Visa, Mastercard Stopping All Russian Transactions in Strike at Putin
By Sandy Fitzgerald | Saturday, 05 March 2022 06:19 PM
Visa and Mastercard announced Saturday they will stop all credit card transactions connected with Russian clients and financial institutions in the upcoming days over the deadly invasion of Ukraine following a plea made by Ukrainian President Volodymyr Zelenskyy to members of the Senate earlier in the day.
"We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed," Al Kelly, chairman and chief executive officer of Visa Inc., said in a press release posted on Business Wire.
"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."
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READ MORE: https://www.newsmax.com/newsfront/visa-mastercard-russia-sanctions/2022/03/05/id/1059821/