That's pushing up inflation for Russian households, and all the fear has helped cause long lines at ATMs.around the world have also made moves to increase the financial pressure on Russia and its people because of its attack on Ukraine. Some are selling their stakes in Russian companies, such as energy giant BP, while others like Harley-Davidson halted product shipments to the country.
"This war and the ongoing threat to peace and stability demand we respond in line with our values," Visa's Kelly said. The moves by Mastercard and Visa could make real differences to their bottom lines. Russia accounted for 4% of all of Visa's net revenue in its last fiscal year, including money made from domestic and cross-border activities. Ukraine accounted for about 1%, Visa said in a filing with U.S. securities regulators this week.
Mastercard said in its own filing that about 4% of its net revenues during 2021 came from business conducted within, into and out of Russia. Another roughly 2% was related to Ukraine.
The Party has to pressure companies to stop doing business in Russia. When this starts affecting average Russians, they will overwhelmingly support Putin. That's when he'll start getting really aggressive. Then DNC will get the war we Democrats so desperately want. BidensWar
More needs to be done...things that China can't help with. Make Putin realize the ramifications of his power hungry decisions.
Chinese banks are bailing them out.
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Russia banks are already leaving you guys. Let's see who will cry last 😂😂😂
Another win for China here. Wait and see.🤣
Looser will be visa Mastercard.
Umm Nidal
Tell the full story, not a narrative u want to push....
⚫︎Putin is afraid that his war crimes will be known to the Russian citizen & soldier. ⚫︎Can Russian billionaires accept the termination of international transactions? ⚫︎The president never exist alone.If you stop Putin's supporters, change happens.
We will now boycot visa MasterCard and PayPal for suspending the accounts of citizens unrelated to Putin’s actions. See how these bankers can easily destroy innocent lives and livelihoods? Time to stop using such services.
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