Arab Today, arab today visa mastercard block transactions for sanctioned banks
Last Updated : GMT 09:57:31
Arab Today, arab today
Arab Today, arab today

Visa, Mastercard block transactions for sanctioned banks

Arab Today, arab today

Arab Today, arab today Visa, Mastercard block transactions for sanctioned banks

Moscow - AFP

Visa and MasterCard have stopped servicing the credit cards of customers using Russian banks affected by the economic sanctions announced in Washington, the banks said Friday. Bank Rossiya, used by close associates of President Vladimir Putin, said in a statement that Visa and MasterCard had "without warning stopped providing its payment services to the bank's clients." An affiliate bank, Sobinbank, which is 100 percent-controlled by Bank Rossiya, was also affected. Bank Rossiya was hit by a fresh wave of Washington sanctions announced Thursday, which also targeted several billionaire businessmen believed to be close to Putin. Clients of the banks are now unable to use their credit cards to make purchases or to withdraw money from cash machines not belonging to the banks. SMP Bank, which is controlled by brothers Arkady and Boris Rotenberg who were among those blacklisted Thursday, also said its clients were unable to make Visa and MasterCard payments. US President Barack Obama on Thursday said the list of Russians targeted by sanctions had been extended to include oligarchs and bankers believed to be close to Putin, including Gennady Timchenko and Yuri Kovalchuk. Bank Rossiya was listed separately as a target for sanctions. Americans and American businesses, such as Visa and MasterCard, are forbidden from any dealings with anyone targetted by the sanctions and any assets they might have in the United States are frozen. Putin responded Friday by vowing to open an account at Bank Rossiya on Monday. SMP Bank said in a statement that it believed the move was "unlawful" because the sanctions targeted not the bank but its shareholders. None of the banks affected have a major high-street presence, but Bank Rossiya is used by companies within Gazprom energy giant to pay salaries to staff, the Interfax news agency reported. Russia's Central Bank said in a statement about Bank Rossiya on Friday that "the operations that come under sanctions are not having a significant impact on the financial stability of the credit organisation". "If necessary suitable measures will be taken to support the credit organisation and give reliable protection of the interests of its account holders and creditors," the Central Bank added.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today visa mastercard block transactions for sanctioned banks Arab Today, arab today visa mastercard block transactions for sanctioned banks

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday