The Latest Breaking News from Mastercard

Apple, Samsung, Nike, Mastercard, Visa and Ikea are among the companies that have taken action in response to war in Ukraine

Mastercard said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work at Russian stores or ATMs

Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. "Noting the unprecedented nature of the current conflict and the uncertain economic environment," Mastercard said it had "decided to…

It followed a call between US lawmakers and Ukrainian President Volodymyr Zelensky

Card payment giants join growing Western corporate boycott imposed on Russia since its invasion of Ukraine.

Russian President Vladimir Putin threatened the existence of Ukrainian statehood as his army's invasion of the neighbor faces stiff resistance Sunday and his economy is increasingly asphyxiated by sanctions. In the latest efforts to freeze Moscow out of the world economy, US-based card payment giants Visa and Mastercard announced they…

US President Joe Biden, during a conversation with Volodymyr Zelenskyy, welcomed the decisions of Visa and Mastercard to suspend services in Russia, the White House said

Visa and Mastercard had previously announced more limited moves to block financial institutions from the networks that serve as arteries for the payments system

U.S. President Joe Biden, in a call with Ukrainian President Volodymyr Zelenskiy, welcomed decisions by Visa and Mastercard to suspend their operations in Russia, the White House said on Saturday.