https://sputnikglobe.com/20220920/us-illegally-imposes-unilateral-decisions-on-other-countries-with-sanctions-threats-economist-says-1101019800.html
US Illegally Imposes Unilateral Decisions on Other Countries With Sanctions Threats, Economist Says
US Illegally Imposes Unilateral Decisions on Other Countries With Sanctions Threats, Economist Says
Sputnik International
Upon imposing the first round of sanctions against Russia over the start of its special military operation in Ukraine, the US vowed to collapse the country's... 20.09.2022, Sputnik International
2022-09-20T18:23+0000
2022-09-20T18:23+0000
2022-09-20T18:23+0000
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mir payment system
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Several Turkish banks recently announced that they would stop servicing Russian credit and debit cards working on the Mir payment system. The decision came in light of recent statements by the US that it will economically punish entities helping Russia to circumvent western sanctions – namely via the Mir payment system, widely used by ordinary Russians travelling to Turkey as tourists.US Treasury Assistant Secretary Elizabeth Rosenberg said on September 20 that Washington will continue to work with Turkey to close "vulnerabilities" in the sanctions system such as the use of Mir cards. Economics observer Recеp Burçin Turkish claimed that this constitutes Washington illegally imposing its own policies on foreign countries.The economist points out that US meddling in the cooperation on tourism between the two countries is also illegal since the UN never imposed sanctions against Russia.What Can Turkey and Russia Do Over the Mir System Block?Recеp Burçin continued that Turkish banks were forced to ditch the Russian Mir payment system to avoid harsh consequences for their financial systems in case the US decided to deliver on its sanctions threats. He stressed that the Turkish financial system is closely intertwined and supported by Washington.However, not all is lost for the Russian tourists, the economist believes. Tourism will have to find another way to overcome this obstacle. While Russian authorities advise their citizens to bring more cash to Turkey, Recеp Burçin thinks that the salvation may come in the form of the Turkish Troy payment system.Another option is to pay with cryptocurrencies, Burçin noted, while adding that such services are not yet broadly available in the country.
https://sputnikglobe.com/20220920/us-senators-seek-to-enforce-cap-on-russia-oil-prices-through-secondary-sanctions-report-says-1101012273.html
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turkiye, russia, mir payment system, us
US Illegally Imposes Unilateral Decisions on Other Countries With Sanctions Threats, Economist Says
Upon imposing the first round of sanctions against Russia over the start of its special military operation in Ukraine, the US vowed to collapse the country's economy and fight all attempts to circumvent the measures. The Russian economy has not budged under the pressure since.
Several Turkish banks recently announced that they would stop servicing Russian credit and debit cards working on the
Mir payment system. The decision came in light of recent statements by the US that it will economically punish entities helping Russia to circumvent western sanctions – namely via the Mir payment system, widely used by ordinary Russians travelling to Turkey as tourists.
US Treasury Assistant Secretary Elizabeth Rosenberg said on September 20 that Washington will continue to work with Turkey to close "vulnerabilities"
in the sanctions system such as the use of Mir cards. Economics observer Recеp Burçin Turkish claimed that this constitutes Washington illegally imposing its own policies on foreign countries.
"The Mir payment system in Turkey is mainly used by Russian tourists. Tourism is a peaceful sphere, and freedom of movement is one of the inalienable human rights. The US does not have the right to influence or infringe upon these basic rights and freedoms in any way," Recеp Burçin explained.
The economist points out that US meddling in the cooperation on tourism between the two countries is also illegal since the UN never imposed sanctions against Russia.
What Can Turkey and Russia Do Over the Mir System Block?
Recеp Burçin continued that Turkish banks were forced to ditch the Russian Mir payment system to avoid harsh
consequences for their financial systems in case the US decided to deliver on its sanctions threats. He stressed that the Turkish financial system is closely intertwined and supported by Washington.
However, not all is lost for the Russian tourists, the economist believes. Tourism will have to find another way to overcome this obstacle. While Russian authorities advise their citizens to bring more cash to Turkey, Recеp Burçin thinks that the salvation may come in the form of the Turkish Troy payment system.
20 September 2022, 13:57 GMT
Another option is to pay with cryptocurrencies, Burçin noted, while adding that such services are not yet broadly available in the country.
