Risk of US secondary sanctions forces banks in Kyrgyzstan and Kazakhstan to suspend financial ties and stop honoring Mir transfers The use of the Mir payment card, which operates through a Russian payments system, will no longer be possible in Kyrgyzstan and in most Kazakh banks, as the former Soviet republics face the risk of Ukraine-related sanctions. The Russian Mir payment card will stop working in Kyrgyzstan from Friday, April 5, the country’s local payments operator announced on Tuesday, saying that the nation’s payment infrastructure is exposed to the risk of secondary sanctions. Regulators in Kazakhstan ha
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