Russian Banks Switch To Chinese Card System | ZeroHedge

…..Reuters has confirmed this development, writing that “several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system coupled with Russia’s own Mir network, after Visa and MasterCard said they were suspending operations in Russia.” State-owned UnionPay is the provider of most card payments in China.

Announcements regarding the switch to UnionPay came on Sunday from Sberbank, Russia’s biggest lender, as well as Alfa Bank and Tinkoff. 

As Bloomberg adds, the move could allow Russians to make some payments overseas, with UnionPay operating in 180 countries and regions

Russian Banks Switch To Chinese Card System As AmEx Joins Visa & MasterCard In Suspending Russian Operations | ZeroHedge

What kind of blowback will the US face from forcing Russia into using Chinese money, rather than US dollars for credit card transactions, oil purchases/sales, wheat and other resource sales?