Sberbank to Terminate Currency and Multicurrency Visa Cards from September 2026 Despite Prior Extensions to 2030
Sberbank announced it will cease servicing currency and multicurrency Visa cards starting September 1, 2026, including those whose validity was previously extended until 2030. The bank notified customers via SMS and advised them to close affected cards in advance through the Sberbank Online app or at a branch to avoid access issues with their funds. This decision aligns with ongoing sanctions against Russia, import substitution policies, and the gradual removal of Visa and Mastercard from the Russian market. Central Bank officials, including Elvira Nabiullina and Alla Bakina, have confirmed that international payment systems must exit Russia, with the share of Visa and Mastercard already reduced to less than 17 percent. The National System of Payment Cards continues to incur costs supporting legacy cards while promoting domestic alternatives such as Mir. Customers are encouraged to transfer remaining balances to other accounts to maintain uninterrupted access to their money.
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