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Visa%2C+Mastercard+block+transactions+for+sanctioned+banks
Monday, 24 March 2014 - 12:59
Visa, Mastercard block transactions for sanctioned banks
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Visa and MasterCard have stopped servicing the credit cards of customers using Russian banks affected by the economic sanctions announced in Washington.

Bank Rossiya, used by close associates of President Vladimir Putin, said in a statement that Visa and MasterCard had "without warning stopped providing its payment services to the bank's clients".

An affiliate bank, Sobinbank, which is 100 percent-controlled by Bank Rossiya, was also affected.
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