Sep 20, 2022
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The collective West wants to declare total war on the “World”

The collective West wants to declare total war on the

Photo: Alexander Ryumin / TASS

The European Union does not exclude the imposition of sanctions against the Russian payment system “Mir” if Russia does not stop NWO in Ukraine. As the representative of the EU stated Peter Stano, discussions about this are ongoing, although they are confidential.

“I do not exclude this, any sanctions measures are possible,” he answered Izvestia when asked if the EU is preparing to follow the example of the United States and impose sanctions against the leadership of the NSPK or the Mir payment system.

Earlier, the Financial Times, citing Western officials, wrote that the US and the EU are trying to put pressure on Turkish banks that work with the Russian Mir payment system. However, Washington threatens not only Turkish, but also any foreign credit organizations that plan to start working with this system.

“We will make it very clear that, for example, third-country financial institutions should not connect to the Mir payment system, because, as you know, this involves some risks of evading sanctions,” the newspaper quoted one of the officials as saying.

Indirect evidence of the pressure was the refusal of some Turkish hotels to work with Mir cards, although there is no mass refusal now, and they hastened to refute information about the problems. In addition, on September 16, the United States imposed sanctions against the CEO of the National Payment Card System Vladimir Komlev, which controls the Mir system.

So far, neither Mir nor NSPK appear on the sanctions lists. Brussels intends to send its representatives to Ankara in October to discuss these issues.

Despite the US and EU threats, more and more countries are expressing their desire to work with the MIR system. By the end of the year, they plan to start using the system in Cuba, in a number of countries in Southeast Asia, the Middle East, Africa, and Latin America.

– Any sanctions can be introduced, we should not be surprised at anything. The question is one thing – how significant these sanctions will be, – noted Doctor of Economics, Professor Alexander Safonov. — Within the Russian Federation, this payment system is absolutely sovereign. In addition, it can be applied in China and other countries.

First of all, this warning attempt (on the part of the EU and the US – ed.) is designed for countries that have already joined the sanctions against Russia: that there can be no detours. As for the countries that have not joined, the question is how, in this case, is it possible to prevent money exchange through a system that is not controlled by Western companies and is not located with them?

It is possible to limit the use of the Mir system in Western banks, but in those banks that will work directly with Russia, this is difficult to do. Some independent banks can be created that will work with our country and will not be included in the Visa or MasterCard systems, other systems, but will work only with our system. There are many options for getting around.

This is just another attempt to prevent the development of our payment system, because it, in fact, becomes a competitor to Western payment systems.

“SP”: – Now many countries have joined or are planning to join our payment system. In your opinion, does the Mir system have a chance to become sufficiently developed and actually become an alternative to Western ones?

— It will develop, but we must understand that the development of any system involves quite serious actions in terms of creating infrastructure. It’s not so easy that we signed an agreement and drove off. This is the creation of appropriate software products, their development, the creation of a system related to the repayment of debts, if they arise as part of the exchange of currencies. This is a rather lengthy and complex process.

Assuming that tomorrow all countries will suddenly start working – of course, this will not happen. This is a gradual progressive development.

Head of the Macroeconomic Analysis Department of FG Finam Olga Belenkaya recalls that the cards of the Russian payment system “Mir”, as you know, are not accepted in the EU countries.

— They are now accepted in 11 countries: Turkey, Vietnam, South Korea, Armenia, Uzbekistan, Belarus, Kyrgyzstan, Tajikistan, Kazakhstan, South Ossetia and Abkhazia. According to media reports, the Central Bank of the Russian Federation intends to expand this list to 20 countries by 2025 and to 35 by 2030. In this regard, it is important for Russian tourists whether they will continue to accept the Mir card in these countries, because. international Visa and MasterCard cards of Russian banks have not been working abroad since March, and Mir is actually the only alternative to currency cash if there is no foreign bank card.

“SP”: – What is the likelihood of imposing sanctions against the Mir system and what could be its consequences?

– Most likely, if the US and the EU impose sanctions against the Mir payment system, decisions will be made at the level of individual banks in third countries. However, the EU sanctions, unlike the American ones, are not extraterritorial; do not entail secondary sanctions for their non-compliance by companies and banks of third countries.

“SP”: – The EU has close economic relations with Turkey, which is pursuing an increasingly independent policy. How will the attempt to impose sanctions against the Mir system used in Turkey affect these relations?

– Given the dependence of the local economy on the influx of Russian tourists, it is unlikely that Turkey will refuse to accept Mir cards (with the exception of cards from sanctioned banks, which still do not work there), but for large Turkish banks operating in international markets, this may become too risky. Perhaps these transactions will take place through small banks that are not dependent on Western restrictions, commissions may increase. If transactions with Mir cards are carried out in national currencies, they will be less transparent for American and European regulators.

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