Visa, MasterCard To Suspend Operations In Russia
Mar 7, 2022 ·
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Description
Card payment companies Visa and Mastercard say they will suspend operations in Russia, joining a growing list of international companies refusing to do business with Moscow over its invasion of...
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Card payment companies Visa and Mastercard say they will suspend operations in Russia, joining a growing list of international companies refusing to do business with Moscow over its invasion of Ukraine.
The moves deal another blow to Russia’s financial sector and are set to further isolate its sanctions-hit economy.
Mastercard announced that cards issued by Russian banks would no longer be supported by its network and any card issued outside the country would not work at Russian shops or ATMs.
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The moves deal another blow to Russia’s financial sector and are set to further isolate its sanctions-hit economy.
Mastercard announced that cards issued by Russian banks would no longer be supported by its network and any card issued outside the country would not work at Russian shops or ATMs.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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