Iran, Russia link bank card systems
Russian President Vladimir Putin shakes hands with Iranian President Ebrahim Raisi during a meeting on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Samarkand, Uzbekistan September 15, 2022. PHOTO: REUTERS
Iranian bank cards can now be used in Russia, state television reported, as the two countries linked their banking systems in the latest bid to counteract sanctions.
Iranian banks have been excluded since 2018 from the SWIFT international financial messaging service, which governs the vast majority of transactions worldwide.
The move is part of a raft of sanctions that were re-imposed on Iran after the United States withdrew from a landmark 2015 nuclear deal.
Iranian bank cards can now be used in Russia, state television channel IRINN said on Monday, showing the withdrawal of money using an Iranian bank card from an ATM in Russia.