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Ukraine urges Visa and MasterCard to halt Russian cards

Asia should follow sanctions set by U.S. and Europe, central bank chief says

Ukraine Central Bank Governor Kyrylo Shevchenko is asking Visa and Mastercard to halt transactions of their credit cards issued in Russia to add further pressure to Putin's regime.    © Reuters

LONDON -- Ukraine is urging Visa and MasterCard to halt transactions of their credit and debit cards issued by Russian banks, its central bank chief said, a move that it hopes will add further pressure to the Russian regime that is already facing a raft of international sanctions.

Kyrylo Shevchenko, governor of the National Bank of Ukraine, told Nikkei Asia in a written interview, "We look forward to further decisive steps and solutions aimed at restricting the aggressor's access to the global financial system." Shevchenko also said Ukraine "highly appreciates the solidarity and support that our international partners are showing today."

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