IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Mar 2015 | Removal date: open ended
Still in force

Local operations

As of 31 March 2015 the Central Bank of Russia requires all credit card transactions within its territory to be processed by the JSC "National Payment Card System".
The JSC "National Payment Card System" was created in 2014 after that several Russian banks were affected by the US sanctions. Back then, international credit card providers such as Visa and MasterCard had stopped processing transactions.

AFFECTED COUNTRIES

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