Russian banks that issued UnionPay cards or planned to do so are forced to abandon such projects, RBC said. Photo: Reuters.
Russian banks that have become targets of economic sanctions will not be able to issue cards using China’s UnionPay system, the Moscow-based RBC business daily reported on Wednesday.
UnionPay is wary of cooperating with sanctioned Russian banks due to the risk of secondary sanctions over Moscow’s invasion of Ukraine, the publication cited sources as saying.
Read the full report: RBC.
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