Global banking system faces split as Russians turn to Chinese
Lenders including Sberbank and Alfa Bank plan to move to China's UnionPay system for their customers' bank cards - although an expert today said the move would still involve disruption.
Stay updated with breaking news from Face Pay. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Lenders including Sberbank and Alfa Bank plan to move to China's UnionPay system for their customers' bank cards - although an expert today said the move would still involve disruption.
TikTok suspended new content and live streaming abilities in Russia in response to the country's new 'fake news' law, which threatens imprisonment for sharing what authorities consider to be false info.
Airbnb CEO Brian Chesky (left) on Thursday announced the suspension of all bookings in Russia and Belarus, while Microsoft also said it would halt the sale of a products in Russia.
MOSCOW (Reuters) - Queues of people snaked through Moscow shopping malls on Tuesday as the scramble for hard currency continued, and Russians faced increasing isolation as sanctions made travel harder
Visa and Mastercard are the latest Western companies to cut off or curtail their business activities in Russia following sanctions that have sent the Russian economy into freefall.