After receiving multiple sanctions against its financial system following the war against Ukraine, Russia has found an alternative.
Visa and Mastercard joined the growing list of western financial companies that announced plans to withdraw from Russia. Looking for alternatives, the nation’s central bank said it has turned to China’s UnionPay system.
NATO and the EU decided not to escalate the conflict by getting involved directly through military actions of their own. Instead, they opted for a more 21st-century option –all sorts of sanctions against the country, the oligarchs, people around Putin, and ordinary citizens.
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