UnionPay refused to work with Russian banks subject to sanctions
The Chinese payment system UnionPay is afraid to cooperate with large Russian banks that have come under blocking sanctions. RBC writes about this, citing sources. We are talking, in particular, about Sberbank, Alfa-Bank, Otkritie, VTB and Promsvyazbank. Three sources told RBC that these banks would not be able to issue UnionPay cards, two more said that the Chinese company had put the negotiations on hold without explanation.