06.04.2015 - 04:59 [ Russia Insider ]

`Anti-Sanctions´ National Payment Card System Introduced in Russia

(1.4.) The Central Bank announced 1 April 2015 as the launch date for the National System of Payment Cards (NCPS) of the Russian Federation. This new system will operate inside Russia and control the issuing of bank cards connected with the international payment systems of Visa and MasterCard. This now means that the West will not be able to block the cards of Russians through the introduction of financial sanctions.