Visa and Mastercard stop servicing Crimean card transactions

Visa and Mastercard have announced that they will no longer service card transactions executed in Crimea. “Due to the latest U.S. sanctions imposed against Crimea by [Barack Obama’s] Executive Order of Dec. 19, 2014, Visa is now prohibited from offering Visa-branded products and services to Crimea,” a statement issued by Visa on Boxing Day confirmed.”This means that we can no longer support card issuing and merchant/ATM acquiring services in Crimea.” A similar statement was also issued by MasterCard shortly afterwards. rbth