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FOLLOWING
- President Zelensky made strong statements once morest Biden
- Russia continues to suffer the consequences of its actions
- Visa suspends its operations in Russia
THE CONSEQUENCES KEEP GROWING. After starting the war between Russia and Ukraine, the sanctions plan was initiated for the actions carried out in foreign territory. This Saturday, it was announced that Visa decided to suspend its operations in Russia and began to withdraw its shares from the market; It is not the only company that decides to leave, in recent days it was announced that Apple, Disney, among other companies stopped exporting their products.
Now, in the midst of the growing tensions, it was even mentioned that President Zelensky is not very happy with the actions taken by Biden and even went so far as to mention that it would be different if he had taken action “before time.” The situation in Ukraine continues to escalate according time goes by.
SANCTIONS AGAINST RUSSIA INCREASE!
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After starting the war, sanctions once morest Russia continue to grow by the western market. Through social networks, it was announced that Visa Inc., decided to close its operations in the Russian market following the invasion of Ukraine; The news is a blow to all users who have a card from this company.
MasterCard said that cards issued by Russian banks will no longer be compatible with its network and that any card issued outside the country will not work in Russian stores or ATMs, The Associated Press reported. Given this news, thousands of users are expected to begin to feel the blow to the economy.
MasterCard out of Russia: A complicated decision?
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In a press release, MasterCard announced the decision to close operations in the Russian market. Through a statement, it was announced that the company’s decision was made following the war between Ukraine and Russia was announced; therefore, they made the decision to support in the midst of the problems left by the war.
“For more than a week, the world has witnessed the shocking and devastating events resulting from the Russian invasion of Ukraine. Our colleagues, our customers and our partners have been affected in ways that most of us might not imagine,” MasterCard reported through a press release. Filed Under: MasterCard outside Russia
MasterCard out of Russia: The main importance for MasterCard
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In the statement, they pointed out that due to the events that have taken place in recent days, the well-being and safety of employees and also customers and partners have been put at stake. Therefore, they decided to make a decision that benefits the priority of their safety; MasterCard reported that they discussed with customers, partners and governments to make a good decision.
“We have previously shared the steps we have taken in response to these events, with the well-being and safety of our employees being our first and foremost priority. And as we navigate and meet our regulatory commitments, we have been in constant dialogue with our customers, partners and governments.” Filed Under: MasterCard outside Russia
MasterCard out of Russia: A crude decision
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The statement clarifies that due to the unprecedented nature of the conflict and the changing situation of the economic environment, which is uncertain, it was decided to suspend network services in Russia. Furthermore, it was reported that the decision stems from recent actions to block financial institutions from the payment network.
“It is with all of this in mind, and taking into account the unprecedented nature of the current conflict and the uncertain economic environment, we have decided to suspend our network services in Russia,” MasterCard reported. This decision follows from our recent action to block multiple financial institutions from the MasterCard payment network, as required by regulators globally. Filed Under: MasterCard outside Russia
Will the cards not be shareable?
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In the cards issued by MasterCard, it was assured that Russian banks will no longer be compatible with the network and that, at any moment, it will stop working in the country. In addition, the cards that are still in operation will gradually stop working in Russian shops and ATMs; It was a decision they mightn’t take lightly.
“With this action, cards issued by Russian banks will no longer be compatible with the MasterCard network. And any MasterCard issued outside the country will not work at Russian merchants or ATMs,” the statement said. “We do not make this decision lightly. MasterCard has been operating in Russia for more than 25 years. We have close to 200 colleagues there who make this company so critical to so many stakeholders,” he noted.
A bad trade?
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The suspensions are a follow-up to more limited measures earlier in the week to block financial institutions from networks that serve as arteries for the payment system. The Russian people have already been hit hard by heavy sanctions and financial penalties imposed by the US government and others, The Associated Press reported.
Many other companies around the world have also taken steps to increase the financial pressure on Russia and its people due to its attack on Ukraine. Some are selling their stakes in Russian companies, such as energy giant BP, while others such as Harley-Davidson have halted product shipments to the country, the AP noted.
Does Volodymyr Zelensky blame the US for the war?
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Volodymyr Zelensky, this Saturday made strong statements once morest the United States when speaking regarding the war in his country. In the words addressed to Russia, he announced that if they had acted immediately there might not have been a war in his nation; the Russian president, during an emotional Zoom call with 280 senators and members of the United States House of Representatives.
“If you had started the sanctions months ago, there would have been no war,” President Volodymyr Zelensky reported in the middle of the Zoom call that took place this Saturday morning. Zelensky stressed that the situation in Ukraine might have changed with the support of the nations and a stronger sanction on Russia.
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In the call, Zelensky also reported that the presence of Russian troops in Ukraine were the real devils doing evil to the civilians of their nation. At the end of the call, the 280 senators and members of the United States House of Representatives and they promised “Glory to Ukraine.”
“These are demons that are doing this,” President Zelensky announced in the call that took place this Saturday morning. Dozens of lawmakers broke their silence to thank Zelensky for his bravery as the call ended, with some promising “Slava Ukraini”: Glory to Ukraine, according to the Senate source and New York reported. Post.
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