In Crimea stopped servicing of cards Visa and MasterCard

“GenBank”, part of a group of Bank “Russia” is under U.S. sanctions in 2015.

“GenBank”, part of a group of Bank “Russia” is under U.S. sanctions in 2015. Among shareholders of Bank “Russia” includes, in particular, present in the sanctions lists of the EU and USA associates of Russian President Vladimir Putin, Yuri Kovalchuk, Nikolai Shamalov Gennady Timchenko.

Visa and MasterCard in December 2014 announced the decommissioning work in Crimea, following the introduction of US sanctions banning American companies from providing services to firms from the annexed Peninsula.

Employee call center “GenBank” said that the decision on the termination of servicing cards of international payment systems made in connection with the fact that in 2014 in respect of the Russian banks sanctioned. She found it difficult to answer the question, why do Visa and MasterCard decided to block only now.

Several sources said earlier that the Crimean banks, despite the sanctions, pump out and serve cards of the international payment systems on the Peninsula. On the one hand, allowed them to do a stock of cards issued to sanctions, on the other hand, created by the Central Bank of the Russian Federation national system of payment cards (nvqs).

Service Visa and MasterCard banks from the sanctions list was made possible after the appearance in Russia in 2015 NBTS, which has transferred to their service transactions in Russia participants of all international payment systems, said the sources.

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