New limits on microloans to kill off most micro lenders in Russia, say expertsBusiness & Economy July 25, 3:45
Lavrov says astonished to watch mass hysteria among US politiciansRussian Politics & Diplomacy July 25, 1:35
Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
Communist propaganda ban not aiming to dismantle Soviet WWII memorials, vows Polish envoyWorld July 24, 18:16
Situation with Siemens won’t affect Russian companies — energy ministerBusiness & Economy July 24, 18:11
Russian energy minister says oil prices may grow in 2017Business & Economy July 24, 17:31
Putin fills in Normandy Four on Russia’s approaches to key Minsk accord provisionsRussian Politics & Diplomacy July 24, 16:57
MOSCOW, December 26. /TASS/. International payment system Visa has shut off Crimean banks from its services due to sanctions the US imposed on the peninsula, the company said in a statement on Friday.
Due to the sanctions that the US government imposed on Crimea on December 19, Visa can no longer carry out its services and offer its products in Crimea, can no longer issue and process cards and service them in ATMs, the company said.
Russia’s Central Bank has said Crimean banks continue operating in a normal regime.
“Russian credit institutions operating in the Republic of Crimea and the federal city of Sevastopol are working as normal, providing access for private individuals and legal entities to banking services, including the opening of bank accounts, the transfer of funds across accounts, the acceptance and withdrawal of funds,” the Central Bank said in a statement.
Russia’s Minister for Crimean Affairs Oleg Savelyev earlier said Visa and MasterCard haven't actually been operating in Crimea since the March referendum on the peninsula’s self-determination.
“As of today, the Russian payment system is developing on the peninsula. It has actually been introduced,” he said.