Cards of the Chinese payment system UnionPay, issued by banks that have fallen under the new US and UK sanctions, may stop working abroad, RBC reports, citing notifications from credit institutions sent to customers.
In particular, Zenit Bank’s client mailing list says that “due to the imposed sanctions,” transactions with UnionPay cards abroad may be “suspended in the near future,” so customers are advised to “promptly withdraw the necessary funds.”
In turn, Uralsib Bank also warned of the possible occurrence of “problems with UPI cards for customers located abroad of the Russian Federation” and recommended withdrawing cash. Similar mailings were also made by MTS Bank and Bank St. Petersburg.
Recall that on the eve of these banks were introduced blocking US sanctions. Being on the SDN list means blocking all assets located in the United States, stopping operations in dollars, as well as the risks of introducing secondary sanctions against partner companies. In total, 5 out of 12 Russian issuers of UnionPay cards listed on the website of the payment system fell under the new US sanctions.
Source: Rosbalt
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