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Egypt, Russia
Cairo poised to adopt alternative Russian payment system to sidestep sanctions

Following the invasion of Ukraine and ensuing sanctions on Moscow, Visa and Mastercard bank cards issued in Russia no longer work outside the country. In order to keep attracting Russian tourists despite this ban, Egyptian banks have decided to take on the former's payment system, Mir. [...]
Published on 29.08.2022 at 05:00 GMT Reading time 3 minutes
Finance, Business

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