Visa and Mastercard stop all Russia operations

Russia

Visa and Mastercard stop all Russia operations. Source: depositphotos.com

Visa and Mastercard have announced they are suspending their Russia operations amid its full-scale invasion of Ukraine.

With this action, cards issued by Russian banks will no longer be supported by the Mastercard network regardless of where they’re used – inside or outside of Russia. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs.

Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days.

Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.

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. This war and the ongoing threat to peace and stability demand we respond in line with our values
Al Kelly, chairman and chief executive officer of Visa Inc.

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