© AP Photo / Mark Lennihan, File
MOSCOW, December 26 – RIA Novosti. The two largest international payment system – Visa and MasterCard – decided to suspend the cards of Russian banks operating in the territory of Crimea, because of US sanctions.
© AP Photo / Pavel Golovkin
The Bank of Russia argues that banks in Crimea continue to operate as normal. Although de facto payment systems are not serviced by Cartier in Crimea after its entry into the Russian Federation, on Friday the company officially announced the termination of its work on a peninsula that spring joined the Russian Federation.
RNCB, the former “daughter” of the Bank of Moscow became the first Russian bank announced its intention to work in the Crimea. Later, there was the work of Moscow Genbank. Ruble transactions in the country also launched the Black Sea Bank for Reconstruction and Development (CHBRR) and the Bank “Sea”. According to the information on the site controller is currently working on a peninsula 31 banks.
After entering the Crimea in the Russian Federation, Ukraine is not recognized and most Western countries, the Ukrainian banks have started to massively leave the peninsula. The remaining players came under control of the Central Bank of the Russian Federation, which gave them time to rebuild the work before 2015.
Applications companies
© Fotobank.ru/ Getty Images
In accordance with US sanctions imposed against the Crimea December 19, 2014, Visa and MasterCard can not provide services and offer their products in the Crimea, said company on friday.
First of termination of service cards Crimean banks said the company Visa. “According to the US sanctions imposed against the Crimea 19 December 2014 decree number 13685, Visa currently can not provide services and offer their products in the Crimea. This means that we can no longer support the issuance and bank cards in the Crimea, and their service in ATM “, – explained the company.
After it with the same statement was made by the payment system MasterCard. “Due to US sanctions, announced against the Crimea, MasterCard notified the Russian banks on the need to suspend operations with the cards in the Crimea”, – the company said.
Last week in the media and social networks appeared unconfirmed information that the international payment systems may stop working in the Russian Federation. Rumors have been provoked by the intention of US President Barack Obama signed a bill to the economic blockade of the Crimea. Last week, Obama signed a document that prohibits any economic relations with the peninsula, which was a part of Russia. The decree applies to banks operating in the Crimea, as well as financial institutions, directly or indirectly engaged in transactions with the Crimea.
Background
The issue of security of domestic card transactions rose after the international Visa and MasterCard, in response to US sanctions against the bank “Russia”, as well as holders of SMP Bank, have ceased to carry out operations of clients of both banks. In this regard, the Russian authorities have set a task to organize mezhhostovye connections between all banks in the country, so that all cards issued in Russia will be accepted at all ATMs and POS-terminals in the country. In addition, the country was established NBTS, which has become a new operator of, controlled by the CBR.
translation of the international payment systems Visa and MasterCard processing at domestic operations on the territory of Russia is a condition of their acceptance nationally important payment systems that would free them from the payment of a security deposit. First proposed to exempt from this fee and penalty for non-payment of these funds to the Central Bank Visa and MasterCard unt il 31 October. However, later it became clear that in this period the payment systems do not keep within.
In early October, the State Duma deputies introduced a bill that postpones introduction of these security assessments for the second quarter of 2015. Payment systems that are fully switch to processing NBTS or nationally important payment system, can not form a security deposit.
How the US and the EU imposed sanctions against Russian politicians and businessmen
The Western countries from March several times already imposed sanctions against a number of Russian politicians, businessmen and companies because of the position of Russia in Ukraine. The last case of the use of such practices have become limited December, when the US President announced an economic blockade of the Crimea, and in the sanctions list has got a number of well-known figures from the Crimea and Ukraine to the east.
List of Russian citizens and companies previously fell under the sanctions – in the material RIA Novosti & gt; & gt;
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