Visa and Mastercard suspend Russian operations

Visa and Mastercard have announced they will suspend all operations in Russia in protest at its invasion of Ukraine.

Cards issued by Russian banks will no longer be supported by their networks, the payments giants said on Saturday.

Both firms have also said that cards issued abroad will no longer work at businesses or ATMs in Russia.

But Russia's major banks, including state-backed Sberbank, have already downplayed the impact the move will have on their clients.