Visa and Mastercard restricted transactions in Russia as aggressive penalties on the country over the invasion of Ukraine.
Around $1.2 billion of Visa Inc.’s annual net revenue comes from Russia and Ukraine.
4% of Visa’s total net revenue comes from Russia and about 1% from Ukraine.
In this case, my price target for the stock is the $187 resistance, while the sell-off area could touch $174 - $183.