fbpx

Type to search

Ukraine Asks Vietnam, Central Asia to Ban Russia Payments

The National Bank of Ukraine said it had asked the banks to stop accepting Mir cards in their ATMs and to make it impossible to use these cards


Israel
Ukraine's foreign minister apologised after accusing Israel's flag-carrier airline El Al of continuing to accept payments through Mir. Photo: Reuters.

 

Ukraine’s central bank on Wednesday asked central banks in Kazakhstan, Kyrgyzstan, Tajikistan and Vietnam to suspend all transactions with cards of Russia’s Mir payments system.

It also asked Armenia and Turkey to take similar moves.

In a statement, the National Bank of Ukraine said it had asked the banks to stop accepting Mir cards in their ATMs and to make it impossible to use these cards in e-commerce and person-to-person transfers.

“This appeal comes amid the urgent need to scale up global financial pressure on the aggressor country as it proceeds with its assault on Ukraine,” the statement said.

On Monday, Ukraine’s foreign minister apologised after accusing Israel’s flag-carrier airline El Al of continuing to accept payments through Mir.

Dmytro Kuleba said the use of the payment system was “immoral and a blow to Ukrainian-Israeli relations”.

However, El Al said it had banned Mir payments since February 28. 

 

  • Reuters, with additional editing by George Russell

 

READ MORE:

Russian Banks Seek Tie-Up With China’s UnionPay After Card Ban

China’s Tencent to Cut Fee on WeChat Payments for SMEs

Russia’s FESCO to Accept Yuan Payments as Sanctions Bite

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.