Visa, Mastercard and Amex suspend Russia operations
Bank of Russia says domestic payments will still be possible across its own systems
Major payment firms Visa, Mastercard and American Express have cut Russia off from their networks, adding to the financial pressure on the Russian economy.
“We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” said Al Kelly, chairman and chief executive of Visa. Mastercard and Amex expressed similar sentiments in their own statements.
The payments firms all said they would remove Russia from their networks. People with
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