MOSCOW, January 31 (Sputnik) — Crimean Prime Minister Sergei Aksyonov said that an alternative to Visa and MasterCard international payment systems will start working in Crimea by May 1, Kommersant FM radio station reported Friday.
In December 2014, US payment giants MasterCard and Visa suspended services to banks in Crimea.
Such US companies as PayPal, Apple and Google have also ceased business activities in the peninsula in the wake of an order issued by US President Barack Obama on December 19, 2014. The order said that US companies must stop supplying products to Crimea by February 1, 2015.
The restrictions specifically targeting Crimea were imposed by Western countries after Crimea's reunification with Russia in March 2014.