Both companies handle 90% of all debit and credit card payments outside of China - and their announcements will deal another significant blow to the Russian economy.
Ukraine invasion: Facebook and Instagram to block RT and Sputnik in the UK following government request
Visa and Mastercard's move will substantially increase financial pressure on Russia and its consumers. The rouble has hit record lows against the dollar, inflation is surging and the country's central bank has raised interest rates dramatically.of banning all Russians from their platforms - with cryptocurrency exchanges coming under scrutiny for their refusal to act.
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