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After Visa, Mastercards, China's Unionpay Also Suspends Operations In Russia

As per media reports, the payment processor is reportedly worried about being the target of sanctions from the US and other countries if it works with sanctioned Russian banks ....

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Live updates | Ukraine demands corridor for Mariupol holdout

KYIV, Ukraine A senior Ukrainian official is demanding that the Russian military open. ....

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Shift to a Multipolar World

The war in Ukraine has proven to be a catalyst, pushing the world towards a new, multipolar order, that threatens to change everything from global dominance of the US dollar, to supply chains and international alliances. ....

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FOXNEWS The Ingraham Angle March 8, 2022 08:47:00

Now we were talking earlier about the financial squeeze that this is putting on americans and others with the increasing gas prices. obviously the west trying to put a huge financial squeeze on russia. part of that is persuading major companies to pull out of russia and companies such as visa, american express and mastercard have cut ties with banks. so now russian banks are turning to allies in china to help them get around those difficulties. joining us now via skype, rochelle, he s a founding partner of macro advisors llc and a visiting research fellow with the university of san diego school of business. good to have you here, mitch. so the russians are turning to something out of china called unionpay. explain to our viewers what that is and if it is a true replacement for visa, mastercard, et cetera. it s basically the chinese competitor for a visa, mastercard and american express ....

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Ukraine war: Russia turns to China for bank card microchips as Western sanctions bite

More Russians are using the domestic Mir payment system, and some banks are issuing the cards in a co-brand with China’s UnionPay. ....

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