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Iranian bank cards now usable in Russia as nations bypass sanctions


Claira

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Iranian bank cards are now operational in Russia as the two nations link their banking systems to bypass international sanctions. This arrangement allows Iranian cardholders to withdraw cash from ATMs in Russia and soon make in-store purchases, according to IRINN, a state news channel that broadcasts footage of a transaction conducted with an Iranian card in Moscow.

Connecting Iran's Shetab interbank network to the Russian system enabled collaboration, reducing reliance on the global SWIFT network, which has excluded Iranian banks since 2018.

https://www.jpost.com/middle-east/iran-news/article-829037

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Cool.  Russians can now get a good deal on Pistachios :lol:

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If run by sensible people, both Russia and Iran could both be economic powerhouses.  Currently thanks to sanctions and their corrupt dictatorships there is no chance of that ever happening.

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