mo4ch:>Russia ready to switch off Visa & Mastercard ahead of tougher US sanctions | Mo4ch News

Moscow faces prospects of harsher sanctions this coming January as the US Congress is set to discuss a new package of anti-Russian penalties. The Russian central bank has warned the country’s lenders over potential risks.The regulator has recommended that Russian financial institutions take the necessary preventive steps in case their partner-banks are forced to stop providing connection to services by the world’s two most used payment systems – Visa and Mastercard, reports Russian business daily Vedomosti.The list of Russia’s banking majors that are currently working as an intermediary include Credit Union “Payment Center,” one of Russia's largest private lenders Uralsib, Rosbank that operates as a Russian subsidiary of the international financial group Societe Generale, Russia’s second biggest bank VTB and privately owned Promsvyazbank.Also on rt.comRussian banks ready to switch off SWIFT – officialVTB and Promsvyazbank have already been included in the Countering America’s Adve…