time in the West, they saw a really working sanction, albeit with an indirect impact. The analytical agency literally relishes the failures of the Mir payment system, painting countries that have refused or are about to refuse to use it.
  • Photos used: pixabay.com
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  1. Irek Offline Irek
    Irek (Paparazzi Kazan) 23 November 2022 09: 19
    +4
    Turkey is a prostitute, everything is clear with them, these are also on their own wave ....

  2. trampoline instructor (Cotriarch Peril) 23 November 2022 09: 28
    +1
    I don't really understand the reason for the noise. MIR was created as an alternative to Visa or Mastercard. It was not created for any foreign countries. Inside Russia, citizens can play this card until they pass out. And abroad, the best payment system is the US dollar.
  3. Dmitry Volkov Offline Dmitry Volkov
    Dmitry Volkov (Dmitry Volkov) 23 November 2022 09: 32
    +3
    Well, of course, the visa is filthy, they promoted it in one year ?, wait and the mattress covers themselves will start working on it laughing
  4. Sergey Latyshev (Serge) 23 November 2022 10: 18
    +3
    And what did they want? Capitalism. Card competition.
    WORLD with a penny turnover or the rest, with a turnover of billions ...
  5. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 23 November 2022 17: 08
    +3
    After the imposition of sanctions in 2014 and the blockade of transactions with a visa and a master card, its own payment system was created for transactions within the Russian Federation, which deprived the West of a powerful weapon to undermine the economy and social stability in the Russian Federation.
    The spread of the payment system in “friendly” state entities expectedly ran into opposition from visas and master cards, the threat of secondary sanctions, and most importantly, with the impact on the economy of “friendly” state entities of Western investments, which the Russian Federation cannot replace, and whoever pays orders the policy.
  6. Pilot Offline Pilot
    Pilot (Pilot) 23 November 2022 18: 59
    -1
    Who lost 350 yards of greenery? Why silence? They are now oh how needed by the army. Where is the first name? Silence like in the taiga. But I understand that as a result of the investigation, they can find themselves.
  7. Kapany3 Offline Kapany3
    Kapany3 28 November 2022 07: 54
    0
    Quote: Pilot
    Who lost 350 yards of greenery? Why silence? They are now oh how needed by the army. Where is the first name? Silence like in the taiga. But I understand that as a result of the investigation, they can find themselves.

    What does this have to do with it? Or the main thing is to throw on the fan the substance of which you are made?