March 22, 2023

Urgent Notification—US Sanctions imposed on Russia – MasterCard


Please find below notification sent from MasterCard for your urgent attention. Should you have additional questions do not hesitate to contact your account representative.

Subject:  Urgent Notification—US Sanctions imposed on Russia

Issue:  Due to US sanctions announced on Monday, 28 April 2014, MasterCard must immediately shut down its business with the following customers:

Principal:         Severny Morskoy Put Open Joint Stock Company (OJSC)

Affiliates:        InvestCapitalBank

            Commercial Bank Investment Union

            CJSC Regionalny Commerchesky Bank

Action:  Blocks are currently being implemented across MasterCard systems.   This includes blocking all activity in authorization, clearing, settlement, billing, and other core systems.  All customers will need to terminate any MasterCard activity with the above institutions IMMEDIATELY UPON RECEIPT OF THIS NOTIFICATION and can expect to see transaction declines by MasterCard as of 28 April 2014.

If you have additional questions, please contact your Customer Operations Services representative.


MasterCard Worldwide


CIBC FirstCaribbean Merchant Support


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