“U.S. payment card firms Visa Inc (V.N) and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million for humanitarian aid. Mastercard also promised to contribute $2 million.”
Visa, Mastercard Block Russian Financial Institutions After Sanctions
Reuters
