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Russia clarified the situation related to sanctions on bank cards

Russia clarified the situation related to sanctions on bank cards

Due to the circumstances in the world, Russia’s banking and financial sector has been sanctioned. Visa and Mastercard have recently suspended their operations in Russia due to sanctions. This week the Central Bank of Russia issued new statements to clarify the situation with bank cards of these companies. All cards of these companies will continue to work in Russia as usual until their expiration date. All funds on users’ cards remain safe. However, due to the sanctions imposed, international transactions with these cards are no longer possible. The Central bank also advised all Russians to get a World (Mir) card and use it abroad or travel with cash. But it is worth noting that according to a newer statement by the central bank, the issuance of foreign cash currency is suspended until September.

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