Report: Chinese Credit Card Processor Rebuffs Russian Banks
Share
China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its war on Ukraine, cutting off a possible alternative after Visa and Mastercard stopped serving them, according to the Russian news outlet RBC.
American officials have warned that governments or companies that try to undermine sanctions will face consequences. RBC said UnionPay wanted to avoid such “secondary sanctions.”
Read more from ABC News
RELATED TOPICS:
Categories
Latest
Videos
Local /
3 minutes ago
Kings County Highway 41 Blocked by Multi-Vehicle Collision
World /
7 minutes ago
Dubai Billionaire Criticizes Trump Over Iran Conflict
World /
13 minutes ago
Iran’s Government Appears Intact, if Degraded, US Spy Chief Says
U.S. /
21 minutes ago





