credit card operator master card And Visa Announced this Saturday, the 5th that they will end all transactions in Russia. A few days ago, operators had already blocked several financial institutions from their payment networks. Now, with this decision, cards issued in Russia or cards issued outside the region will no longer work in the country. Companies make up more than 70% of financial operations viable in the country.
The decision came hours after a meeting of the President of Ukraine, Volodymyr ZelenskyWith the US Congress, responding to Zelensky’s request to tighten sanctions against Russia.
Both joined the movement that has led to the exodus of large companies from Russian territory. The companies’ flight has been driven by harsh economic sanctions imposed by the West – such as exclusion from Intense, the main global financial network – which can lead to a financial crisis or economic collapse in the country. But it also represents retaliation against Russia for actions deemed “unacceptable” in a concerted effort to undermine its economy and pull it out of global financial markets.
