Global Trade Alert
Global Trade Alert

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

Announcement

31 Mar 2015

In March 2015, the government of the Russian Federation announced a change in the required local operations to serve domestic customers.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Mar 2015

Revocation date:

No revocation date

Last action: 31 Mar 2015
Local operations requirement In force
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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