The ex-daughter of Sberbank in Kazakhstan explained the situation with Mir cards

Bereke Bank, a former subsidiary of the Russian Sberbank, continues to issue cash from Mir cards of non-sanctioned banks, RBC was told in the press service of the credit institution.

“In accordance with the sanctions policy, the bank does not have business relations with persons under sanctions. Servicing of Mir cards issued by non-sanctioned Russian banks is carried out at ATMs and bank terminals without changes,” the press service said.

Bereke explained that they also continue to service previously issued Mir cards outside of Kazakhstan in the network of non-sanctioned banks connected to this payment system. “At the same time, when making transactions with Mir cards, the restrictions recommended by national and international regulators and previously established by the bank on the amounts and purposes of transactions sufficient to ensure the life of the client in the Republic of Kazakhstan and abroad continue to apply,” the bank noted.

Banks of Kazakhstan received US permissionon operations with Mir cards Finance

The press service recalled that in March they expect the removal of sanctions from Bereke Bank by the US Department of the Treasury's Office of Foreign Assets Control (OFAC).

On the eve of vc.ru, with reference to the support service, Bereke reported that from March 6 (on this day sanctions should cease to apply. -) it will not be possible to withdraw money from Mir cards issued by Russian banks under blocking sanctions. Prior to this, ATMs accepted cards and issued tenge when withdrawing from ruble accounts, the publication noted.

Earlier, The Wall Street Journal and REUTERS reported that the US Treasury decided to lift the sanctions imposed on Bereke Bank in Kazakhstan, since it ceased to belong to a Russian organization (the Kazakh holding Baiterek announced the purchase of a subsidiary of Sber in August last year). Sanctions against this bank will cease to operate from March 6. Bereke Bank specified that the lifting of sanctions will allow the bank to return to work with foreign exchange transactions and resume correspondent relations with foreign banks.

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In December, OFAC allowed Kazakh banks to operate transactions with Mir cards.