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Iran to Start Accepting Russian Mir Payment Cards Soon

A photo taken on March 14, 2022, shows a Russian ruble coin and the Russian Mir payment system logo on a bank card in Moscow. (AFP via Getty Images)
A photo taken on March 14, 2022, shows a Russian ruble coin and the Russian Mir payment system logo on a bank card in Moscow. (AFP via Getty Images)
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Iran to Start Accepting Russian Mir Payment Cards Soon

A photo taken on March 14, 2022, shows a Russian ruble coin and the Russian Mir payment system logo on a bank card in Moscow. (AFP via Getty Images)
A photo taken on March 14, 2022, shows a Russian ruble coin and the Russian Mir payment system logo on a bank card in Moscow. (AFP via Getty Images)

Iran will soon start accepting payments made with Russia's Mir bank cards, a top official was quoted by Russia's RIA news agency as saying, making it the latest country to adopt the Russian-made alternative to Visa and Mastercard.

"I think this payment system will be activated in Iran soon," RIA quoted Iranian Deputy Foreign Minister for Economic Diplomacy Medhi Safari as saying on Wednesday.

Moscow has acted to forge close ties with Tehran since it sent tens of thousands of troops into Ukraine on Feb. 24 as the Kremlin, decried as a pariah in the West, attempts to build new economic and diplomatic partnerships elsewhere.

South Korea and Cuba have also recently started accepting Mir - which means both "peace" and "world" in Russian. The cards also work in popular tourist destinations Turkey and Vietnam and some former Soviet republics.

Both Russia and Iran are under heavy US and European Union sanctions that have blocked their access to key parts of the global financial infrastructure.

The two are also working to create a rival to the SWIFT payments messaging service that underpins cross-border payments across the global economy, Safari said. Several Russian banks have been ejected from Belgium-based SWIFT since Feb. 24.

"Countries that want to de-dollarize their transactions must have a special system similar to SWIFT," RIA quoted Safari as saying.

"The Iranian and Russian sides have each proposed an option...We have reached a very good agreement on the basis of which we can carry out currency transactions between the two countries."

Russian cards issued by Visa and Mastercard stopped functioning overseas after the world's two largest payment processing networks suspended operations in early March.

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World

Israel Defense Minister Says Struck Iran's Largest Petrochemical Facility

A satellite image shows a closer view of the Natanz Nuclear Facility with new building damage, amid the US-Israeli conflict with Iran, near Natanz, Iran, March 2, 2026. (Vantor/Handout via Reuters)
A satellite image shows a closer view of the Natanz Nuclear Facility with new building damage, amid the US-Israeli conflict with Iran, near Natanz, Iran, March 2, 2026. (Vantor/Handout via Reuters)
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Israel Defense Minister Says Struck Iran's Largest Petrochemical Facility

A satellite image shows a closer view of the Natanz Nuclear Facility with new building damage, amid the US-Israeli conflict with Iran, near Natanz, Iran, March 2, 2026. (Vantor/Handout via Reuters)
A satellite image shows a closer view of the Natanz Nuclear Facility with new building damage, amid the US-Israeli conflict with Iran, near Natanz, Iran, March 2, 2026. (Vantor/Handout via Reuters)

Defense Minister Israel Katz said Monday that Israel had conducted a "powerful strike" on Iran's largest petrochemical complex, after Iranian media reported multiple explosions at the site.

The military "just carried out a powerful strike on Iran's largest petrochemical facility, located in Asaluyeh -- a central target responsible for about 50 percent of the country's petrochemical production", Katz said in a video statement.

Israel carried out a similar strike on the Mahshahr Petrochemical Special Zone in southwest Khuzestan province on Saturday, a local Iranian official said, adding that five people were killed, AFP reported.

"At this point, the two facilities, which together account for roughly 85 percent of Iran's petrochemical exports, have been taken out of operation and are no longer functioning," Katz said.

"This represents a severe economic blow amounting to tens of billions of dollars to the Iranian regime."

Israel also carried out strikes last month on gas facilities at the South Pars Special Economic Zone in Asaluyeh.

The South Pars/North Dome mega-field -- the largest known natural gas reserve in the world -- is shared between Iran and Qatar.

In recent days, Israel has targeted key industrial sectors as part of the ongoing military campaign against Iran.

On Friday, Israeli Prime Minister Benjamin Netanyahu said Israeli strikes had destroyed around 70 percent of Iran's steel production capacity, significantly undermining Tehran's ability to manufacture weapons.

Steel is a strategically important material used in industrial and military production, including for missiles, drones and ships.

Katz said he and Netanyahu had ordered the military "to continue striking with full force Iran's national infrastructure".

World

Israel Says to Boost Production of Arrow Missile Interceptors

Emergency personnel carry a body at the site of a projectile impact, as the US-Israeli conflict with Iran continues, in Haifa, Israel, April 6, 2026. REUTERS/Shir Torem
Emergency personnel carry a body at the site of a projectile impact, as the US-Israeli conflict with Iran continues, in Haifa, Israel, April 6, 2026. REUTERS/Shir Torem
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Israel Says to Boost Production of Arrow Missile Interceptors

Emergency personnel carry a body at the site of a projectile impact, as the US-Israeli conflict with Iran continues, in Haifa, Israel, April 6, 2026. REUTERS/Shir Torem
Emergency personnel carry a body at the site of a projectile impact, as the US-Israeli conflict with Iran continues, in Haifa, Israel, April 6, 2026. REUTERS/Shir Torem

Israel's defense ministry on Monday said it plans to accelerate production of Arrow missile interceptors, as it fights a war with Iran.

The announcement came after questions emerged in the international media over how long Israel's interceptor stocks would last, with some analysts pointing to shortages of Arrow interceptors in particular.

Israel has a multi-layered air defense array, with a variety of systems intercepting threats at different altitudes.

The top tier consists of the anti-ballistic missile Arrow systems, with Arrow 2 operating both within the Earth's atmosphere and in space and Arrow 3 intercepting above the Earth's atmosphere.

"The Ministerial Committee for Procurement has approved the Israel Ministry of Defense (IMOD) plan for a major additional acceleration of Arrow interceptor production," AFP quoted a defense ministry statement as saying.

It added that the plan would enable "a significant increase in both the production rate and stockpile of Arrow interceptors as part of preparations for the evolving campaign".

Defense Minister Israel Katz was quoted in the statement as saying that "Israel has sufficient interceptors to protect its citizens, and this initiative is designed to ensure continued freedom of action and the sustained operational endurance we require."

Each Arrow 2 interceptor costs an estimated $1.5 million, with Arrow 3s around $2 million.

World

Iran Says US Airman Rescue May Have Been Cover to ‘Steal Enriched Uranium’

A still image purporting to show smoke rising from the site of the US aircraft destroyed during the US mission to find a stranded airman in Iran, the Revolutionary Guards said according to Iranian media, amid the US-Israeli conflict with Iran, in Isfahan, Iran, released on April 5, 2026. (Social Media/via Reuters)
A still image purporting to show smoke rising from the site of the US aircraft destroyed during the US mission to find a stranded airman in Iran, the Revolutionary Guards said according to Iranian media, amid the US-Israeli conflict with Iran, in Isfahan, Iran, released on April 5, 2026. (Social Media/via Reuters)
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Iran Says US Airman Rescue May Have Been Cover to ‘Steal Enriched Uranium’

A still image purporting to show smoke rising from the site of the US aircraft destroyed during the US mission to find a stranded airman in Iran, the Revolutionary Guards said according to Iranian media, amid the US-Israeli conflict with Iran, in Isfahan, Iran, released on April 5, 2026. (Social Media/via Reuters)
A still image purporting to show smoke rising from the site of the US aircraft destroyed during the US mission to find a stranded airman in Iran, the Revolutionary Guards said according to Iranian media, amid the US-Israeli conflict with Iran, in Isfahan, Iran, released on April 5, 2026. (Social Media/via Reuters)

Iran's foreign ministry said on Monday that a US operation to rescue a downed airman may have been a cover to "steal enriched uranium" from the country.

On Sunday, President Donald Trump said the US recovered a second crew member of an F-15E that went down over Iran on Friday in what he called a "daring" search and rescue operation.

Iran's military has called it "a deception and escape mission", insisting it was "completely foiled".

On Monday, Iran's foreign ministry spokesman Esmaeil Baqaei said there were "many questions and uncertainties" about the operation.

"The area where the American pilot was claimed to be present in Kohgiluyeh and Boyer-Ahmad Province is a long way from the area where they attempted to land or wanted to land their forces in central Iran," Baqaei said.

"The possibility that this was a deception operation to steal enriched uranium should not be ignored at all."

He added that the operation was "a disaster" for the United States.

Iran's military said several US aircraft had to "make emergency landings" in southern Isfahan province after being hit during the mission, with the US "forced to heavily bombard the downed aircraft" as a result.