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Will card tours be popular from Russians? — RealnoeVremya com

Credit Card Tourism: Russians Avoid Sanctions By Flying To Uzbekistan For VISA, Mastercards

Russian travel agencies are offering "debit-card tours" to Uzbekistan with the primary aim of obtaining Mastercard and VISA cards from Uzbek banks to get around Western sanctions due to Moscow's war in Ukraine that included the U.S. card giants suspending operations in Russia.

Uzbekistan is reforming the banking sector

The reform strategy adopted in 2017 provided for the reform of the banking sector, including the privatization of state property. Over the past 4 years, there have been major changes in the development of this sector, which was mainly due to the liberalisation of monetary policy in September 2017 and the free movement of the […]

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