MOSCOW – Russia wants a mutually-compatible payments system with China in order to reduce the risk from further financial sanctions by the West, Prime Minister Dmitry Medvedev said in an interview published on Nov. 4.
Russia has introduced a new national payment system to cut reliance on Western systems, such as Visa and MasterCard. Those operators stopped providing services to clients of one Russian bank after Washington imposed sanctions over Moscow’s role in the Ukraine crisis.
