Russia’s President Vladimir Putin (R) shaking hands with Turkish President Recep Tayyip Erdogan (L) in Sochi. AFP

RIYADH, Broadcasting News Corporation : Around five Turkish banks have adopted Russia’s Mir payments system, Bloomberg reported, citing the country’s President, Recep Tayyip Erdogan. This came following his return from talks with President Vladimir Putin in the Black Sea resort of Sochi. Erdogan added that there are serious developments regarding the work that Turkish banks are doing on Russia’s Mir card. He explained that payment in rubles will be a source of financial support for both counties. Turkey has abstained from joining the US and European sanctions on Russia, although it has voiced its opposition to the invasion of Ukraine. News collected from ARAB NEWS.