Masteersard and Visa do not disconnect the cards of banks that fell under new sanctions

Masteersard and Visa have not yet disconnected cards of banks that fell under the third wave of US sanctions, since new restrictions do not affect their activities, ITAR-TASS reports with reference to representatives of these systems.

"The sanctions, the introduction of which was announced on Wednesday, July 16, apply to access to specific banks to the US capital market and do not affect our activities," commented on the Masteersard.

“The new US economic sanctions package does not affect VISA operations in Russia. We continue to process transactions as usual as usual,” the agency explained in the press service of this payment system, clarifying that work in the standard also goes to the VEBA Bank-Bank and Bank GLOBEX Bank.

Earlier, in March of this year, against the backdrop of the next sanctions of Visa and Master Card, they refused to serve cards of a number of Russian banks. After that, the Russian authorities decided to create a national payment system.

Recall that this time Rosneft and Novatek, Gazprombank and Vnesheconombank, as well as eight armament producers were subjected to American sanctions .

This time the White House coordinated his steps with the European Union, which on the same day introduced its own sanctions against Russia. In particular, financing of projects in Russia through the European Bank of Reconstruction and Development and the European Investment Bank ceases. Until the end of July, the EU can also expand its sanctions lists.

In relation to the four of these companies, measures are half -hearted: they have lost the opportunity to attract funding in the United States, although the assets of companies in the United States will not be affected, American citizens and legal entities will not be prohibited from conducting ordinary operations with these banks and companies.

The New York Times writes that these steps will increase the cost of borrowing for these banks and companies that will be forced to look for other sources of financing. Gazprombank, in particular, has loans (with a maturity of more than 90 days) in an amount of $ 8.2 billion.

Rosneft and Novatek are public companies, so sanctions will inevitably affect the quotes of their shares.

Two Russian banks, which have so far have wide access to the American capital market, will be closed to lending for a term of over 90 days. Their short -term operations will not be limited.

The Russian stock market reacted by the fall of key indices by more than 3%. The dollar and euros are growing.