Transactions with cards issued in the Russian Federation will not take place outside of it. Cards issued outside of Russia will not work on its territory.
Mastercard and Visa have announced the suspension of their operations in Russia.
“In the coming days, Visa will work with its customers and partners in Russia to stop all Visa transactions. After that, 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 Russia will no longer work in the Russian Federation,” Visa said in a release.
This is due to the situation in Ukraine. The company stressed that it “has to react in accordance with its values” and regrets that this will affect partners and cardholders.
A similar release was released by Mastercard. The company said it would resume operations in Russia when “it is appropriate.”