Oil prices are hovering below $ 100 a barrel, following the US decision to launch part of its strategic stocks.
The ruble is stabilizing after yesterday’s sharp devaluation. At 100: 1 the exchange rate with the dollar.
Mastercard and Visa block transactions from Russia
Mastercard Inc. announced late Monday that it had excluded many financial institutions of Russia from its payment processing network under sanctions imposed on Moscow over the invasion of Ukraine by the Russian armed forces.
Mastercard stated that it will continue to work with regulators in the near future in a press release. He also promised to donate $ 2 million to provide humanitarian assistance to the victims of the conflict.
Visa followed up with a statement saying it was taking steps to ensure compliance with the sanctions and would also comply with any additional sanctions that may apply.
On Saturday, the United States and its allies announced that they would take action against the Russian central bank and exclude many of the largest Russian banks from the international payment system of the Swiss company SWIFT. On Monday, EU sanctions were imposed on Russia’s central bank.
Moscow calls the action of its armed forces in Ukraine a “special operation”.
Many Russians rushed to ATMs and formed long queues on Sunday amid concerns that bank cards could become obsolete or that banks could impose a capital check – limiting the possibility of withdrawals – due to Western sanctions. Russia’s central bank raised its benchmark interest rate dramatically yesterday and announced it would instruct exporters to sell off their foreign exchange reserves.
Follow Skai.gr on Google News
and be the first to know all the news
