Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

US Sanctiones Some Russian Banks, Freezes their Visa and MasterCard Cards
22.03.2014 13:59
US Sanctiones Some Russian Banks, Freezes their Visa and MasterCard Cards
http://izgoba.com/12725.html

US-based Visa Inc. and MasterCard Inc. have stopped any operations with credit cards from several Russian banks targeted by the United States for financial sanctions on Thursday, a number of Russian banks said on Friday.

      The news signaled the first impact on ordinary Russian citizens by a series of Western sanctions against Russia over the ongoing situation in Ukraine, the greatest geopolitical showdown between Russia and the West since the end of the Cold War. Earlier sanctions had been restricted to targeting high-level officials only.

      Several banks reported that customer cards were being declined for payment and that they had received no advance notification of the changes. Customer deposits remained unaffected.

      Visa Inc. have confirmed it blocked cards issued by four Russian banks for use on its payment network for online or retail purchases.

      Visa said the list of the banks facing sanctions announced by the US Treasury on Thursday includes Rossiya Bank, SMP Bank, Sobinbank and Investcapitalbank, the latter two being part of Rossiya Bank.

      The management of Rossiya Bank said it would do everything possible to help their customers. The bank added that customers could still withdraw cash from the bank’s ATMs without difficulties, as well as those owned by partner banks.

      The US and EU announced asset freezes and travel bans targeting a number of Russian officials close to Putin on Monday, following a referendum in Crimea that saw voters overwhelmingly support reunification with Russia after 60 years as part of Ukraine. The sanctions were later expanded by including some Russian banks and more economic punishments are yet to come.

      Russian President warned earlier this month that sanctions against Russia threatened to cause mutual damage in the modern, integrated global economy.




Author: Julia Alieva

Tags: Russian banks Ukraine crisis Russian economy sanctions  

Next Previous


You might also find interesting:

Current Trends of Russian Consumers
18.11.2018
Costs of Digital Economy
17.10.2018
Gasoline Prices will Keep on Growing in 2019
21.01.2019
Forbes Rating Included Four Russians under the Age of 30
25.02.2019
The "Coffee and Milk" Index Fell in Russia by 4.5%
30.07.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
terrorism  Norilsk Nickel  Moscow shopping  Russian history  Nizhny Novgorod Region  Satellites  Ingushetia  Lev Yudin  reconstruction  French Etchings  expats in Russia  Diego Rivera  Maria Sharapova  Festivals in Moscow  All-Russian Festival Of Military History Clubs  Moscow planetarium  VTB  Mercedes-Benz Fashion Week Russia  Russian business  medicine  Sparrow Hills  Russian Poetry  Igor Moiseyev State Academic Folk Dance Ensemble  Russian Railways  coal   Russian Literature  Russian tourism  Russian Cinema  Russian designers  the Crimea  Moscow  National Library of Russia  Russian opera singers  Chernogorsk  Russian start-ups  electronic maps  Central Bank  Tibetan Atlas  expedition  Architecture  Nikolay Pozdeyev  Russian officials  Exhibitions in Moscow  St. Petersburg  International space station  Russian Internet users  Belokurikha  sanctions  Natalya Pavlova  Nizhny Novgorod 


Travel Blogs
Top Traveling Sites