Photo: Evgeny Lisitsyn / “Kommersant”
The state Duma is going to consider the bill, which places new requirements on the operation of payment systems, writes “Kommersant”. Foreign systems, according to the document, banned to block payments banks that came under sanctions, which can lead to them pulling out of Russia and the limitations of the already released cards.
According to the newspaper, the initiative will be considered by the lower house of Parliament on July 23. The bill makes amendments to the law “About national payment system”. It introduced a new concept — the foreign payment system.
The international system, working now in Russia and registered at the Central Bank, under this definition do not fall. They have introduced the new responsibility of ensuring smooth conduct of payment cards of any Russian banks, including those that are under U.S. sanctions and the European Union.
In the case of the bill with international payment systems like Visa and MasterCard is 180 days on the adjustment of its rules. If after that any of the systems temporarily or permanently refuse service payments by the Russian banks, it can wait for removal from the registry of the Central Bank and a ban on work in Russia. In fact, from payment systems require not to comply with international sanctions in Russia.
According to the interviewed market participants, the international payment system legally will not be able to meet this requirement, since it must obey the rules of their parent organizations. In the implementation of a negative scenario — the departure of international systems from Russia — have issued their cards will not be served abroad, while foreign banks in Russia.
Video, photo All from Russia.