PayPal Visa and Mastercard stop all operations in Russia

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VISA suspended all of their operations in Russia. Now MasterCard says they will stop all of their operations in Russia; cards issued to Russians will also no longer work after their country invaded and attacked Ukraine 10 days ago.

Paypal Zara and Samsung joined the chorus of international firms to suspend trading in Russia after it invaded Ukraine.

The clothes retailer’s owner, Inditex, will shut all 502 stores of its eight brands, including Bershka, Stradivarius and Oysho, from Sunday.

Payment giant Paypal cited “violent military aggression in Ukraine” as the reason to shut down its services.

Samsung – Russia’s top supplier of smartphones – is suspending shipments over “geopolitical developments”.