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Visa and Mastercard may return to Russia after losing tens of billions

tdpel
By tdpel
Published: April 28, 2022 | 1:18 PM GMT

Visa and Mastercard may come back to the Russian market, but it is difficult to say when exactly this may happen due to both political and technical issues, economist Vladimir Grigoriev said in an interview with lenta.ru.
On April 27, it was reported that Visa evaluated the losses that the company suffered after the decision to pull out from the Russian market at about $60 billion.
“I think they may return, but it is very difficult to predict when exactly. This is an economic issue that directly depends on the military and political situation. Everything else will depend on the results of the special operation in Ukraine, when Western international companies may decide to resume their activities in Russia. Some retailers already come back, so Visa and Mastercard are not going to stand aside,” the economist believes.

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About tdpel

Pelumi Emmanuel is an accomplished writer and journalist with over 15 years of experience in the industry. He is a passionate and dedicated professional who is committed to producing high-quality content that informs, engages, and entertains readers. Pelumi’s love for reading and writing is evident in his work, which has been read worldwide and has garnered him a loyal following. His journalistic expertise is matched only by his natural talent for storytelling, making his articles both informative and engaging. He lives in California, USA.