Mastercard has joined companies such as Visa, the BP and Shell oil companies, the Fedex, UPS and DHL parcel services, or the Maersk shipping company that have canceled or suspended their activities in Russia.
American multinational financial services company master card has blocked several institutions from its payment network to comply with international sanctions imposed on Russia following its invasion of Ukraine.
Michael Miebach, the president of the New York-based company, said in a statement that he will continue “working with regulators in the coming days to fully comply” with the company’s obligations in relation to the international sanctions imposed.
Mastercard thus joins companies such as Visathe oil companies BP and Shellparcel services Fedex,UPS and DHLor the shipping company Maersk in canceling or suspending its activities in Russia in response to sanctions to punish Russian President Vladimir Putin for his invasion of Ukraine.
The Walt Disney Company has also joined the sanctions and has announced that it will not release its films in Russia, and Google has announced the blocking of Russian media channels RT and Sputnik on YouTube throughout Europe.
For its part, South Korea has announced that it will suspend financial transactions with seven of the largest Russian banks and their affiliates as part of its sanctions against Moscow for the invasion of Ukraine.
Today’s announcement comes a day after South Korea decided to ban the export of strategic materials to Russia, following similar decisions taken in other countries such as the US or Japan, which have done the same with semiconductors and other technological goods linked to the defense industry Russian.
France warns: Westerners “we are going to sink the Russian economy”
The French Minister of Finance, Bruno Le Maire, has affirmed that Westerners “are going to cause the collapse of the Russian economy” and assures that the sanctions are already beginning to produce effects.
In this sense, he has assured that the ruble has depreciated by 30%, that the Central Bank of Russia has had to double its interest rates to 20%, which makes financing more expensive for companies, and that its foreign exchange reserves are they are melting “like snow in the sun”.
Le Maire has highlighted that the international measures to freeze Russian assets in total will affect nearly one billion euros.
“We are going to wage a total economic and financial war on Russia” and “the Russian people will also pay the consequences,” says the French minister.
The Ibex 35 opens with a fall of 0.1%
The Ibex 35 started this Tuesday’s session with a fall of 0.1%, which has led the selective to stand at 8,465 integers at 9:01 a.m., in a context that continues to be marked by the conflict in Ukraine and the social and economic repercussions of this situation in the rest of the world.
The average price of electricity in the wholesale market it will relax this Tuesday with respect to the annual maximums marked in recent days and will drop 6.88%, although it will remain close to the level of 260 euros per megawatt hour (MWh).
On the other hand, the price of barrel of petroleum Brent quality, a reference for Europe, stood at 100 dollars, after rising 2.17%, while Texas stood at 97 dollars, after advancing 1.8%.
Source: Eitb
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