other material
confidence high
sentiment neutral
materiality 0.75
Mastercard suspends network services in Russia following Ukraine invasion
Mastercard Inc
- Cards issued by Russian banks will no longer be supported on Mastercard network inside or outside Russia.
- Mastercard cards issued outside Russia will not work at Russian merchants or ATMs.
- Company has nearly 200 colleagues in Russia; will continue pay and benefits.
- Decision follows prior blocking of financial institutions and consideration of employee and stakeholder perspectives.
- Mastercard states it will work to restore operations when permissible and appropriate under law.