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, Mastercard said it has blocked “multiple financial institutions” from its payment network in response to sanctions.
Neither firm stated which institutions are covered by the sanctions, though the list reportedly features a slew of Russian financial institutions including the country’s second-largest lender VTB, Russia’s central bank and entities designated as “Specially Designated Nationals,”Both payment firms said they would continue to work with regulators to implement any further sanctions and each pledged to donate $2 million to Ukraine relief aid.
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