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Mastercard blocks multiple Russian financial institutions from network -Breaking

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© Reuters. FILE PHOTO – A Mastercard logo can be seen on this credit card illustration, August 30, 2017. REUTERS/Thomas White

(Reuters) – Mastercard (NYSE) announced late Monday that multiple banks have been blocked from accessing the Mastercard payment network by sanction orders against Russia.

Mastercard said that they will continue working with regulators in order to comply fully with compliance obligations.

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