Turkey’s Ziraat Bank suspends use of Russian Mir payment system -CEO By Reuters


© Reuters. FILE PHOTO: Turkey’s Ziraat Bank tower is seen in Sarajevo, Bosnia and Herzegovina, May 16, 2018. Picture taken May 16, 2018. REUTERS/Dado Ruvic

ISTANBUL (Reuters) – Turkey’s state lender Ziraat Bank has suspended the use of the Russian Mir payment, its chief executive Alpaslan Cakar told Reuters on Thursday, as the U.S. cracks down on those accused of helping Moscow skirt sanctions.

Western nations have been growing concerned over increased economic ties between Turkey and Russia, diplomats say, particularly after several meetings between President Tayyip Erdogan and his Russian counterpart Vladimir Putin.

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