Tag: Credit Cards

RUSSIALINK: “Visa and Mastercard May Soon Exit Russia Under Draft Law – Reports” – Moscow Times

Economy, Business, Investment, Trade, Sanctions, United States, U.S.-Russian Relations
File Photo of Stack of Credit Cards, adapted from image at fdic.gov

(Moscow Times – themoscowtimes.com – July 12, 2019) New Russian payment system laws could lead the world’s largest credit and debit card companies Visa and Mastercard to exit the country’s market, the Kommersant business daily reported on Friday. U.S.-based Visa and Mastercard stopped servicing bank cards in annexed Crimea after the United States imposed sanctions on Russia in 2014. Russia […]

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RIA Novosti: Russia Needs to Create Domestic Credit System to Survive Sanctions: Presidential Aide

Economy, Business, Investment, Trade
File Photo of Stack of Credit Cards, adapted from image at fdic.gov

MOSCOW, October 7 (RIA Novosti) – Russia needs to establish a system of domestic credit and improve the efficiency of public administration, so that the economy could successfully develop amid Western sanctions, Russian Presidential Aide Sergei Glazyev said Tuesday. “If we want to survive the war that is being waged against Russia, we need to create an internal system of […]

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Credit card fraud in Russia 10-times less than elsewhere

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade
File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Business New Europe – bne.eu – July 25, 2013) Despite its image as a den of high tech thieves international credit card company VISA reports that fraud in Russia is 10-times less than in its other markets. The company said that card fraud in Russia costs it 5 kopecks per 1,000 annually, a tenth of the company’s global average, VISA […]

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