In the statement made by Visa, it was stated that the company will work with its customers and partners in Russia to stop all Visa transactions in the coming days.
When this process is completed, it was stated that all transactions initiated with Visa cards issued in Russia will no longer work outside the country, and Visa cards issued by financial institutions outside Russia will not work in Russia.
Visa’s Chief Executive, Al Kelly, whose views were included in the statement, stated that they had to take action after Russia’s unreasonable “occupation” of Ukraine and the unacceptable events witnessed.
Kelly said, “We regret the impact this will have on our valued colleagues and the customers, partners, merchants and cardholders we serve in Russia. This war and the ongoing threat to peace and stability require that we respond in line with our values.” made its assessment.
In a statement made by Mastercard, it was stated that it has decided to suspend network services in Russia, taking into account the unprecedented nature of the current conflict and the uncertain economic environment.
“Cards issued by Russian banks will no longer be supported by the Mastercard network. Any Mastercard issued abroad will not work at Russian businesses or ATMs,” the statement said. statement was included.