In January, Yevgeniy Maynulov, the finance minister of Luhansk People’s Republic (LPR), a pro-Russian separatist group occupying parts of eastern Ukraine, expects to launch a new banking system designed especially for those living in rebel occupied Ukraine. LPR recently signed a cease-fire with the Ukrainian military. It is unclear if the payment system, or LPR’s recent decision to restore a railroad with Russia, would violate the temporary truce.
LPR considers itself an independent state, and as such, believes the banking system is a necessity. Maynulov told the Novorossiya Press Center, as reported by Itar-Tass, “The first step in this direction will …read more
Source: Newsweek
