Tag: UnionPay
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China’s UnionPay to follow US sanctions and block Russian banks
Russia planned to start issuing UnionPay cards after Visa and Mastercard disconnected its banking sector, rendering Russian-issued debit and credit cards useless outside the country. UnionPay is unwilling to cooperate with a number of large Russian banks because of the risk of secondary sanctions, RBC learned. Sanctioned banks that issued such cards or planned to […]