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Visa suffers losses due to sanctions against Russia
Visa and MasterCard in March ceased to provide services for the payment transactions for customers. After that, it was decided to establish a Russian national payment system.
The world's largest payment system Visa announced that the United States imposed sanctions against Russia had a negative impact on the volume of transactions, and in the long term revenue growth will slow in the current quarter, reports Reuters. This statement caused a drop in the company's shares by 5%.
"We have become hostages of the US policy and the policy of Russia", - said the director of Visa's financial matters Byron Pollitt. He said that at present in Russia issued 100 million cards.
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The world's largest payment system Visa announced that the United States imposed sanctions against Russia had a negative impact on the volume of transactions, and in the long term revenue growth will slow in the current quarter, reports Reuters. This statement caused a drop in the company's shares by 5%.
"We have become hostages of the US policy and the policy of Russia", - said the director of Visa's financial matters Byron Pollitt. He said that at present in Russia issued 100 million cards.
Source
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