Russia’s communists want a respond to Visa, Mastercard,Paypal

29 January 2015 10:24

Deputies from the Communist Party of the Russian Federation (CPRF) prepared a request to Yuri Chaika, the Prosecutor General, and Elvira Nabiullina, the Head of the Bank of Russia, to respond to Paypal, Google, Apple, Visa, MasterCard and other companies which have ceased their activities in the territory of Crimea.

The deputies ask the Prosecutor General to consider the possibility of a withdrawal of a license for banking operations in rubles and foreign currency for payment non-bank credit companies from PayPal Russian representative.

PayPal has cut off services to customers in Crimea in response to western sanctions related to Crimea’s unification with Russia in March.

MasterCard and Visa have taken similar steps, while Google also has moved to shut down Google Play and block AdSense and AdWords accounts in the region.

The standoff between Russia and the west over Crimea has already had major consequences for the payments ecosystem.

On Dec 18, the European Union approved a new package of economic sanctions against Crimea. On Dec 19, 2014, President Barack Obama signed the decree, which prohibits U.S. citizens and American companies to work in Crimea.