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Russia switches to Chinese credit card banking system

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The deadly alliance between Russia and China has moved into banking. Visa and Mastercard suspended all of their services in Russia after Ukrainian President Volodymyr Zelensky had a phone call with U.S. lawmakers. The move by the credit card companies was announced on Saturday, just days after they had blocked Russian banks from access to their networks.

In a statement, Visa announced the company will “cease all Visa transactions” in Russia. On Sunday, Reuters reported that “several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system couples with Russia’s own Mir network.”

Russia’s biggest lender, Sberbank, as well as Alfa Bank and Tinkoff made the announcements to switch to the Chinese system. Visa Chairman and Chief Executive Officer Al Kelly said in a statement: “We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed.”

Visa and Mastercard issued their statements just 16 minutes apart. “We don’t take this decision lightly” said Mastercard in a statement. According to Representative Brad Sherman (D-CA), Zelensky asked the lawmakers on a private video call to turn off Mastercard and Visa for Russia.

The Associated Press reported that “Russia accounted for 4 percent of all of Visa’s net revenue in its last fiscal year, while business conducted within, into and out of Russia similarly accounted for 4 percent of Mastercard’s net revenues in 2021.”

The Associated Press also reported that “since the invasion of Ukraine, the value of the Russian currency, the ruble, has plunged by more than a third to a record low.”

As a result, inflation is dramatically increasing “for Russian households, and all the fear has helped cause long lines at ATMs.”

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5 Comments

5 Comments

  1. James

    March 7, 2022 at 8:52 am

    When the west plays its last hand and weaponises the only threat it has left, you know it is in its death throws.
    When Asia pivots away from the $ as the global reserve currency, they will follow their mo and resort to war. Oh wait!

  2. Pherbia Stephens

    March 7, 2022 at 10:52 am

    I pray all Americans and Christian people will get out of Russia, then let Russia sink.

  3. Steven bennett Williams

    March 7, 2022 at 2:30 pm

    Will this affect the United States

  4. TellTheTruth-2

    March 7, 2022 at 5:00 pm

    Years ago Lyndon LaRouche explained US Dollars are held all over the world because people see them as a thing of value. He also explained, if the Dollar ever loses its place as the World’s Reserve Currency, those TRILLIONS of Dollars held overseas would return to the USA so fast you will hear the whooosh and the USA would go into an immediate deflationary depression.

    That’s why the neoCONs are pushing for a war with Russia. The fake joo bastards want to destroy the USA and when they do, they’ll all flee to Israel when they think they’ll rule the world from

  5. Gerry d'Aquino

    March 9, 2022 at 3:27 am

    So now credit cards have become weaponized as a political tool. All I see is cancel culture taking the west by force. You will reap what you sow, eventually.

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Immigration

Majority of Americans believe cartels have more control over border than our government

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The Vice President of the United States claimed, only days ago, that the U.S. southern border is “secure.” Not only did her comment receive severe pushback from lawmakers and border agents and agencies, but the American people don’t buy her rhetoric.

A poll published Thursday by RMG Research shows a majority of Americans “believe cartels have more control over the southern border than the U.S. government.”

Sixty-one percent of registered voters surveyed said that cartels had greater control of the border, compared to 19 percent who said the government has more control. Twenty percent of respondents were “not sure.”

National Review reports:

The poll surveyed 1,200 registered voters from September 20 to 21, and was conducted online by Scott Rasmussen. The margin of error is +/- 2.8 percent.

The majority of voters surveyed, 54 percent, responded that the federal government is not “seriously trying to secure the border and reduce illegal immigration.”

Sixty percent of voters said the “failure of the federal government to secure the southern border” is a bigger problem that governors like Ron DeSantis sending illegal immigrants to Martha’s Vineyard, and 63 percent said it is “hypocritical” for sanctuary cities, like Martha’s Vineyard, to complain when illegal immigrant are sent there.

Another poll by CRC Research obtained exclusively National Review showed that 63 percent agree that sanctuary cities like Chicago, New York City, and Washington, D.C., should share the burden of having illegal immigrants with border states.

The rampant hypocrisy of Democratic lawmakers was on full display after Florida Governor Ron DeSantis sent 50 illegal immigrants to the Martha’s Vineyard, the liberal playground vacation destination in Massachusetts.

Within 24 hours, Democratic lawmakers in Martha’s Vineyard blasted the Florida governor for being “cruel,” then gave the illegal immigrants shelter and food, before putting them on busses and taking them away; ridding their town of the burdensome migrants they claim to support.

Washington, D.C., mayor Muriel Bowser has also said her city “is not a border town,” is “not Texas,” and doesn’t have the infrastructure to handle this type of and level of immigration to our city.”

The poll also shows voters believe ending illegal immigration is important. 83 percent of respondents said it was important, 55 percent said it would have a positive effect on the economy, and 44 percent said it would “significantly reduce crime.”

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