Connect with us

Hi, what are you looking for?


Mastercard, Visa stop services in Russia

American credit card providers Mastercard and Visa announced late Saturday they will suspend their services in Russia following the country’s invasion of Ukraine.

Mastercard’s cards issued by Russian banks will stop operating, and Mastercard cards issued elsewhere won’t work at ATMs located in Russia. Visa is halting all transactions made with Visa cards issued in Russia outside of Russia, and any Visa cards issued by banks outside of Russia will no longer work within the country.

“We don’t take this decision lightly,” said Mastercard in a statement, adding it has operated in Russia for 25 years and employs over 200 people in the country. “When it is appropriate, and if it is permissible under the law, we will use their passion and creativity to work to restore operations,” it said.

“This war and the ongoing threat to peace and stability demand we respond in line with our values,” Al Kelly, chairman and chief executive officer of Visa Inc., said in a statement.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

TOP news

Paul Sancya/AP On June 2, Delta will become the first US airline to pay its flight attendants for boarding time. Previously, flight attendants were...


Adeline van Houtte is the Economist Intelligence Unit’s lead analyst on Russia. It looks like Russia is at it again, after the unusual movement...


The EU should play an active role in the upcoming U.S.-Russia talks over security concerns around Ukraine, the bloc’s top diplomat told German media...

Health Care

Former President Donald Trump confirmed he had gotten a booster during a live show with Bill O’Reilly in Dallas on Sunday.

Сentral Tribune - Politic News