{"id":1353344,"date":"2022-03-01T14:43:14","date_gmt":"2022-03-01T19:43:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1353344"},"modified":"2022-03-01T19:52:41","modified_gmt":"2022-03-02T00:52:41","slug":"visa-mastercard-block-russian-banks-from-payment-networks-amid-ukraine-invasion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/visa-mastercard-block-russian-banks-from-payment-networks-amid-ukraine-invasion\/","title":{"rendered":"Visa, Mastercard Block Russian Banks From Payment Networks Amid Ukraine Invasion"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fvisa-mastercard-block-russian-banks-from-payment-networks-amid-ukraine-invasion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1353344&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/03\/Visa-Mastercard.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Two credit card giants are blocking transactions from Russian financial institutions in response to the Russian invasion of Ukraine.<\/p>\n<p>Visa and Mastercard both announced Tuesday that they would halt the processing of all transactions from Russian institutions in their payment systems, in compliance with U.S. sanctions on Russia.<\/p>\n<p>\u201cThe invasion by Russian military forces over the past week has been devastating for the people of Ukraine. Our thoughts continue to be with those impacted,\u201d <a href=\"https:\/\/www.mastercard.com\/news\/press\/2022\/february\/mastercard-statement\/\">Mastercard<\/a> CEO Michael Miebach said in a statement announcing the move. \u201cAs a result of sanction orders, we have blocked multiple financial institutions from the Mastercard payment network.\u00a0 We will continue to work with regulators in the days ahead to abide fully by our compliance obligations as they evolve.\u201d<\/p>\n<p>Miebach also announced that Mastercard would be making a $2 million donation to the Red Cross, Save the Children, and the company\u2019s employee assistance fund for humanitarian relief.<\/p>\n<p>\u201cOur first priority has been the well-being of our employees and their families,\u201d Miebach said. \u201cOur teams are working around the clock to help secure their safety, using all the resources at our disposal. We will keep our employees in mind throughout the region as we navigate through this crisis.\u201d<\/p>\n<p>Mastercard\u2019s Cyber &#038; Intelligence and Corporate Security divisions were also working to monitor and prevent cyberattacks and to maintain the integrity of its network.<\/p>\n<p><a href=\"https:\/\/usa.visa.com\/visa-everywhere\/blog\/bdp\/2022\/02\/28\/a-message-from-1646083498219.html\">Visa<\/a> also announced that it was complying with U.S. and international sanctions and was also contributing to humanitarian efforts.<\/p>\n<p>\u201cDuring the past few days, all of us at Visa have watched the tragic scenes in Ukraine with deep sadness and disbelief. Our hearts go out to the many people and families seeking safety, shelter and peace following the invasion of Ukraine,\u201d Visa said in a statement. \u201cOur number one priority is ensuring the safety and security of our colleagues who are directly impacted. We also want to support, together with our employees and Visa Foundation, humanitarian efforts to help meet basic needs.\u201d<\/p>\n<p>Visa announced it was donating $2 million to the U.S. fund for UNICEF to support humanitarian efforts in the region. It would also double match employee donations up to $1 million to support UNICEF and the Red Cross.<\/p>\n<p>\u201cBeyond these efforts, Visa is taking prompt action to ensure compliance with applicable sanctions, and is prepared to comply with additional sanctions that may be implemented,\u201d Visa added. \u201cOur thoughts are with the Ukrainian people and all those impacted. We hope for a peaceful resolution soon.\u201d<\/p>\n<p>The companies\u2019 moves come after the Biden administration and American allies cut off Russian financial institutions from the <a href=\"https:\/\/www.dailywire.com\/news\/u-s-and-allies-will-expel-certain-russian-banks-from-swift-financial-messaging-system\">Society for Worldwide Interbank Financial Telecommunication<\/a> (SWIFT). The Biden administration previously imposed its own <a href=\"https:\/\/www.dailywire.com\/news\/breaking-biden-announces-new-actions-against-russia-in-response-to-invasion\">set of sanctions<\/a> last week, cutting off several of Russia\u2019s largest banks from the ability to conduct transactions.<\/p>\n<p>The two credit card companies join a number of other businesses that have taken action against Russia in response to the invasion of Ukraine. British oil titans <a href=\"https:\/\/www.dailywire.com\/news\/two-global-oil-titans-announce-divestment-from-russia-over-ukraine-invasion\">BP and Shell<\/a> announced Monday that they would divest from their financial stakes in Russian energy companies and projects. Additionally, BP CEO Bernard Looney and former CEO Bob Dudley said they would resign from their positions on the board of Russian oil company Rosneft. Shell divested from its stakes in Russian company Gazprom, as well as stakes it held in two energy development ventures and in the construction of the Nord Stream 2 natural gas pipeline.<\/p>\n<p><i><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a\u00a0<a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">member<\/a>.<\/em><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two credit card giants are blocking transactions from Russian financial institutions in response to the Russian invasion of Ukraine.Visa and Mastercard both announced Tuesday that they would halt the processing<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1353344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1353344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1353344"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1353344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1353344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1353344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1353344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}