Visa, Mastercard suspend all operations in Russia, 'effective immediately'

[Rickeroo]

https://www.foxbusiness.com/economy/visa-announces-suspension-of-all-operations-in-russia

"Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days," Visa said in a press release. "Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation."

Mastercard said in a statement Saturday that it also made the decision to suspend services in Russia due to the "unprecedented nature of the current conflict."

I applaud this move.

 

[Callen]

Good for them. The list of major corporations cutting business with Russia grows larger every day. The way back for Russia is going to be long and difficult for the Russian people. He needs to be ousted which probably means assassinated.

One by one, global companies are cutting their ties to Russia

Companies ranging from General Motors to UPS are exiting or reducing their operations in Russia as wide-ranging sanctions make it all but impossible to operate in the country.

www.npr.org

 

[poweRob]

I for one welcome all the right wingers changing their support to be for America and her allies finally.

 

[highroller]

Time for Bitcoin to shine?

 

[Ginger Ale]

Well, I mean, there also saving their own ass here as well. Who thinks Russians can pay that credit card bill now? The Ruble is worth a penny. It's worth the price of the paper it's printed on.

 

[highroller]

Well, I mean, there also saving their own ass here as well. Who thinks Russians can pay that credit card bill now? The Ruble is worth a penny. It's worth the price of the paper it's printed on.

That would depend on what they borrowed it in. If they borrowed the money in dollars they’re screwed.