02.11.2023, 19:20
UnionPay cards will stop working abroad from November 3
Source: OREANDA-NEWS
OREANDA-NEWS UnionPay payment system cards of the Russian Standard bank, which has fallen under US sanctions, will stop working abroad from November 3. This was announced by the bank's support in the official chat of UnionPay card holders from the "Russian Standard".
"We are very sorry, but from November 3, UnionPay payment system cards issued by the bank will stop working abroad," the support said.
Against the background of being subject to US sanctions, Russian Standard recommends its customers abroad to withdraw cash from cards, as transactions on UnionPay payment system cards abroad may be suspended in the near future. The commission for withdrawals abroad on November 2 and 3 will be refunded. At the same time, UnionPay cards will continue to work in Russia, it follows from the press service of the credit institution.
In addition, the cards of the Russian payment system "Mir" issued by the bank work in some foreign countries, both in stores and in bank ATMs (you can get acquainted with the current list on the payment system's website), the Russian Standard reminded.
The sanctions will not have a significant impact on the work of the "Russian Standard". The bank's services are operating as usual, the press service stressed.
"As usual, bank cards of all payment systems in Russia work, transfers by phone number and card number," the credit institution clarified.
The US Treasury has included several Russian banks in the sanctions lists, including Absolut Bank, Pochta Bank, HCF-Bank, Russian Standard, EBRD, Rusregionbank, Blank Bank (formerly Vesta, a daughter of ICD). The St. Petersburg Stock Exchange and East West United Bank (Luxembourg-based AFK Sistema bank) also fell under US sanctions. In total, sanctions have been expanded against almost 200 Russian organizations and 30 individuals.
SDN-list (SDN, Specially Designated Nationals) implies the toughest blocking sanctions. US citizens and permanent residents of the country are prohibited from doing business with companies from this list.
About 40 Russian banks and financial institutions are already under Western sanctions.
Russian Standard Bank was founded in 1999 by businessman Rustam Tariko. According to the information on the credit institution's website, the main shareholder of the bank is the holding company CJSC "Russian Standard Company".
"We are very sorry, but from November 3, UnionPay payment system cards issued by the bank will stop working abroad," the support said.
Against the background of being subject to US sanctions, Russian Standard recommends its customers abroad to withdraw cash from cards, as transactions on UnionPay payment system cards abroad may be suspended in the near future. The commission for withdrawals abroad on November 2 and 3 will be refunded. At the same time, UnionPay cards will continue to work in Russia, it follows from the press service of the credit institution.
In addition, the cards of the Russian payment system "Mir" issued by the bank work in some foreign countries, both in stores and in bank ATMs (you can get acquainted with the current list on the payment system's website), the Russian Standard reminded.
The sanctions will not have a significant impact on the work of the "Russian Standard". The bank's services are operating as usual, the press service stressed.
"As usual, bank cards of all payment systems in Russia work, transfers by phone number and card number," the credit institution clarified.
The US Treasury has included several Russian banks in the sanctions lists, including Absolut Bank, Pochta Bank, HCF-Bank, Russian Standard, EBRD, Rusregionbank, Blank Bank (formerly Vesta, a daughter of ICD). The St. Petersburg Stock Exchange and East West United Bank (Luxembourg-based AFK Sistema bank) also fell under US sanctions. In total, sanctions have been expanded against almost 200 Russian organizations and 30 individuals.
SDN-list (SDN, Specially Designated Nationals) implies the toughest blocking sanctions. US citizens and permanent residents of the country are prohibited from doing business with companies from this list.
About 40 Russian banks and financial institutions are already under Western sanctions.
Russian Standard Bank was founded in 1999 by businessman Rustam Tariko. According to the information on the credit institution's website, the main shareholder of the bank is the holding company CJSC "Russian Standard Company".
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