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Global Trade Alert

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Russian Federation: Obligatory local processing of certain operations of international card payment systems

Description

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 Syst...

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Intervention Details

Intervention Type

Local operations requirement

MAST Chapter

I: Trade-related investment measures

Implementation date

31 Mar 2015

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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