Mastercard and Visa announced that the US has blocked many Russian financial institutions from the payment network in line with the sanctions imposed on Russia.
The world agenda has been very busy lately. Because Russia's attack on Ukraine as an operation decision changed all the balances. Even though Russia says that our aim is not an invasion, all the developments to date show the opposite of this situation.
Sanctions against Russia, which drew the reaction of the whole world with this decision, are incessant. Finally, the world-famous US-based financial companies Mastercard and Visa made a critical decision and joined the caravan of those who imposed sanctions on Russia.
Mastercard and Visa impose sanctions on Russia
As it will be remembered, it was decided last week that Russia would be removed from the SWIFT system, which is a protocol that accelerates international transfer transactions, which started to be used in 1973. Not long after this decision, Mastercard and Visa took a similar step.
Mastercard and Visa announced that they have blocked many Russian financial institutions from the payment network in line with the sanctions imposed on Russia by the USA. In addition, both companies announced that they will work in cooperation with regulatory institutions in this process and will adapt to new decisions that may come in the future.
In addition to the sanction decision, the two companies decided to provide 2 million dollars of humanitarian aid to the country in order to show that they are with Ukraine in this process. Apart from this, Russian citizens started to form long queues at ATMs, claiming that the withdrawal of money will be stopped due to the sanctions decisions.
Finally, let us state that Russia and Ukraine have participated in negotiation talks in Belarus, but for now the desired result has not been achieved.
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