Sunday, Sep 24, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Mastercard Visa Suspend Operations In Russia After Invasion

Mastercard, Visa suspend operations in Russia after invasion

New York: 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. 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 […]

By AP
Updated On - 12:06 PM, Sun - 6 March 22
Mastercard, Visa suspend operations in Russia after invasion
Source: IANS
whatsapp facebook twitter telegram

New York: 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.

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.

“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.

“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.

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.

 

 


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • MasterCard
  • Russia
  • Ukraine
  • Visa

Related News

  • Russian airstrikes kill 2, wound 3 in Ukraine as war enters 20th month

    Russian airstrikes kill 2, wound 3 in Ukraine as war enters 20th month

  • Cracks in West support for Ukraine emerge

    Cracks in West support for Ukraine emerge

  • Ukraine targets key Crimean city a day after striking the Russian navy headquarters

    Ukraine targets key Crimean city a day after striking the Russian navy headquarters

  • Russia, US, China have built new facilities, at nuclear test sites

    Russia, US, China have built new facilities, at nuclear test sites

  • Indian Army unit leaves for Russia to take part in military drill

    Indian Army unit leaves for Russia to take part in military drill

  • Stoltenberg: Ukraine’s NATO membership awaits conflict resolution

    Stoltenberg: Ukraine’s NATO membership awaits conflict resolution

Latest News

  • Shubman smashes fifth ODI century in 2023, joins elite company during 2nd ODI against Australia

    3 mins ago
  • CCMB Open Day on September 26

    2 mins ago
  • 80 per cent cybercrimes from 10 districts; Bharatpur new Jamtara: Study By Kishor Dwivedi

    10 mins ago
  • Apple to scale up production over 5 times in India to USD 40 billion in 5 years

    12 mins ago
  • Asian Games: Indian fencer Taniksha Khatri goes down in quarterfinal, misses medal narrowly

    18 mins ago
  • New chapter began in Railways under PM Modi: Union Minister Kishan Reddy

    13 mins ago
  • “Railways have witnessed unprecedented transformation under visionary leadership of PM Modi”: JP Nadda

    21 mins ago
  • Women reservation benefit only possible in 2034, says Kapil Sibal, accuses Centre of luring voters with Bill

    24 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam