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The Chinese payment system UnionPay has stopped cooperating with Russian banks

The use of the card of double payment systems “Peace” from UnionPay is no longer available to Russian banks that have come under sanctions

China’s national payment network UnionPay has refused to cooperate with Russian banks that have come under sanctions. This was announced by Minister of Digital Transformation Mikhail Fedorov.

“Sberbank, Alfa-Bank, VTB and other Russian banks can no longer send messages through the card of dual payment systems “Mir”- UnionPay,” he said.

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Source ubr
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