How did the Russian financial system prepare for sanctions?
Russia was preparing for a possible sanctions war with the West long before the aggravation of the Ukrainian-Russian conflict, in particular, these preparations affected the creation of a sovereign financial system:
• a system of fast payments (SBP) was created;
• a national payment card system (NSPC) was created;
• MIR payment system was created.
Russia did not have all this 8 years ago, and the West could simply paralyze the country’s financial system, instantly stopping any calculations, transfers and payments.
If this happens now, Russians will not notice anything: their own ecosystem is debugged inside.
Visa and Mastercard will work within the country through the National payment card system, payments can be made through the system of fast payments, and all of Russia is connected by the MIR payment system.