Putin eyes a Russian credit card system after Western sanctions
"President Vladimir Putin on Thursday said Russia should create its own national payment settlement system, in a bid to reduce economic dependence on the West amid the controversy over Moscow's seizure of Crimea. In countries such as Japan and China these systems work, and work very well,' Putin told lawmakers in televised remarks. Initially, they started out solely as national systems limited to their own markets, their own territory, their own population but they are becoming more popular right now.' 'Why should we not do it? We should definitely do it and we will do it,' he said, noting that Russia's Central Bank and the government have been looking into the matter." Continue reading →
