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EUROPAY IS INTENDED TO ENTER INTO RUSSIA CENTRALIZED EKVAJRING IN POINTS,

				
				
				
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EUROPAY IS INTENDED TO ENTER INTO RUSSIA CENTRALIZED EKVAJRING IN POINTS,
THE INTERNATIONAL COMPANIES BELONGING TO NETWORKS SINCE 2000.
      Moscow, on April, 7th. A/PRIME-TASS/. Europay is intended to enter into Russia
Centralised ekvajring in the points belonging to networks of the international
The companies. For this purpose it is supposed to pass operations on ekvajringu
To the banks serving their parent companies in West European
The countries. The chairman of board of directors has informed on it the PRIME-TASS
Associations of the Russian banks - members Europay the vice-president
Mosnarbanka Alexander Poljakov.
      As he said, this question was considered yesterday at session
Association council. According to decisions VISA and Europay, since 2000
The specified rule should extend and on the countries East
Europe. However, as A.Poljakov, banks of countries of Eastern Europe has told
Negatively concern this decision and their position will be declared on
Session of board of directors Europay across the Eastern Europe on April, 9th.
      Thereupon at session of council of Association of the Russian banks -
Members Europay the decision that Russia was accepted on a level with
Other countries will ask about a delay of introduction of this decision. As
A.Poljakov has told, first of all the Association decision is possible
To motivate with an interdiction from Bank of Russia on carrying out
mezhstranovogo/cross-boarding/ekvajringa in the Russian Federation. Besides, a number
Of affiliated banks of the western banks in Russia have not the right to carrying out
Operations on ekvajringu in the Russian Federation.
     According to the PRIME-TASS, transfer on centralised ekvajring can
First of all to concern a network of hotels Marriott / "Aurora",
"Tver" both "Merriott" / and Kempinsky / "Balchug"/, and also shops
Networks Stockman. As has noted A.Poljakov discussion on this question
It is conducted already nearby 3 let. - 0 - ag/oa
//* an information Source: the Prime-TASS, 7.04.99
//* Reg. Nom. - 1090400089.42-------------------------------------------