Putin suggests 'Mir' payment system for Turkey

Russian President Vladimir Putin, during President Recep Tayyip Erdoğan's Moscow visit, brought a proposal that Turkey should build the infrastructure of the "Mir" payment system of Russia. Is this possible? This system was established in 2015 covering local credit card payments in the Russian ruble. If Turkey forms the infrastructure of this system, it means that payment clearings of this system will be able to be done directly between the two countries. This is apparently an effort to use local currencies in mutual trade.  

Mir, as the Troy national payment system here, is a joint card payment system enabling credit card debts to be swapped domestically. It does not have international interchangeability as Mastercard or Visa does. The aim of forming Mir is exactly this; to bypass these two international payment systems. 

This system was established to counter sanctions imposed due to the Ukraine crisis when Russian banks were denied service by international credit card payment systems. This local credit card payment system was named Mir, meaning both "world" and "peace" in Russian. 

The infrastructure of Mir to be formed in Turkey is not an ordinary technical proposal. Its logo and all the credit cards issued under it should be accepted in Turkish workplaces. It should be valid in ATMs and POS machines. The interchange should be made possible between buyers and sellers in Turkey and Russia, so that all credit cards in the system are accepted. 

The addressee of Mir's infrastructure in Turkey is Interbank Card Center (BKM). Russian tourists in Turkey will use this system. Very simply, this is for the annual 4.7 million Russian tourists visiting Turkey and spending an average of $3.5 billion who will be able to pay their debts in...