Visa and Mastercard suspend operations in Russia due to the invasion of Ukraine

Mastercard and Visa announced on Saturday the suspension of their operations in Russiathe latest blow to the country’s financial system from its invasion of Ukraine.

master card He indicated that cards issued by Russian banks will no longer be supported by their network and no card issued outside the country will be able to be used in Russian stores and ATMs.

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“We do not take this decision lightly”he pointed master card in a statement, adding that it adopted the measure after speaking with clients, partners and governments.

For its part, Visa stated that he works with clients and partners in Russia to suspend all Visa transactions in the coming days.

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Source: Elcomercio

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