NewStats: 3,265,218 , 8,186,046 topics. Date: Friday, 13 June 2025 at 10:21 PM 3n4uv

After receiving multiple sanctions against its financial system following the war against Ukraine, Russia has found an alternative.

Visa and Mastercard ed the growing list of western financial companies that announced plans to withdraw from Russia. Looking for alternatives, the nation’s central bank said it has turned to China’s UnionPay system.

- President Vladimir Putin launched a “special military operation” against Ukraine less than two weeks ago, which still continues until this day with no real endgame in sight for either side.
- NATO and the EU decided not to escalate the conflict by getting involved directly through military actions of their own. Instead, they opted for a more 21st-century option – imposing all sorts of sanctions against the country, the oligarchs, people around Putin, and ordinary citizens.
Most of those measures targetted the Russian Federation financial system. Among the first ones was removing multiple banks from SWIFT.
- During this weekend, it became known that some of the largest western financial companies will also halt servicing Russians, including Visa, Mastercard, and PayPal.
- While speculations arise whether locals will turn to cryptocurrencies, given the skyrocketing trading volume since the war started, Russia’s central bank outlined another solution.
- The institution said that local lenders will be able to use China’s UnionPay system. Founded 20 years ago and headquartered in Shanghai, China, UnionPay (known as CUP or UPI internationally) operates in over 180 countries, according to Russia’s central bank.
It’s also worth noting that the organization said UnionPay could work together with Russia’s own payments system – Mir.

https://cryptopotato.com/russia-turns-to-chinas-unionpay-system-amid-visa-and-mastercard-departures/

They are trying to tell us and nato that no man is an island.

China will benefit most from this war. The benefits will stroll inform of will power, economic boost, military strategy and stron bilateral relationships.

inspirator1:
China will benefit most from this war. The benefits will stroll inform of will power, economic boost, military strategy and stron bilateral relationships.

Absolutely. The US and EU will just succeed in pushing Russia further towards China and that may lead to more problems for them in the long term. I think they should intead negotiate with Russia and offer them guarantees in exchange for the end of hostilities.

China is the ultimate winner of this war, China already won.
Not Russia, not Ukraine, nor the West but the Chinese without firing a single shot.

Nice one. Let mastercard and PayPal carry their shakara back to the USA. They think other platforms wouldn't be there to take their place in a big country like Russia.

L

Twitter vs Crowwe

RIP to visa and MasterCard
Na chinko u wan use play?
China'spopulation is 1b, the card is used in over 180 countries
More cash out for China. Russia don use back door enter market again..

Union pay


Comedy!

Who accepts union pay? Union Bank?

No nation will win more than China after this war.

Ukraine will be the biggest losers.

Putin no wan cool down
Let me be watching

The west go collect

Wahala for Russian citizens

If we have 2 countries like Russia the world would have been turned to ashes and dust by now.

CoronaVirusPro:
Union pay


Comedy!

Who accepts union pay?

Over 180 countries.

The 2nd fastest growing global payment system.

Good move ... Europe needs Russian oil

It's becoming a war between Russia-China and the rest of the world.

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This is what China has always craved for. This war will make Russians do more business with China and the Chinese yuan will be more used since America is starving Russia of its dollar. This helps pushes the yuan more into the global market.

Wasted effort

Good

I've been seeing several internet warriors on this site blaming Zelensky for the war and calling him foolish for not yielding. It's appaling really the percentage of 21st century youths that are empty. So the president and leader of a country should lay down and yield his country and people to a foreign invader without a fight? Thank goodness you guys are not leading anything.

Good move. The West's coming for China, am sure the Chinese leaders won't want USA sanction on there business. This nah real game to learn from. Wow

Education is top notch. Literacy level is higher than even America.

Noted

dustydee:

Absolutely. The US and EU will just succeed in pushing Russia further towards China and that may lead to more problems for them in the long term. I think they should intead negotiate with Russia and offer them guarantees in exchange for the end of hostilities.

They should negotiate that Russian should take over Ukraine abi?

Union pay?! What's that

How many places accept Union pay. In addition a lot of systems and integrations needs to be changed/worked on. Na today work? Many corporations in Russia would rather downscale and wait a little bit

People asking who accepts Unionpay are just ignorant. China is the number one trade destination.

Russia export more than they import. The issue of sanctions will cripple the European companies doing business with Russia. You only get goods from Russia when you make payment that they can acknowledge.

Russia and China dey align and the alignment dey give Big Uncle Ben and NATO sleepless night because you never can tell

Just like the way FG choose Indian KOO. app after banning Twitter, body go soon tell them.