Ukraine’s Vice Prime Minister Mykhailo Fedorov has urged China’s state-owned UnionPay to align with global sanctions and cut ties with Russia. “Russian money is bloody! It helps Russian missiles attack dwelling houses, kindergartens, and hospitals in Ukraine, and kill civilians!” Fedorov posted in Chinese on Twitter on March 12, calling on UnionPay International (UPI), a subsidiary of China UnionPay that offers cross-border transactions, to suspend services in Russia. The latest message followed a March 8 post with the same message written in English, along with a letter sent to UPI’s CEO Li Xiaofeng. Fedorov pressed the company to stop doing business in Russia until the country’s attacks on Ukraine end with fair order restored. Aided by the Chinese Communist Party, which has largely sided with Moscow and refused to denounce its invasion of Ukraine, UnionPay is the provider of most card payments in China and is used in 180 countries …
‘Stop Using Blood Money’: Ukrainian Vice PM Calls on China’s UnionPay to Cut Services in Russia
March 13, 2022
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