After Russia's attack on Ukraine, Mastercard has also taken a big step. Let us tell you that Russia's invasion of Ukraine has entered its sixth day with the bombing of the second largest city Khariv.
Even the Kremlin is facing growing isolation on the world stage. According to media reports, the Russian convoy with hundreds of its tanks and vehicles has reached the outskirts of the capital Kyiv.
In the midst of all this, Mastercard has blocked several financial institutions from its payment network as a result of sanctions imposed on Russia due to the attack on Ukraine.

Mastercard says that the company will continue to work with regulators in the coming days. The company has also pledged to contribute $2 million towards relief work. On the contrary, Visa Inc. says that the company is continuously working to ensure compliance with the restrictions and that any additional restrictions that may be implemented will also be complied with by the company.
It is worth noting that recently the US and its allies had announced to take action against the Central Bank of Russia and to exclude Russian banks from the SWIFT international payment system.Let us tell you that after this announcement, the people of Russia broke down at the ATM and there were long queues. Due to the attack on Ukraine, various sanctions are being imposed on Russia by many countries including America. Even Nasdaq Inc (NDAQ.O) and Intercontinental Exchange Inc (ICE.N) NYSE have temporarily suspended trading in shares of Russian companies listed on their exchanges.