Russia is hopeful about the potential return of Visa and Mastercard to its market, according to a report news agency, TASS.
Anatoly Aksakov, who chairs the Financial Markets Committee in the State Duma, noted that the departure of these major payment systems resulted in a significant loss for them, as they abandoned a large share of the Russian market.
However, Aksakov also pointed out that since the country has adapted to using its own National Payment Card System (NSPK), reintroducing Western credit card companies might prove challenging.
Visa and Mastercard exited Russia following the escalation of the conflict in Ukraine. In response, the domestic Mir payment system, operating under NSPK, became widely adopted across the country.
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Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th of August, covering the latest developments.
Five years after Evergrande's debt crisis rattled global markets, founder Hui Ka Yan has been sentenced to life in prison, marking a dramatic new chapter in the downfall of China's former property giant.
Russian ballistic missile strikes on Ukraine’s capital Kyiv has killed at least sixteen people and injured more than forty others, Ukrainian officials said, with fires reported across the city and Poland activating defensive air operations.
Virgin Trains has moved a step closer to challenging Eurostar’s three-decade dominance of Channel Tunnel passenger rail, potentially giving travellers more choice between the UK and mainland Europe.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
Nearly 100 days after dozens of children were abducted from a school in northeastern Nigeria's Borno State, parents have taken to the streets to demand urgent government action to bring them home.
China and Indonesia have agreed to strengthen military ties and deepen cooperation in minerals, energy and technology as Jakarta balances relations with Beijing and Washington amid economic and geopolitical tensions.
An international conference in Baku on 21 August is putting Belgium’s colonial record in Africa under renewed scrutiny. Officials, United Nations experts, researchers and human rights advocates are gathering to discuss whether the country has done enough to address the legacy of its rule.
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