The Chinese support sanctions against Russia: UnionPay cards have not been a lifeline for the Russians

Cards can be issued, but they are very limited.

Russian banks continue to issue and plan to issue UnionPay cards . However, why do banks in Russia do this, because UnionPay can hardly be considered a panacea for the Russians. RosZMI writes about it.

Yes, Absolut Bank expects to start issuing in the third quarter. After that, it is planned to issue co-tagging cards with the MIR payment system. In addition, Rosbank, Ak Bars Bank and Home Credit Bank are also working on the issue of UnionPay. However, according to Russia's Kommersant, the Chinese have refused to cooperate with sanctioned banks, and some Russians are complaining. that their UnionPay cards are not taken in stores.

Read also: Russia is increasing oil exports despite Western sanctions – Nikkei

Earlier it was reported that the NBU has appealed to Vietnam, Turkey, Kazakhstan and three other countries with a request to stop servicing Russian WORLD cards.

It will be recalled that Visa and Mastercard payment systems have officially announced that suspend work in Russia and stop all card transactions.

Based on materials: ZN.ua

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