On: Putin Passes Law Requiring $3.8B Security Payments From Visa, MasterCard

[mike_hearn]

Due process is a concept that applies (or is supposed to apply) to governments. It does not apply to private financial services companies. Politicians have realised this and are now aggressively and vigorously violating it by stepping outside the regular judicial system and simply scaring banks/card companies into stopping business with anyone said politicians don't like.

It wasn't Russia that started this trend. It was America.

[bayesianhorse → mike_hearn]

Due process does apply to contract disputes.

There is very scarce evidence that politicians in the US have used this technique against "businesses they don't like"...