State Duma in the Russian Federation adopted the law, prohibiting money transfers to Ukraine and other countries through foreign payments systems, on first reading. The draft law on amendments to bill "On national payment system" was prepared and submitted to State Duma by Vladislav Reznik, the MP from United Russia party, according to Interfax-Ukraine.
If the law is adopted on three readings, it will enter into force from the day of official publication.
This bill is an answer to ban against Russian payment systems in Ukraine, introduced in late October 2016, when Ukraine prohibited the activities of some Russian payments systems, including Zolotaya Korona and Unistream.