UnionPay is afraid to cooperate with a number of large Russian banks because of the risk of secondary sanctions, RBC learned. Sanctioned banks that issued such cards or planned to do so are forced to abandon projects Large Russian banks that have been under blocking sanctions from Western countries will not be able to issue UnionPay cards, as the payment system is afraid to cooperate with them because of the risk of secondary sanctions. RBC was told about this by five sources in large banks, including those that fell under sanctions. An interlocutor close to Sberbank said that the bank’s...