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Russia invests in homegrown tech with Visa and Mastercard out of the picture

22
May
2014

Americas sanctions against Russia have already had an impact on high-level space and satellite projects, but its clear this is just the beginning of the growing technological separation between East and West. Ordinary Russians are starting to be affected too, especially now that Mastercard and Visa are forbidden from processing many of their credit card transactions. According to Bloomberg, the Kremlin sees the disappearance of US-based financial services as a betrayal.

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