The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country.Payment firms Visa and Mastercard are suspending operations in Russia as part of the international response to its decision to invade Ukraine. The U.S.
“We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” stated Al Kelly, chief executive officer of Visa Inc. He also expressed regret about the consequences for Visa’s Russian partners, clients and cardholders. Cards issued by Russian banks will no longer be supported by the Mastercard network. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs.U.S. President Joe Biden has welcomed the decisions by Visa and Mastercard in a phone call with Ukraine’s President Volodymyr Zelensky.
Yes, Russia will now have to look for new opportunities, and people will have to learn how to invest usdt in crypto.
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Have to do the same in India and China as that's where Russian wealth has moved to previous to attacking Ukraine!
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of course not. Just affecting their own shareholders. No surprise if they sell.
It is better to change fiat to crypto anyway either it BTC or $usdt.
Part of their plan. Not as part of sanctions.
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Sanctions are not very effective. You need to come up with something more efficient and much more effective that will have weight.
More reasons for Russians to stick with crypto such as USDT
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