: :inin Kyiv (EET)

Money crisis in Crimea: how sanctions against Russia have made cash king


International credit cards have pulled out and Russian banks don’t dare move in, meaning banknotes and a new system called Pro-100 are the only ways to payCrimea’s residents have only two options when they want to buy something nowadays: cash or Pro-100.Visa, MasterCard and all other recognised international payment systems stopped working after western sanctions were imposed in protest at Russia’s annexation of the peninsula last year, and Pro-100 – the first phase of Russia’s plan to launch its own domestic credit card system – has been introduced ahead of schedule in Crimea to fill the gap. … …read more

Source: The Guardian

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