Tag: Mastercard

RUSSIALINK: “Visa and Mastercard May Soon Exit Russia Under Draft Law – Reports” – Moscow Times

Economy, Business, Investment, Trade, Sanctions, United States, U.S.-Russian Relations
File Photo of Stack of Credit Cards, adapted from image at fdic.gov

(Moscow Times – themoscowtimes.com – July 12, 2019) New Russian payment system laws could lead the world’s largest credit and debit card companies Visa and Mastercard to exit the country’s market, the Kommersant business daily reported on Friday. U.S.-based Visa and Mastercard stopped servicing bank cards in annexed Crimea after the United States imposed sanctions on Russia in 2014. Russia […]

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Interfax: Visa, MasterCard to continue operating in Russia – Siluanov

Politics, Government, Protests, Elections
File Photo of Stack of Credit Cards, adapted from image at fdic.gov

(Interfax – May 20, 2014) The payment systems Visa and MasterCard will continue operating in Russia, Finance Minister Anton Siluanov told Interfax on Tuesday. “We can’t abandon these systems since over 90 percent of those who use payment systems work with them,” he said. He did not say how the problem would be resolved with security deposits that Visa and […]

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Visa and MasterCard Cling to Russia Despite $3.8 Billion Blow

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
File Photo of Cash, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Diana Kulchitskaya – May 7, 2014) Visa and MasterCard will hold fast to Russia despite a new law that forces them to pay over $3.8 billion as a security deposit to the Central Bank. Both international firms consider the measures taken as too severe and think that they will not only make work in Russia […]

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