Visa and MasterCard, the world's two biggest payment networks, both announced Friday they're stopping services in Crimea, Bloomberg Businessweek reports.
"Visa is now prohibited from offering Visa-branded products and services to Crimea," the company said in a statement. "This means that we can no longer support card-issuing and merchant/ATM acquiring services in Crimea."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - November 24, 2024Cartoons Sunday's cartoons - taped bananas, flying monkeys, and more
-
The Spanish cop, 20 million euros and 13 tonnes of cocaineIn the Spotlight Óscar Sánchez Gil, Chief Inspector of Spain's Economic and Tax Crimes Unit, has been arrested for drug trafficking
-
5 hilarious cartoons about the rise and fall of Matt GaetzCartoons Artists take on age brackets, backbiting, and more
-
DOJ demands changes at 'abhorrent' Atlanta jailSpeed Read Georgia's Fulton County Jail subjects inmates to 'unconstitutional' conditions, the 16-month investigation found
-
China tries to bury deadly car attackSpeed Read An SUV drove into a crowd of people in Zhuhai, killing and injuring dozens — but news of the attack has been censored
-
Menendez brothers may go free in LA prosecutor planSpeed Read Prosecutors are asking for the brothers to be resentenced for the 1989 murder of their parents
-
Abercrombie ex-CEO charged with sex crimesSpeed Read Mike Jeffries ran the brand during its heyday from 1992 to 2014
-
Trump criminal trial starts with rulings, reminderSpeed Read The first day of his historic trial over hush money payments was mostly focused on jury selection
-
Parents of school shooter sentenced to 10-15 yearsSpeed Read Jennifer and James Crumbley are the first parents to be convicted in a US mass shooting
-
Unlicensed dealers and black market gunsSpeed Read 68,000 illegally trafficked guns were sold in a five year period, said ATF
-
Bankman-Fried gets 25 years for fraudSpeed Read Former "crypto king" Sam Bankman-Fried will report to federal prison
