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This is already the bottom: another international payment system put an end to Russia

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Sberbank, Alfa-Bank‎, and many other banks will not be able to issue a common card of the two Mir payment systems – UnionPay.

International payment system UnionPay decided to terminate cooperation with Russian banks that fell under Western sanctions.

This was reported by the Minister of Digital Transformation Mikhail Fedorov in Telegram.

“UnionPay suspends cooperation with the banks that fell under the sanctions. This means that Sberbank, Alfa-Bank‎, and many other banks will not be able to issue a common card of the two Mir payment systems – UnionPay,” the message says.

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war against Ukraine:

  • February 24, 2022 RF invaded independent Ukraine. Shelling and bombing of Ukrainian cities began. Massively killed the civilian population of Ukraine.
  • On February 27, 2022, information appeared that Belarus could declare war on Ukraine.
  • The occupiers are shelling the peaceful cities of Ukraine. Agreements on green corridors are systematically violated. Evacuation convoys are under fire, which complicates both the evacuation of the civilian population and the delivery of food and medicine to hot spots. There is a humanitarian catastrophe in many settlements.
  • On February 28, the Ministry of Finance of Ukraine applied to international payment systems Mastercard, Visa and American Express with a request to stop servicing all banks of the Russian Federation and Belarus in connection with the full-scale invasion of the Russian Federation into Ukraine.
  • March 1 Mastercard and Visa began blocking access to payment systems of Russian banks. Following in Russia the payment system stopped working Apple Pay.
  • March 17 The National Bank of Ukraine turned to Chinese payment systems China UnionPay and UnionPay International with a call to exit the Russian payment market. In particular, the NBU urged to stop servicing all transactions with China UnionPay and UnionPay International payment cards both on the territory of the Russian Federation and issued by banks from the Russian Federation outside of it.
  • On April 13, 2022, foreign online stores began block payments using cards of the Chinese payment system UnionPay.

You may also be interested in the news:

The bottom is getting closer: Russia admitted that the occupier’s economy is falling

Not long to wait: the terms of the complete default of Russia are named

The World Bank will send Ukraine $1.5 billion – the money will go to critical services

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