Russia to Let Visa, MasterCard Sidestep Security Deposit | News | The Moscow Times:
"The Russian government has officially declared the conditions that will allow international payment systems Visa and MasterCard to continue business in Russia without paying the massive security deposit that had threatened to shove them out of the country.
To avoid paying the security deposit and fines for interruption of service, the companies must find a Russian payment system deemed "of national importance" to process their transactions by Oct. 31, according to a decree signed by Prime Minister Dmitry Medvedev on July 15 and published Tuesday on the government's website.
This solution to the standoff was floated by Central Bank chief Elvira Nabiullina at a banking conference earlier this month."
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