🛡Freedom Finance ends its collaboration with MIR

🛡Freedom Finance ends its collaboration with MIR

The Kazakh bank🇰🇿 "Freedom Finance" has suspended operations with "MIR" cards. In December, Biden signed an order imposing secondary sanctions against foreign banks that conduct transactions with sanctioned persons. However, Kazakhstan is not the only GEO bordering Russia where banks have decided to protect themselves from such risks.

🔠 Context about NSPK: in December 2023, "MIR" cards for the first time occupied more than half of the Russian payment market.According to the results of the first nine months of that year, they constituted 52.5% of all card transsactions in Russia and 51.6% of all issued cards.
🔠 Among the possible restrictions under secondary sanctions is the prohibition of correspondent accounts in US banks or the total blocking of the property of foreign financial institutions in the US

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