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

News /
19 minutes ago
Erika Kirk Named CEO of Turning Point USA After Husband’s Murder

Economy /
21 minutes ago
Texas Cities, Counties Pinch Pennies Amid Slowing Economy

Crime /
36 minutes ago