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Mastercard blocks multiple financial institutions over sanctions on Russia

2 March 2022 08:00 (UTC+04:00)
Mastercard blocks multiple financial institutions over sanctions on Russia

By Trend

Mastercard Inc said late on Monday it had blocked multiple financial institutions from its payment network as a result of sanctions imposed on Russia, Trend reports citing Reuters.

Mastercard will continue to work with regulators in coming days, the company said in a statement. It also promised to contribute a $2 million for humanitarian relief.

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