Sanctions-hit SMP says Visa, MasterCard stop providing services


  • World
  • Friday, 21 Mar 2014

MOSCOW (Reuters) - Visa Inc and MasterCard Inc have stopped, without notification, providing services for payment transactions for clients at Russia's SMP bank, whose main shareholders were hit by U.S. sanctions, the bank said on Friday.

Washington imposed additional sanctions on Thursday against 20 Russians for involvement in the Ukraine crisis, including Boris Rotenberg and his older brother Arkady, who received large contracts for the Sochi Winter Olympics. They are co-owners of SMP Bank.

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