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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

South Korean town rattled by rogue canine alert
New members of elite Swiss Guard sworn in to protect the pope
Man accused of abducting, raping 13-year-olds at Airbnb had plans for OnlyFans, US feds say
Pakistan court orders jail for wife of former PM Imran Khan, lawyer says
Exclusive-India's Modi, chasing reform legacy, shifts income goals for struggling farmers
OpenAI releases ‘deepfake’ detector to disinformation researchers
Murder trial opens in death of Detroit-area teen whose disappearance led to grueling landfill search
Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers
Russia's biggest airstrike in weeks piles pressure on Ukraine power grid
TikTok challenges potential US ban in court

Others Also Read