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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Visa, Mastercard Suspend Operations in Russia

United States Russia Visa Mastercard Ukraine Joe Biden Moscow PayPal
Visa and MasterCard logo displayed at the entrance to a café in New York (AP)

Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine.

"Noting the unprecedented nature of the current conflict and the uncertain economic environment," Mastercard said it had "decided to suspend our network services in Russia."

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