Russia’s Mir forced into retreat

russia-ruble-note

Banks and payment systems across much of Asia have been disconnecting from Russia’s Mir payment card system as the US threatens sanctions.

The US Treasury Department issued a warning against associating with Mir on September 15 and sanctioned its parent company’s CEO.

On September 30, the US Treasury added the governor of the Bank of Russia, Elvira Nabiullina, and her first deputy, Olga Skorobogatova to its sanctions lists.

Skorobogatova, the US notes, “is responsible for the oversight of

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