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Russia sanctions will have wider impact than its targets: bankers

Banks will be extra careful not to do business with anyone linked to US blacklist

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Published Fri, Mar 21, 2014 · 10:00 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Moscow

AMERICAN and European sanctions against Russia are already having a ripple effect beyond their immediate targets, with Visa and MasterCard halting payment transaction services for clients of a bank not even on the blacklist.

SMP bank's co-owners are two of the 20 Russians targeted by US President Barack Obama as he tries to punish Russian President Vladimir Putin for annexing Crimea.

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