Russia-Ukraine War: Visa & Mastercard block Russian financial institutions

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US payment firms Visa and Mastercard have fallen in line with Washington’s sanctions package levelled at Moscow by blocking several financial institutions from their network.

US government sanctions demand all “Specially Designated Nationals” and institutions on their list to be excluded from American financial services.

The move comes on top of Saturday’s block from the US, Canada, Britain and Europe on some Russian lenders from the SWIFT international transfer system.

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