THE GUARDIAN: Transactions to be cut off after Ukrainian president Volodymyr Zelenskiy urged companies to take action
Visa and Mastercard have announced tonight they will be suspending operations in Russia over the invasion of Ukraine.
Visa said in a statement that it would cut off transactions “over the coming days” and consequently cards issued in Russia would not work abroad as well as foreign issued cards in Russia.
Alfred Kelly, chairman and chief executive officer of the US-based digital payments company, said: “We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed.
“We regret the impact this will have on our valued colleagues, and on the clients, partners, merchants and cardholders we serve in Russia. » | Nadeem Badshah | Saturday, March 5, 2022
