{"id":882,"date":"2022-03-06T14:59:03","date_gmt":"2022-03-06T14:59:03","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/03\/06\/visa-and-mastercard-suspend-their-services-in-russia\/"},"modified":"2022-03-06T14:59:05","modified_gmt":"2022-03-06T14:59:05","slug":"visa-and-mastercard-suspend-their-services-in-russia","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/03\/06\/visa-and-mastercard-suspend-their-services-in-russia\/","title":{"rendered":"Visa and Mastercard suspend their services in Russia"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/3\/5\/22963433\/visa-mastercard-suspend-services-russia-ukraine<\/a>
\n
<\/br><\/code><\/p>\n

\n

Visa and Mastercard are suspending operations in Russia in another major blow to the country\u2019s financial system, according to a report from the Associated Press<\/em><\/a>. <\/p>\n

In an announcement on Visa\u2019s website<\/a>, the company says it\u2019s working with partners in Russia to \u201ccease all transactions over the coming days.\u201d A separate press release<\/a> from Mastercard contains a similar message, noting that it\u2019s suspending services in Russia and that its decision wasn\u2019t taken \u201clightly.\u201d Both companies explain that any transactions made with Mastercard or Visa cards issued by banks in Russia won\u2019t work outside of Russia, while any cards issued by banks outside of the country won\u2019t work at Russian merchants or ATMs.<\/p>\n

\n