“It is expected that by the end of this year MIR can be used on the territory of Cuba,” he said in an interview with the Izvestia newspaper.

He noted that for Cuba this will be another way to expand the banking and financial system to other markets and facilitate financial transactions with Russia.

Earlier, Turkish President Recep Tayyip Erdogan, following talks in Sochi with Russian leader Vladimir Putin, said that there was serious progress in the use of Russian MIR cards in Turkey.