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The international payment system Visa said it was taking “prompt measures” to enforce Western sanctions against Russia over its military operation in Ukraine.
As, in particular, Visa indicated, it is also ready for possible new restrictions if they are introduced, RBC reports.
Earlier today, it became known that Mastercard had disconnected several Russian banks from its payment system “in accordance with sanctions orders,” said the head of the company, Michael Meebach, but did not specify which financial institutions in question.
At the same time, in a conversation with Lenta.ru, Candidate of Economic Sciences Nikolai Kulbaka noted that it is now difficult to assess the possible consequences of Mastercard’s decision to disconnect several Russian financial systems from its system, but did not rule out that this could lead to problems with their use in Russia.
Recall, on February 24, Russian President Vladimir Putin made an emergency appeal to the Russians and announced a special military operation in the Donbass. In his speech, he stated that “circumstances require decisive action from Russia” and stressed that “Russia will not allow Ukraine to have nuclear weapons.”
In response to Russia’s actions, Western countries (USA, Canada, European Union, Great Britain, Japan) announced new, tougher sanctions against the Russian Federation, including financial and economic ones.
In particular, Russian banks fell under the sanctions, including Sberbank, VTB, Novikombank, FC Otkritie and Sovcombank, and for a number of state-owned companies it was difficult to attract foreign capital.
Later, the EU countries and the United States agreed to disconnect Russian banks that fell under sanctions from the international system of interbank transactions and information exchange SWIFT. In addition, it was decided to freeze the assets of the Bank of Russia, which will create difficulties for its use of international reserves. EU countries also pledged to take steps to limit the sale of citizenship — the so-called “golden passports” that allow wealthy Russians connected to the Russian government to become citizens of EU states and gain access to their financial systems.
You can follow the chronicle of events around Ukraine on March 1 here.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
