Visa and Mastercard have previously adapted their operations in Russia by breaking off collaborations with sanctioned banks.
Now, however, the selection will be expanded, according to the card companies.
Mastercard announces that cards issued by Russian banks will no longer be supported by the Mastercard network, which in practice mainly poses problems for people who shop across national borders.
"As a result of this decision, no cards issued outside the country will work at Russian merchants or at Russian ATMs," the company said in a statement.
Cards issued in Russia will also not work outside the country's borders.
However, they will still operate within the country, so the transactions will probably be transferred to Russia's own payment network Mir, writes the Wall Street Journal.
Visa in turn gives a similar message.
Their cards are also stopped for use across national borders, the company writes in a press release.
"We have to act after Russia's unprovoked invasion of Ukraine and the unacceptable events we have witnessed," Visa's CEO Al Kelly said in a press release.
Russia is an important market for card companies.
By 2020, the companies together accounted for 74 percent of the payment transactions in the country, writes the Wall Street Journal.
More and more large companies are acting
The card companies are the latest in a long line of large companies that have now marked against the Russian invasion.
On Saturday, for example, the South Korean tech giant Samsung announced that deliveries to the country will be stopped.
Microsoft and Apple, among others, have previously given similar messages.
In addition, a large number of retail chains, including Ikea and H&M, have chosen to close their stores in Russia.
Last in line is the Spanish fashion giant Inditex, which owns the Zara brand.
On Saturday, the company announced that all 502 stores in the country will be closed.
The company then stated that they planned special support for the 9,000 employees affected, but gave no further details on what it would look like.
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