Visa is working with its customers and partners to break all transitions in Russia in the next days. Once all operations are completed, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and all Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.
“We are obliged to act following the Russian invasion of Ukraine and the unacceptable events we have witnessed,” said Al Kelly, president and CEO of Visa. “We regret the impact this will have on our valued colleagues and on customers, partners, merchants and cardholders. which we serve in Russia. This war and the continuing threat to peace and stability require that we respond in line with our values. “
After the Visa Mastercard also announced the suspension of its services in Russia. “This measure – underlines the company – implies that cards issued by Russian banks will no longer be supported by the Mastercard systemFurthermore, the company stressed, “Mastercard cards issued outside the country will not work in Russia.”
Visa and Mastercard decisions to block transactions in Russia they will not have an impact on Sberbank payment cards. The bank itself claims this according to the Russian agency ‘Tass’. “All cards of Sberbank customers will work, it will be possible to carry out transactions on the territory of Russia – withdraw cash, make transfers by card number, pay both in offline stores and in Russian online stores,” the bank emphasizes.