Visa and Mastercard Russian cost base under scrutiny

Visa and Mastercard Russian cost base: It would be cheaper for Visa and Mastercard to quit Russia than to remain open for business, according to a report compiled by US Bank Morgan Stanley. The Russian Bear: Impacts on V and MA global investment puts the cost of keeping their businesses running in Russia at $1bn and $1.9bn for MasterCard and Visa respectively compared to a bill of $160m and $350-$470m if they left Russia altogether. RIA Novosti