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Companies restricting their payment systems’ operation in Russia to lose market

"However, this is not our decision, we have to protect our interests, and we will do that," Russia's President Vladimir Putin added

NOVO-OGARYOVO, March 27. /ITAR-TASS/. The decision by a number of foreign companies to restrict the operation of their payment systems in Russia will be unprofitable for them, Russian President Vladimir Putin said Thursday.

“It’s a pity that some companies made the decision on these restrictions. I think it will cause them to lose certain segments of the market, a rather profitable market,” Putin said at a meeting with members of the upper house of Russia’s parliament, the Federation Council.

“However, this is not our decision, we have to protect our interests, and we will do that [establish a national payment system],” he said.