Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country’s financial system after its invasion of Ukraine.
Visa and MasterCard credit card logos are seen on a sign in Washington on March 30, 2012. AFP PHOTO/Nicholas KAMM – Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country's financial system after itsMastercard said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work at Russian stores or ATMs.
Visa said it's working with clients and partners in Russia to cease all Visa transactions over the coming days.
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