Re:Putin Passes Law Requiring $3.8B Security Payments From V...
by acqq on Tuesday May 06, 2014 @11:52AM
(#7705196)
You're completely missing the point here. Have you read the article?
"The law on a national payment system, which seeks to guarantee uninterrupted service of payments in Russia by foreign payment systems and prevent them from cutting services to Russian clients, as Visa and MasterCard did in response to U.S. sanctions in March."
Visa and MasterCard cut their local intra-Russian services "because of the U.S: sanctions"(!) Note that both these named Visa and MasterCard aren't "American Visa and MasterCard." The ones operating in Russia had to be registered as Russian companies to provide the services at all. So it's Russian companies (they are daughter companies, but legally independent except for brand, initial investments, connecting to the international infrastructure etc) cutting their own services to Russians because of the external political influences.
It's totally reasonable to adjust the laws to make it harder for such Russian companies to do such things in Russia.
"The law on a national payment system, which seeks to guarantee uninterrupted service of payments in Russia by foreign payment systems and prevent them from cutting services to Russian clients, as Visa and MasterCard did in response to U.S. sanctions in March."
Visa and MasterCard cut their local intra-Russian services "because of the U.S: sanctions"(!) Note that both these named Visa and MasterCard aren't "American Visa and MasterCard." The ones operating in Russia had to be registered as Russian companies to provide the services at all. So it's Russian companies (they are daughter companies, but legally independent except for brand, initial investments, connecting to the international infrastructure etc) cutting their own services to Russians because of the external political influences.
It's totally reasonable to adjust the laws to make it harder for such Russian companies to do such things in Russia.