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MasterCard Suspends Transactions with Russian Banks, Visa to Follow

On February 28, U.S. credit card giant MasterCard announced that it has excluded several Russian banks from its payment network. This was in response to financial regulations against Russia put forth by the U.S., Europe, and Japan. On March 1, U.S. Visa also announced its intention to take similar measures.

Nihon Keizai Shimbun