{"id":1360252,"date":"2022-03-05T13:39:52","date_gmt":"2022-03-05T18:39:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1360252"},"modified":"2022-03-05T18:52:50","modified_gmt":"2022-03-05T23:52:50","slug":"breaking-visa-mastercard-suspend-all-operations-in-russia-effective-immediately","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-visa-mastercard-suspend-all-operations-in-russia-effective-immediately\/","title":{"rendered":"BREAKING: Visa, Mastercard Suspend All Operations In Russia Effective Immediately"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/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%2Fbreaking-visa-mastercard-suspend-all-operations-in-russia-effective-immediately%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=1360252&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\/V-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Financial services companies Visa and Mastercard announced on Saturday that they have suspended all operations in Russia following Russian President Vladimir Putin\u2019s decision to invade Ukraine.<\/p>\n<p>\u201cEffective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days,\u201d Visa <a href=\"https:\/\/usa.visa.com\/about-visa\/newsroom\/press-releases.releaseId.18871.html\">said<\/a> in a statement. \u201cOnce complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.\u201d<\/p>\n<p>Al Kelly, chairman and chief executive officer of\u00a0Visa Inc., said in a statement that the company was \u201ccompelled to act\u201d due to the \u201cunacceptable events that we have witnessed.\u201d<\/p>\n<p>\u201cWe regret the impact this will have on our valued colleagues, and on the clients, partners, merchants and cardholders we serve in\u00a0Russia,\u201d Kelly continued. \u201cThis war and the ongoing threat to peace and stability demand we respond in line with our values.\u201d<\/p>\n<p>Mastercard said in a statement that it was suspending its operations after \u201c<span class=\"typography__paragraph--large\">the world has watched the shocking and devastating events resulting from the Russian invasion of Ukraine.\u201d<\/span><\/p>\n<p>\u201c<span class=\"typography__paragraph--large\">It\u2019s with all of this in mind \u2013 and noting the unprecedented nature of the current conflict and the uncertain economic environment \u2013 we have decided to suspend our network services in Russia,\u201d Mastercard said in a statement. \u201c<\/span><span class=\"typography__paragraph--large\">This decision flows from our recent action to block multiple financial institutions from the Mastercard payment network, as required by regulators globally.\u00a0<\/span><span class=\"typography__paragraph--large\">With this action, cards issued by Russian banks will no longer be supported by the Mastercard network. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs.\u201d<\/span><\/p>\n<p><span class=\"typography__paragraph--large\">Mastercard said that they did not make the decision lightly and that in the meantime they would focus on being vigilant \u201c<\/span>to ensure the safety and security of the global payments ecosystem and our network.\u201d<\/p>\n<p>\u201cOur Cyber &#038; Intelligence teams will continue to work with governments and partners around the world to ensure that stability, integrity and resiliency of our systems continue to guide our operations and response to potential cyber-attacks,\u201d the statement added.<\/p>\n<p><em><strong>This is a breaking news story; refresh the page for updates.<\/strong><\/em><\/p>\n<p><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 <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">member<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial services companies Visa and Mastercard announced on Saturday that they have suspended all operations in Russia following Russian President Vladimir Putin\u2019s decision to invade Ukraine.\u201cEffective immediately, Visa will work<\/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-1360252","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\/1360252","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=1360252"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1360252\/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=1360252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1360252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1360252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}