Visa announced "prompt measures" to comply with sanctions against Russia

The international payment system Visa is taking "prompt measures" to enforce sanctions imposed on Russia over a special military operation in the Donbass, it said in a statement. The company said that it is also ready for possible new restrictions if they are introduced.

The company said that its foundation will provide UNICEF with $2 million to provide humanitarian assistance to the country, and send donations to the Red Cross.

On the morning of March 1, Mastercard announced that it had disconnected several Russian financial institutions from its payment system due to sanctions. About which banks in question, the company did not specify.

Clients of sub-sanctioned banks will not be able to pay with Visa and Mastercard cards abroad and in online stores registered in countries that support sanctions. However, the already issued cards of these payment systems will continue to be valid in Russia, since payments are processed domestically by the internal National Payment Card System, created in 2014.