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A comment on Putin Passes Law Requiring $3.8B Security Payments From Visa, MasterCard. Parent comment

Re:Putin Passes Law Requiring $3.8B Security Payments From V... by mike_hearn on Tuesday May 06, 2014 @12:09PM (#7705323)
The same way the USA has been taking control of the rest of the financial system. They say to American VISA/MC executives, "we require any transactions processed by your subsidiary to comply with US sanctions, or else we're going to tell the whole world that you're a bunch of financial terrorists and throw you in jail".

Then the US executives say, OK, then we won't process payments in Russia. And then Russia says ....

[ Parent | on HN ]
Re:Putin Passes Law Requiring $3.8B Security Payments From V... by boobsbr on Tuesday May 06, 2014 @02:16PM (#7706173)
Feels similar to FATCA requirements: report all transactions that involve even the remotest link to an "American person or company" or you're sancioned from operating in the US and with any "American person or company".
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