Media: “Erdogan is looking for an alternative for Russia’s pay system Mir”

President Tayyip Erdogan plans to hold a meeting with an economic agenda in Istanbul tomorrow. According to Bloomberg, citing a senior official, Erdogan will meet with senior officials at the meeting and look for an alternative for Russia’s local pay system Mir.

According to a report published in the Financial Times last week, the US and the EU were concerned that the banking sector in Turkey would become an area for conducting irregular financial transactions and that Russia would open a channel through which it would violate sanctions.

According to the news, Western officials said that the US paid attention to Turkish banks involved in Russia’s local payment system called Mir, while the EU formed a delegation to directly convey its concerns to the Turkish authorities.

Vakıfbank, one of the largest banks in Turkey, Ziraat Bank, Iş Bank, Denizbank and Halkbank were among the banks included in the Mir system. While Işbank and Denizbank have exited the Mir system, no steps have yet been taken in this direction from other banks.

Mir was developed by the Central Bank of Russia as an alternative to Visa and Mastercard.

ERDOGAN TO HOLD ECONOMY MEETING AFTER RETURN FROM USA

Erdogan plans to hold a meeting with an economic agenda in Istanbul tomorrow. Sources who informed the Reuters agency stated that agreements with Russia, the general situation in the economy, the turmoil in the Istanbul Stock Exchange, sanctions and Mir issues would be on the agenda at the meeting.

Based on information provided by a senior official, alternatives to the Mir system, which is popular among Russian tourists, will be discussed at tomorrow’s meeting. The meeting will be held in Moscow on Dec.

In the news which said that Erdogan was looking for an alternative in this direction, it was also stated that the exit of Işbank and Denizbank from Mir had put state-owned banks in a difficult situation.