Visa: sectoral U.S. sanctions will not affect the operations of banks with cards

Visa: sectoral U.S. sanctions will not affect the operations of banks with cards


Under the US sanctions hit such banks, as “Sberbank-Capital”, Sberbank Europe, “Sberbank Finance”, Novikombank, Interbank and Mosoblbank, as well as many others. The sanctions do not affect operations on transactions using Visa cards.

MOSCOW, 23 Dec. Sectoral U.S. sanctions against Russian banks will not affect card transactions, reported the press service of the international payment system Visa.

On Tuesday, the US extended sanctions list against Russia by adding 34 individuals and legal entities.

“Visa confirms that sectoral sanctions, reported the Treasury Department on 22 December 2015, do not affect operations on transactions using Visa cards,” — said the official representative of Visa.

In particular, in the list of sectoral sanctions of the USA were added, Banco VTB Africa, “daughter” VTB in Kazakhstan, Armenia, Austria, Belarus and the Ukraine; “VTB-24”, “VTB insurance”, “VTB Leasing”.

In addition, the list includes “daughter” of Sberbank in Belarus, Ukraine, Kazakhstan, Switzerland, and “Sberbank-Capital”, Sberbank Europe, “Sberbank capital”, “Sberbank insurance”, and Sberbank investments “Sberbank Leasing”, non-state pension funds (NPF) Sberbank and VTB, as well as the online payment service “Yandex.Money.”

In mid-March 2014 after the USA introduced sanctions against several Russian companies and individuals as Visa and MasterCard without any notification has ceased to conduct customer transactions of Bank “Russia”, SMP Bank, as well as their subsidiaries Sobinbank and InvestCapitalBank. In response to these actions of the government of the Russian Federation decided to create a national payment system, which was named NPCs.