Since 2017, the cross-border transfer of money or funds within the framework of payment systems, foreign payment systems, from Russia to countries where Russian payment systems are banned, including Russian electronic payment systems, can be carried out only on condition that the payment system operator, payment infrastructure service operators are under the direct or indirect control of legal entities created in in accordance with the legislation of the Russian Federation. Also, in 2017 the Bank of Russia has initiated the Marketplace project to create a legislative and regulatory framework for online retail sale of financial products (services) throughout the country (https://www.cbr.ru/fintech/market_place/). Such online financial transactions are effected through the financial platforms - an information system that ensures the online interaction of financial organizations or issuers with consumers of financial services. Access to the platform is provided by the operator of the financial platform. An operator must be registered with the Bank of Russia and comply with the registration requirements set by the law. In particular, the operator must be a joint-stock company incorporated in the RF and possess software and hardware necessary for the provision of relevant services, which must be located on the territory of the Russian Federation. See also: https://www.cbr.ru/finm_infrastructure/financial_platform_operators/