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Daily Mirror
Daily Mirror
Business
Emma Munbodh

Visa, Mastercard and American Express suspend payments in Russia after Ukraine invasion

Mastercard, American Express and Visa have announced plans to suspend all payments in Russia in the latest blow to the country's financial system after its invasion of Ukraine.

Pictures over the weekend showed long queues outside cash machines in St Petersburg as locals raced against time to withdraw money as sanctions came into force.

Mastercard said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work at Russian stores or ATMs.

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