Visa, Mastercard Block Multiple Russian Financial Institutions From Payment Networks in Compliance With Western Sanctions

Visa, Mastercard Block Multiple Russian Financial Institutions From Payment Networks in Compliance With Western Sanctions
Visa and MasterCard credit card logos are seen on a sign in Washington on March 30, 2012. Nicholas Kamm/AFP/Getty Images
Katabella Roberts
Updated:

U.S. payment card firms Visa and Mastercard have blocked multiple Russian financial institutions from their network in compliance with Western sanctions, the companies announced in separate statements on Monday and Tuesday.

Visa said it has watched the “tragic scenes in Ukraine with deep sadness and disbelief” and “is taking prompt action to ensure compliance with applicable sanctions, and is prepared to comply with additional sanctions that may be implemented.”
Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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