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Russia’s Gazprombank has alerted clients overseas to imaginable outgo disruptions with China’s UnionPay cards aft being targeted by caller U.S. sanctions, the RBC quality website reported Friday.
“There whitethorn beryllium difficulties with the UnionPay outgo strategy cards overseas from Nov. 21. If you are extracurricular Russia, we urge utilizing cash,” Gazprombank said successful a statement.
UnionPay issued a akin advisory to its Russian cardholders regarding planetary use.
Gazprombank, the largest Russian lender not antecedently taxable to U.S. sanctions, was 1 of implicit 50 Russian fiscal institutions targeted by the U.S. Treasury connected Thursday. Despite the sanctions, Gazprombank said its home operations stay unaffected.
Russian banks began issuing UnionPay cards aft Visa and Mastercard suspended services successful Russia pursuing the country’s full-scale penetration of Ukraine successful 2022. However, UnionPay cardholders from Russian banks person since reported challenges making payments successful the U.S., Israel, Europe, Asia and the Middle East.
The U.S. has warned overseas fiscal institutions of secondary sanctions if they assistance Russia bypass restrictions.
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