Like the UIGEA, Russia wants to place regulations on local banks to stop them facilitating payments to and from online gambling sites. Russia is seeking to do all it can to curtail what it determines to be illegal online gambling. The government estimates that around $3 billion is spent each year by Russians at casino sites . . . If the law is introduced, a blacklist will be drawn up and will include the names of all gambling sites that continue to offer their services to Russian gamblers, as well as financial institutions which continue to process online transactions for gambling, despite new legislation. Banks and payment processors will be required by law to block transactions between gamblers within Russia’s borders and international gambling operators