Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
Experts say rising military spending to push Europe to reconsider NATO’s roleRussian Politics & Diplomacy May 24, 17:56
Poll shows 25% of Russians expect headway in ties with France during Macron’s presidencySociety & Culture May 24, 17:33
Former Finnish PM points to signs of improvement in Russia-West relationsWorld May 24, 17:20
Russia's legendary Su-27 jet fighter marks the 40th anniversary of its first flightMilitary & Defense May 24, 17:19
Russian lawmaker comments on US decision to end military subsidies to UkraineRussian Politics & Diplomacy May 24, 16:30
Nine Russian missile regiments rearmed with advanced ICBM systemsMilitary & Defense May 24, 16:01
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.