Russia-Ukraine war, Sberbank is working on the possibility of issuing Mir co-badged cards
After international sanctions and blocking of circuits Visa-Mastercardthe Russia seeks refuge in neighboring China: Sberbank is working on the possibility of issuing co-badged cards from Mir, an active payment system in China and managed by Unionpay. Interfax reports it. Sberbank has already made it known that the sanctions announced by Visa and Mastercard, that by suspending operations due to the invasion of Ukraine, they will not affect the users of the cards that have been issued in Russia.
“Sberbank is working on the possibility of issuing cards with Mir-UnionPay“the main Russian bank said in a statement.” We are already working on issuing cards UnionPay, the national payment system of China. With this card, we can make payments in 180 countries around the world, “Alfa Bank also said on his Telegram account. According to Russian news agencies, Rosbank, Tinkoff-Bank, Raiffeisen and MKB have indicated that they are also working on the same project. Russia, especially its financial and banking sector, has been targeted by sanctions on a scale never seen since the invasion of Ukraine.
Russia-Ukraine war, Biden: “The stop to the Visa-Mastercard service in Russia is good”
In his conversation with the President of Ukraine, Volodymyr Zelenskyy, US President Joe Biden highlighted the ongoing actions he is taking with his allies and private industry to raise costs on Russia for its aggression in Ukraine. In particular, reports the White House, “welcomed the decision of Visa and Mastercard to suspend the service in Russia “.
Biden stressed that his administration is increasing security, humanitarian and economic assistance to Ukraine and is working closely with the Congress to secure further funding and reiterated its concern over the recent Russian attack on a Ukrainian nuclear power plant. The US president finally, he praised the skill and courage of the Ukrainian operators who kept the reactors in safe conditions.
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