Guno צְבִי
We fight, We win, Am Yisrael Chai
Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine.
"Noting the unprecedented nature of the current conflict and the uncertain economic environment," Mastercard said it had "decided to suspend our network services in Russia."
Visa, for its part, said that "effective immediately" it would "work with its clients and partners within Russia to cease all Visa transactions over the coming days."
Major corporations across a range of industries have halted business in Russia since its invasion began 10 days ago, including everything from US-based tech firms such as Intel and Airbnb to French luxury giants LVMH, Hermes and Chanel.
Visa and Mastercard had already announced that they were complying with US and international sanctions imposed on Russia in the wake of its attack.
https://www.msn.com/en-us/news/world/visa-mastercard-suspend-operations-in-russia/ar-AAUFs1u
"Noting the unprecedented nature of the current conflict and the uncertain economic environment," Mastercard said it had "decided to suspend our network services in Russia."
Visa, for its part, said that "effective immediately" it would "work with its clients and partners within Russia to cease all Visa transactions over the coming days."
Major corporations across a range of industries have halted business in Russia since its invasion began 10 days ago, including everything from US-based tech firms such as Intel and Airbnb to French luxury giants LVMH, Hermes and Chanel.
Visa and Mastercard had already announced that they were complying with US and international sanctions imposed on Russia in the wake of its attack.
https://www.msn.com/en-us/news/world/visa-mastercard-suspend-operations-in-russia/ar-AAUFs1u