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After Visa, Mastercard suspension, Russia to issue cards using China's UnionPay

After Visa and Mastercard suspended operations, Russian banks said that now they planned to issue cards using China's UnionPay system. Russian lenders like Sberbank and Alfa-Bank said that they are working on a rollout of UnionPay cards. Sberbank, in a statement said, "Sberbank is working on the possibility of issuing co-branded Mir-UnionPay cards. We will inform you later about the timeframe for the issue."  Meanwhile, Alfa Bank said that it is "already working on launching...
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