Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Mastercard and Visa cut off Russian banks from their networks: Exodus of foreign firms plunges Russia’s economy into freefall as ruble hits record low and Moscow residents continue scramble for hard currency
- Visa and Mastercard have blocked multiple Russian banks from their network
- It means that many Russians awoke Tuesday unable to use their bank cards
- Everyday Russians have been making runs on banks to withdraw cash
- The ruble has plunged in value amid punishing Western sanctions
- Scores of companies are pulling out of Russia in response to Ukraine invasion
- Other Companies cutting ties with Russia:
- Adidas
- BP
- Dell
- DHL
- Disney
- Ericsson
- FedEx
- GM
- Harley-Davidson
- HSBC
- MasterCard
- Nokia
- Shell
- Sony
- Uber
- UPS
- Visa
- Volvo
- Warner Bros.
- Other Companies cutting ties with Russia:
Read the original article by clicking here.
