The decision follows the threat of sanctions from Washington Turkey’s Isbank and Denizbank announced on Monday they have halted the use of Russia’s Mir payment system following a warning from Washington that financial institutions risk secondary sanctions if they help Moscow bypass US penalties. The banks confirmed their decision to Russia’s RIA Novosti news agency. Isbank also explained to Bloomberg that its decision follows the US Treasury's statement on the subject. Last week, the US Treasury's Office of Foreign Assets Control (OFAC) announced that it was ready to impose sanctions on any institution outside Rus
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