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Russia could be shut off VISA, MasterCard payment systems, - Putin's administration

Source : 112 Ukraine

This will not, however, affect the payments inside the Russian Federation, as they are conducted via the National System of Credit Cards
08:03, 14 April 2021

gazprom.ru

Russia could be disconnected from VISA and MasterCard payment systems due to the possible continuation of the Western sanctions policy. Dmitriy Peskov, the press secretary of Russian President said so in his commentary for Kommersant.

"We can definitely state one thing: a number of states aiming to deter Russia is using limitations of various sorts. These limitations appear in many forms; it's quite an unpredictable process, which is why one cannot rule out anything, considering such unfriendly - sometimes even hostile - forms of behavior against us", Peskov said  

The Press secretary of the Russian president claimed that the best way to avoid these risks is to create systems that compensate the absence of services or support formats of financial activity. He added that such a process is already underway in Russia.

Related: Issuance, service of Visa, MasterCard completely stopped in annexed Crimea

Earlier, the Central Bank of the Russian Federation recommended smaller banks to get ready for possible disconnection from VISA and MasterCard.

In case of new U.S. sanctions against the biggest Russian banks and disconnection from VISA and MasterCard systems, it will not affect the payments inside the Russian Federation, as the payments are conducted via the National System of Credit Cards.

Related: Russia expects new sanctions and preparing to switch off Visa and MasterCard

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