US latest sanctions to have no impact on credit cards in Russia

Newscast Media MOSCOW—Washington’s newest update to the list of sanctioned
Russian banks will not affect Visa or MasterCard operations in the country, the
companies’ representative offices in Russia told RIA Novosti Wednesday.

“These sanctions prevent blacklisted banks from accessing US capital markets and do
not affect our activities,” a MasterCard representative said.

Visa explained the US-imposed restrictions do not compel it to block operations at
any Russian banks. CONTINUE TO FULL STORY>>