Uzbekistan halts use of Russia’s Mir payment cards By Reuters
Economy 46 minutes ago (Sep 23, 2022 14:31)
© Reuters. FILE PHOTO: CEO of Russian National Payment Card System (NSPK) Vladimir Komlev attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 16, 2022. REUTERS/Maxim Shemetov
TASHKENT (Reuters) – Uzbekistan’s UZCARD system has suspended the processing of payments via Mir cards issued by Bank of Russia’s National Card Payment System (NSPK), the chief executive of which has been targeted by U.S. sanctions.
The move by UZCARD was warranted by the need “to carry out the necessary technical procedures”, it said in a statement on Friday.
Sobirjon Mahmudov, head of public relations at UZCARD, said the decision had nothing to do with sanctions.
“The technical maintenance procedures are being carried out by our Uzbek partner bank which carries out payments, and it asked us to halt temporarily the payment processes due to their maintenance works.”
NSPK Chief Executive Vladimir Komlev declined to comment on UZCARD’s announcement.
Russia has promoted Mir as an alternative to Visa (NYSE:V) and MasterCard, which shut off their Russian networks after Moscow sent troops into Ukraine in February.
The United States last week issued sanctions against NSPK’s Komlev, saying it was seeking to hold the Russian government accountable for its Feb. 24 invasion and continuing war against Ukraine.
Shortly afterwards, Turkish banks Denizbank and Isbank suspended the use of Mir.
Uzbekistan halts use of Russia’s Mir payment cards
WARSAW (Reuters) -Poland could raise interest rates by 200 to 400 basis points more, central banker Joanna Tyrowicz was quoted as saying on Friday, striking a hawkish tone at a…
(Bloomberg) — Turkeys for Thanksgiving are at record high prices, mostly due to an unexpected resurgence of bird flu sweeping across the US.
Avian influenza is…
LONDON (Reuters) – Britain’s budget deficit looks set to rise to 8% of gross domestic product during the current financial year, the National Institute of Economic and Social…
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.