05-07-2014, 04:33 PM
Russia Mulls Payment System With Belarus and Kazakhstan
Moscow Is Working on an Alternative to Visa and MasterCard After U.S. Sanctions Hit Russian Banks
By Andrey Ostroukh
July 2, 2014 8:02 a.m. ET
ST. PETERSBURGThe Bank of Russia is working with its counterparts in Belarus and Kazakhstan on creating a regional payment system within the countries' customs union, the central bank's first deputy chairman said Wednesday.
Moscow plans to create a national payment system to protect itself against the kind of disruption caused when Visa and MasterCard cut ties with Russian banks hit by U.S. sanctions after Russia's annexation of... [sorry for the paywall]
http://online.wsj.com/articles/russia-mu...1404302570
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx
"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.
“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.
“I think it would be a good idea” Ghandi, when asked about Western Civilisation.