LPR hands over body of observer killed in land mine blast to OSCEWorld April 24, 9:39
How Arctic residents adapt to global warmingScience & Space April 24, 9:32
Reconstruction of two Arctic airports to cost some $4.9 millionBusiness & Economy April 24, 8:54
Emmanuel Macron and Marine Le Pen to face each other in runoffWorld April 24, 8:13
Danish defense minister accuses Russians of hacking into his staff’s emailsWorld April 24, 7:50
PROFILE: Emmanuel Macron poised to become France’s youngest presidentWorld April 24, 6:44
North Korea ready to carry out nuclear test at any time — expertsWorld April 24, 5:56
Swedish think tank puts Russia in world’s top three biggest defense spendersMilitary & Defense April 24, 4:35
Ukraine reconciliation meeting in Minsk postponed over OSCE car blastWorld April 24, 3:21
“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.