Islamic State claims responsibility for attack on Russian Guard base in ChechnyaWorld March 24, 18:51
Eurovision organizers set to find solution for Russia's contestant to perfom in KievWorld March 24, 18:46
Russia’s Airborne Force wraps up large-scale drills in CrimeaMilitary & Defense March 24, 18:20
Russia may start Ka-52 attack helicopter deliveries to Egypt in 2nd half of yearMilitary & Defense March 24, 17:21
Ex-Russian MP’s suspected assassin’s ‘double’ pops up in UkraineWorld March 24, 16:59
Photos of the week: Putin at the theater, Trump behind the wheel and Erdogan playing ballSociety & Culture March 24, 16:39
Bank of Russia points to ruble cutting its 'oil dependency'Business & Economy March 24, 16:33
Legendary Soviet test pilot Mikoyan passes away at 94Military & Defense March 24, 16:22
Russian Aerospace Force received 16 Su-34 fighter bombers in 2016Military & Defense March 24, 16:06
A contestant must be registered with the central bank of Russia and must have its own local processing service centre, according to the statement.
In May, President Vladimir Putin signed a law to establish a national payment system after Visa and MasterCard blocked servicing of some Russian banks’ cards in line with the US and EU sanctions against the country.
Soon after the new law was signed, Visa and MasterCard were told to pay deposits amounting to hundreds of millions of dollars with Russia’s Central Bank in order to continue operating in the country. The companies and Russian authorities later agreed that Visa and MasterCard will establish affiliates in Russia and pay no deposits.