Entering SDN means blocking all US assets, stopping transactions in dollars. It also implies the risks of imposing secondary sanctions against partner companies.
Reportedly, UnionPay may be disabled for sanctioned Russian banks. Therefore, it is worth withdrawing cash “in the near future” for financial security.
Bank Saint-Petersburg also warned about this.
“Due to Primorye Bank being placed on the US sanctions list, transactions made abroad with UnionPay cards may be blocked. Primorye Bank, in a statement on its Telegram channel, said that if you are abroad or going abroad, we recommend that you withdraw cash as soon as possible.
Source: Ferra
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