Kazakh banks are permitted to conduct payment operations through Russia’s “MIR” system

Декабрь 27, 2022

On 8 December 2022, the letter from the OFAC was received clarifying that the OFAC “has no objection to the use of bank cards of the "MIR" system by individuals, namely citizens who migrated from Russia to Kazakhstan to carry out transactions that support their vital activity”.

At the same time, the letter notes that transactions with “MIR” payment system will remain under special control in order to prevent its use to circumvent the Russian sanctions.