Global Payments

Dilemma for Visa and MasterCard in Russia: Whether to Stay or Go

June 11, 2014
Mercator Research

Large new fees could make operating difficult, but the Russian market still beckons

With escalating tensions between Russia and the United States over actions taken in Ukraine resulting in economic and financial sanctions on Russia, Visa and MasterCard have found themselves caught in the middle —between the proverbial rock and a hard place.

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