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Visa and MasterCard provide no services to Russian banks customers

The companies Visa Inc and MasterCard Inc stopped unexpectedly to provide their services for customer transactions of many Russian banks after the announcement of the imposition of new U.S. sanctions. Washington imposed additional sanctions on Thursday against 20 Russians involvement in the Ukrainian crisis including Boris Rotenmpergk and his older brother Arkady, who had secured major contracts for the Winter Olympics in Sochi are co owners of the bank and the SMP Rossiya Bank.

Visa Mastercard

Visa Mastercard

The Rossiya Bank, which is the target of sanctions Washington, announced that Visa and Mastercard stopped their services to customers of the bank. A similar announcement made ​​by the bank and SMP. The EU is also expected to announce the imposition of measures against Russia. Russia, however, intends to use countermeasures against the sanctions imposed by the West, today reported RIA news agency citing the Russian Deputy Foreign Minister Grigory Karasin.

Russia Central Bank

Russia Central Bank

There is what we call reciprocity, in English and in Russian called countermeasures. It is comparable and will not deny that look, he said. The Russian Deputy Finance Minister, however, Alexei Moiseef said today that it expects to have a large impact of Western sanctions on the financial sector of the country and argued that it would worsen the country’s creditworthiness. On his part, the Russian Foreign Minister Sergei Lavrov described as absolutely illegal sanctions and said that they would raise artificial barriers between Russia and the West.

By Nicole P.

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