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Russian banks rush to switch to Chinese card system
Reuters ^

Posted on 03/06/2022 5:09:40 AM PST by McGruff

Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator's system coupled with Russia's own Mir network, after Visa and MasterCard said they were suspending operations in Russia.

Announcements regarding the switch to UnionPay came on Sunday from Sberbank (SBER.MM), Russia's biggest lender, as well as Alfa Bank and Tinkoff.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; News/Current Events; Russia
KEYWORDS: bidenforeignpolicy; china; mastercard; russia; ukraine; visa
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1 posted on 03/06/2022 5:09:40 AM PST by McGruff
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To: McGruff

This thing is gonna push Russia,Red China,Iran and other psychopath nations closer together.


2 posted on 03/06/2022 5:12:10 AM PST by Gay State Conservative (Covid Is All About Mail In Balloting)
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To: Gay State Conservative

They already were.


3 posted on 03/06/2022 5:13:03 AM PST by mewzilla (God bless Canada's and America's Freedom Truckers!)
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To: Gay State Conservative

Exactly. Almost enough to make one think this was the plan.

China the clear winner so far—and that likely will escalate.


4 posted on 03/06/2022 5:13:36 AM PST by 9YearLurker
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To: Gay State Conservative

And ours and the EU’s Deep States are allied with them.


5 posted on 03/06/2022 5:13:54 AM PST by mewzilla (God bless Canada's and America's Freedom Truckers!)
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To: Gay State Conservative

And India now...


6 posted on 03/06/2022 5:14:27 AM PST by Skywise
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To: mewzilla
Meanwhile...

China raises defence budget to $230 billion, 3 times that of India

7 posted on 03/06/2022 5:16:53 AM PST by mewzilla (God bless Canada's and America's Freedom Truckers!)
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To: McGruff

Time to sanction China too.

Why wait until they invade Taiwan?

At least tell them that it will happen if they do. Put it on the table.

Jesus instructed his disciples, Knock the dust off your shoes at their door, remove your blessings, and depart.


8 posted on 03/06/2022 5:17:16 AM PST by tired&retired (Blessings )
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To: McGruff

I think we should have a moratorium on Chinese imports if they are going to partner with Russia. We need a leader in America, not a ice cream eater.


9 posted on 03/06/2022 5:18:23 AM PST by 1Old Pro
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To: McGruff

The US needs to immediately sanction Unionpay and the People’s Liberation Army, and any business that is tied to it. Destabilize the Chinese economy amd government and Russia has no where to turn to. It also stops China from invading Taiwan. (I also move carriers and troops over there).


10 posted on 03/06/2022 5:18:33 AM PST by Thunder90 (All posts soley represent my own opinion.)
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To: Gay State Conservative

Good,defining evil the countries.


11 posted on 03/06/2022 5:18:58 AM PST by QuigleyDU ( )
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To: McGruff

If this keeps playing out, everyone’s gonna be a loser.


12 posted on 03/06/2022 5:19:43 AM PST by USAF1985 (Joe McCarthy is a hero...he was absolutely, 100% correct! (Let’s go Brandon!))
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To: 1Old Pro

We’re still buying oil amd commodities from Russia. It’s going to take Congress passing sanctions to cut that off (Looks like that’s going to happen and it will be veto proof) Same goes for the EU.


13 posted on 03/06/2022 5:20:42 AM PST by Thunder90 (All posts soley represent my own opinion.)
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To: McGruff

Be a good time to cyber attack the Chinese card system(s)


14 posted on 03/06/2022 5:21:31 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: tired&retired
Time to sanction China too.

It was time to sanction Red China when they were knocking on the door for WTO admission and MFN status.

The political will isn't there. The sanctioning is going the other way around. Try being an NBA owner or player and saying something bad about the world's largest prison.
15 posted on 03/06/2022 5:23:19 AM PST by Dr. Sivana (“...life is very good without Facebook and that we would live very well without Facebook."-B.LeMaire)
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To: Dr. Sivana
The sanctioning is going the other way around. Try being an NBA owner or player and saying something bad about the world's largest prison.

We're getting beat like a drum

16 posted on 03/06/2022 5:25:51 AM PST by 1Old Pro
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To: Gay State Conservative

The Russians and Chinese already have an assumed new Ribbentrop/Molotov deal as they stand by and cheer each other’s naked aggressions. NATO outspends Russia 20-1 militarily now. You and I will bankroll the new Cold War arms race for NATO in Eastern Europe, just like all of them since 1949 (after we bankrolled WWII). Where will the Russians get their trillions to keep up? Who could have ever seen this coming? The West has forced Russia to go to China, hat in hand, looking for help and an anti American alliance. Russia will immediately become a client state of the CCP doing China’s bidding on the European continent. When the new arms race bankrupts NATO or destroys it in WWIII who will be there to pick up the pieces? GD CCP, that’s who. This Chinese ploy is more brilliant than their Covid western society reset gaslighting. Incredibly, the Chinese are using the exact same disinformation campaign, with the help of their lackeys and fellow travelers in the West, to accomplish this.


17 posted on 03/06/2022 5:28:59 AM PST by hardspunned (former GOP globalist stooge)
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To: 1Old Pro
I think we should have a moratorium on Chinese imports if they are going to partner with Russia.

Well, that would crash our economy hard - with devastating consequences for the party "in power" at the moment. So if somebody can talk Joe into it, they are welcome to try. :)

The West hasn't even really cut Russia entirely out of SWIFT yet. That was political theater, because the Germans can't afford to go that far.

18 posted on 03/06/2022 5:29:34 AM PST by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: McGruff

Most Western banks take Unionpay.


19 posted on 03/06/2022 5:30:04 AM PST by Thunder90 (All posts soley represent my own opinion.)
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To: mewzilla

us and them

crush the little people


20 posted on 03/06/2022 5:34:15 AM PST by SisterK (recognize and resist tyranny)
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