Italian Foreign Ministry: It is necessary to assess conditions for returning to G8 formatWorld January 17, 20:04
Russia hopes ECHR will cancel its ruling on Dima Yakovlev Law — diplomatRussian Politics & Diplomacy January 17, 19:35
Preserving Moldova's neutrality impossible without partnership with Russia — presidentWorld January 17, 19:10
OPEC to monitor oil production, export — Saudi Arabian Energy MinisterBusiness & Economy January 17, 18:57
Group of Sukhoi-24M bombers to return from Syria soon — Defense MinistryMilitary & Defense January 17, 18:50
Russian reconciliation center reports over 1,130 Syrian settlements join ceasefireWorld January 17, 18:47
Over 5,000 Syrians get medical aid from Russian doctorsWorld January 17, 18:37
It is wrong to build Moldova-EU relations on anti-Russian rhetoric, president saysWorld January 17, 18:16
Nobody in Moldova will take risk of recognizing Crimea as part of Russia now — presidentWorld January 17, 17:56
“We will follow the schedule. We will analyze it, and if we see that they’ve failed to meet the terms even though they did everything possible - then we will consider such a possibility (of extending the deadline),” Moiseyev said.
In May, President Vladimir Putin signed a law ordering to establish a national payment system after Visa and MasterCard stopped servicing cards of some Russian banks as part of U.S. 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.Under the law, the systems must pay security deposits equaling 25% of their average daily turnover to the central bank by October 31 in order to continue operating in Russia, but the deposits can be reduced to zero if the systems find a partner among nationally important card operators.
On August 14, business daily Vedomosti reported citing sources that the central bank may extend the deadline when MasterCard and Visa must pay security deposits as none of them has chosen a partner to process cards in Russia to the beginning 2015 from October 31.