Businessweek – 5/20/14: A sanctions showdown between Moscow and Washington could soon produce its first major U.S. casualties. Visa (V) and MasterCard (MA) may pull out of Russiabecause a new law there would require them to pay steep fees to continue operating in the country. The legislation, enacted after Visa and MasterCard stopped processing payments at four Russian banks hit by U.S. sanctions earlier this year, would force the card companies to keep hundreds of millions of dollars in collateral on deposit at Russia’s central bank. The money could be forfeited if they suspend services in the future.
Click here to read more:

Subscribe to the comments for this post?

Share this on Facebook

Share this on LinkedIn

Email this to a friend?

Share this on

Add this to Google Reader

Share this on Technorati

Seed this on Newsvine

Share this on Blinklist

Share this on FriendFeed

Add this to Google Bookmarks

Post on Google Buzz

Post this to MySpace

Share this on Plaxo

Submit this story to Propeller

Add to a lense on Squidoo

Stumble upon something good? Share it on StumbleUpon

Share this on Tumblr

Buzz up!

Leave a Reply

Your email address will not be published.