Crimea was hit by multiple sanctions on Dec. 26 as Visa said has stopped processing cards and Ukrainian companies stopped transport communications and power supplies to the peninsula, which was annexed by Russia in March.

International

debit and credit card Visa Inc stopped supporting the processing of

cards, citing a week-old set of sanctions by the U.S. Government. All

U.S.-registered companies were prohibited from investing in Crimean

and operating there, including providing services. This ban is a

part of a large package of sanctions imposed by the United States.