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.

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