Kyrgyz banks stop working with Mir cards due to sanctions

02.12.2022,15:04


December 2, Fineko/abc.az. Several Kyrgyz banks that stopped servicing Russian Mir payment cards took such measures for fear of falling under sanctions from US financial organizations.

ABC.AZ reports that Kayyp Kulenbekov, deputy head of the National Bank of Kyrgyzstan, stated about this during his today’s speech in the parliament.

"Such sanctions may affect the servicing of correspondent accounts of our banks abroad," he explained.

For this reason, he added, the full-fledged activity of Kyrgyz banks may seriously suffer due to cooperation with the Mir payment system.

At that, the National Bank of Kyrgyzstan did not exert any pressure on the decisions made by commercial banks regarding the Mir cards.

"The decision to suspend the service of Russian cards was made by banks independently, taking into account the existing risks," Kulenbekov specified.