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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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Nation

Canadian-U.S. border illegal crossings up 240% over previous year

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The vulnerability of the northern border of the United States is being weaponized in the war on illegal migration. 2023 saw a 240% increase of individuals apprehended from just one year prior. Not only is the border with Canada significantly longer than its border with Mexico, but its ports of entry are often understaffed while the Customs and Border Protection (CBP) is forced to prioritize the southern surge.

According to recent data from U.S. Customs and Border Protection, in 2023 authorities halted over 12,000 migrants attempting illegal crossings at the Canadian border. The number is a 240% increase from the preceding year when 3,579 individuals were apprehended.

ADN America reports that approximately 70% of the illegal crossings took place along a 295-mile stretch along the northern New York, Vermont, and New Hampshire border called the Swanton Sector.

Chief patrol agent for the sector, Robert Garcia, posted on social media that the 3,100 individuals apprehended were from 55 different countries. 

Garcia wrote “the record-breaking surge of illegal entries from Canada continues in Swanton Sector” and he specifically mentioned that the arrest of 10 Bangladeshi citizens was prompted by a citizen’s report in Champlain, New York.

Surprisingly, ADN reports:

A significant number of those engaging in illegal crossings are Mexicans who exploit the opportunity to fly to Canada without a visa, also avoiding the presence of cartels in their home countries.

Experts suggest that migrants can purchase a $350 one-way plane ticket from Mexico City or Cancun to Montreal or Toronto. This route is perceived as offering a lower likelihood of being turned away compared to those crossing the southern border.

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