Visa And Mastercard Suspend Operations In Russia
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2022-03-06 HKT 09:03
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Card payment giants Visa and Mastercard announced on Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its military assault on Ukraine.
Mastercard said that "noting the unprecedented nature of the current conflict and the uncertain economic environment," it had "decided to suspend our network services in Russia."
Visa, for its part, said that "effective immediately" it would "work with its clients and partners within Russia to cease all Visa transactions over the coming days." (AFP)
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