<p>Mastercard and Visa are suspending their operations in Russia, the companies have said, in the latest blow to the country's financial system after its invasion of Ukraine.</p>
<p>Mastercard Saturday 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.</p>
<p>'We don't take this decision lightly,' Mastercard said in a statement, adding that it made the move after discussions with customers, partners and governments. Visa said it's working with clients and partners in Russia to cease all Visa transactions over the coming days.</p>
<p>"We are compelled to act following Russia's unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,' Visa Chairman and Chief Executive Officer Al Kelly said in a statement.</p>
<p>Many other companies around the world have also made moves to increase the financial pressure on Russia and its people because of its attack on Ukraine. "This war and the ongoing threat to peace and stability demand we respond in line with our values," Kelly said.</p>
<p><span style="font-size: x-small;"><em>This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever</em></span></p><p>
    <script async="async" data-cfasync="false" src="//pl23789885.revenuecpmgate.com/7445444aea29efc3d061cbd866026c06/invoke.js"></script>
    <div id="container-7445444aea29efc3d061cbd866026c06"></div>
    </p>

Mastercard Saturday 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

Mastercard, Visa suspend operations in Russia after invasion of Ukraine

Russia almost completed destruction of Ukrainian military infrastructure: Vladimir Putin

Mastercard 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

Mastercard, Visa suspend operations in Russia after invasion of Ukraine

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / World News / Article / Mastercard, Visa suspend operations in Russia after invasion of Ukraine

Mastercard, Visa suspend operations in Russia after invasion of Ukraine

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast