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Visa, MasterCard stop serving Bank Rossiya

Moscow, March 21, 2014

Visa and MasterCard have stopped providing services for payment transactions for clients at Russia's Bank Rossiya, the bank put under US sanctions.

"The management of Rossiya understands the difficulties of clients in the current situation and will do all it can to solve them," the bank said in a statement.

Rossiya said it was working in a "stable regime" and was taking all the necessary legal measures to defend the bank's and its clients' rights and legal interests.

"In connection with the information about US sanctions being imposed on Rossiya we can report that the bank is working in a stable regime. The bank is meeting and will, without a doubt, fully meet all its obligations to its clients and partners," the bank said in a statement. - Reuters




Tags: Russia | Visa |

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