Source Pravda.Ru

Russian banks to switch to Russian software

The Central Bank of Russia strongly recommends all Russian banks to use Russian software to themselves against the loss of rights and licenses for the use of bank programs.

This was stated by Chairwoman of the Central Bank of the Russian Federation  Elvira Nabiullina. Russian credit organizations are to ensure such protection already from September 1, 2014.

Previously, experts expressed concerns that due to Western sanctions against Moscow, Russian banks may lose technical support from the IT-giants, Izvestia said. In the worst case scenario, banks may lose the right to use licenses for software products.

In May, US-based IT-companies threatened to revoke such licenses. Representatives of Microsoft, Oracle and Symantec stated that they were ready to terminate relations with Russian partners and revoke licenses for the already sold software products.

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