More measures have been doled out to hit Russia’s economy due to its invasion of Ukraine. This time, financial services giants Visa and Mastercard have announced that they will suspend their operations in Russia on 5 March.
In the coming days, all Visa transactions will cease which means all transactions made with Visa cards issued in Russia will no longer work outside the country, and any Visa cards issued outside of Russia will no longer work within Russia.
“We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” said chief executive officer of Visa, AI Kelly.
Join our Telegram channel for more entertaining and informative articles at https://t.me/goodyfeedsg or download the Goody Feed app here: https://goodyfeed.com/app/
“We regret the impact this will have on our valued colleagues, and on the clients, partners, merchants and cardholders we serve in Russia. This war and the ongoing threat to peace and stability demand we respond in line with our values.”
Mastercard have said that with their suspension of network services in Russia, “cards issued by Russian banks will no longer be supported by the Mastercard network.”
This includes any Mastercard issued outside of Russia will also no longer work at Russian merchants or ATMs.
Russia’s largest lender, Sberbank Rossii PAO, however, has continued to insist that the sanctions announced by Visa and Mastercard.
However, the central bank did warn that Russians should be prepared to provide alternate modes of payment when they choose to go abroad.
Read Also:
- Russia Just Declared Temporary Ceasefire to Allow Civilians to Leave 2 Ukraine Cities
- Russia Restaurant in S’pore Donating 10% of Sales from Delivery to Ukraine
- 10 Facts to Know About Putin, The ‘Former Russia President’ Who is Now President Again
- Putin Said Sanctions by Nations Are Like a ‘Declaration of War’
- S’pore Provide Details on the Sanctions Impose on Russia, Which Includes Even NFTs
Featured Image: Chepko Danil Vitalevich / Shutterstock.com
Over in TikTok, there’s a drama involving property agents that’s caused by us. Here’s what happened:
Read Also:
- Diners Put Trays on the Floor As Cleaner Wasn’t Able to Clear Trays on Tray Return Station Fast Enough
- Over in Indonesia, iPhone 16 is Banned. Here’s What Happened
- Chinese National Paid $17.6K to Marry a S’porean; Failed to Get PR Twice
- Everything About the 22YO M’sian, Teo Jia Xin, Who Killed Her Newborn In a Cereal Box
- McDonald’s Singapore Launching Mala Chicken McCrispy, Mala Crispy Chicken Burger & More From 30 October 2024
- A Summary of Alice Chang’s Controversies, From Kissing Dough to Now “Pregnant” as a Mistress
- MOH Intending to Revoke MaNaDr Clinic’s Medical License for Abusing MC; 41 Doctors Also Referred to SMC
Advertisements
