Home » today » Business » This will hurt the Russians. Very much. Mastercard and Visa suspend operations in Russia. “Shocking Events”

This will hurt the Russians. Very much. Mastercard and Visa suspend operations in Russia. “Shocking Events”

Russia attacked Ukraine in the morning of February 24. The Ukrainians are firmly defending themselves, both the professional army and the increasing number of territorial defense forces joining it, to which as many as 100,000 people were to be enlisted. The West is responding by sending military equipment and humanitarian aid to Ukraine and hitting Russia with sanctions. Nothing is a foregone conclusion in this war, the situation is uncertain and changes frequently, and the latest information can be followed on the Gazeta.pl home page.

Mastercad and Visa, two card payment giants, have just announced that they are suspending all operations in Russia.

The war in Ukraine. Mastercard: “shocking and devastating events”

Mastercard has announced that it has been issued by Russian banki cards will no longer be supported by this company. In addition, any card with the Mastercard logo that has been issued outside the country will not work in Russian stores and ATMs.

“The Russian central bank did not believe that the West would take such steps”

“For more than a week, the world has been watching the shocking and devastating events resulting from the Russian invasion of Ukraine. Our colleagues, our clients and our partners have been affected in a way that most of us could not have imagined” – we read in the message companies.

Mastercard describes that he made the decision after long reflection, dialogue and feedback from governments, customers, partners, shareholders and employees. “By taking this step, we connect with many others in the hope and commitment to a more positive, productive and peaceful future for all of us,” the company concludes.

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Russia attacked Ukraine in the morning of February 24. The Ukrainians are firmly defending themselves, both the professional army and the increasing number of territorial defense forces joining it, to which as many as 100,000 people were to be enlisted. Nothing is a foregone conclusion, the situation is precarious and changes frequently the latest information You can follow the main page of Gazeta.pl.

Visa is also cutting off Russia

A similar message is given by Visa. “Effective immediately” Visa will begin work to stop all Visa transactions in Russia in the coming days, it says. “After this process is completed, all transactions initiated with Visa cards issued in Russia will cease to work outside this country, and Visa cards issued by financial institutions outside Russia will no longer work in the Russian Federation” – we read in the message.

LOUIS VUITTON SKLEP - illustrative photoThe war in Ukraine. These brands withdrew from Russia [Zara, Louis Vuitton]

Al Kelly, director of Visa Inc., justified the decision by “Russia’s unprovoked invasion of Ukraine” and its consequences. – We regret that this will have an impact on our valued associates and on the customers, partners, merchants and cardholders we serve in Russia. This war and the constant threat to peace and stability require us to respond in line with our values, he said.

The Russian war against Ukraine continues. There is information about houses destroyed, wounded and killed. Needs are increasing hour by hour. That is why Gazeta.pl joins forces with Polish Center for International Aid Foundation (PCPM)to support humanitarian aid to Ukrainians and Ukrainians. Anyone can join the fundraiser by paying via Facebook or pcpm.org.pl/ukraina. More information in the article:

How to help Ukraine?  Gazeta.pl joins forces with PCPMGazeta.pl joins forces with PCPM to support Ukraine. Find out how you can help

A special edition in Ukrainian with the latest information from Ukraine. You can download the newspaper for free here

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