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Russia's Mir payment system starts working in Venezuela — Novak

According to the Russian deputy prime minister, the volume of bilateral trade between Moscow and Caracas has increased by 77% over the past five years

MOSCOW, 16 October. /TASS/. Russia's Mir payment system started working in Venezuela with 81,000 payment terminals, Russian Deputy Prime Minister Alexander Novak said following the results of the seventeenth meeting of the Russian-Venezuelan intergovernmental commission.

"The Mir card is now working on the territory of Venezuela with more than 80,000 terminals," he said.

President of the Central Bank of Venezuela, Jose Ortega Sanchez, in turn, said that Mir payment cards can be used throughout Venezuela, but for now only through the Bank of Venezuela's terminals. "Yes, but with restrictions," he said in response to a question about the operation of Mir payment cards throughout the country. "For now, the cards can only be used in Bank of Venezuela terminals, and we are trying to ensure that these terminals are located in tourist areas," he added.

According to Novak, the volume of bilateral trade between Russia and Venezuela has increased by 77% over the past five years. The possibility of establishing a Russian-Venezuelan business council is being considered to strengthen cooperation between business circles and promote business initiatives, the Deputy Prime Minister said.

Russia and Venezuela are also gaining experience in the pharmaceutical industry and healthcare cooperation, fertilisers, automotive equipment and pharmaceuticals are being supplied, Novak added. "Eleven Russian medicines and vaccines have been registered in Venezuela since 2020, with over 32 mln doses delivered," he added.