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MasterCard suspends all services in Russia

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351–360 of 384 posts

Re: MasterCard suspends all services in Russia

#351
post #113

Earlier quoted context omitted.

Lyon Feuchtwanger, a Jew and anti-fascist who fled Hitler's Germany, lost all his savings in banks in the US, Canada, Britain and France. Because of the sanctions imposed on him as a German citizen. The only bank he still had money in his account in 1945 was ...German.

Any citation on that?

In his books (likely in autobiographical "Unholdes Frankreich")

Re: MasterCard suspends all services in Russia

#352

Earlier quoted context omitted.

Anyone who ran across the border and hoped to get their savings from inside Russia once out were naive (or more likely just in a hurry). This is one of few good use cases for cryptocurrency.

There's a chance that this triggers EU, NATO, and partner countries to ban or heavily regulate cryptocurrencies.

Already on it, according to the director for cybersecurity and secure digital innovation for the US White House National Security Council.

https://events.trmlabs.com/trm-labs/TRM-Talks-Russia-Sanctio...

(They ask you to register to view but viewing is possible without verifying the e-mail)

Re: MasterCard suspends all services in Russia

#353

Earlier quoted context omitted.

So you're suggesting they were peacefully protesting, not blockading an entry point? To what extent can a protest go before the public has the right to force it to stop? Does blaring so many horns continuously so that residential apartments are subjected to 100dB indoors count as peaceful? How bad does it get before the police are allowed to take whatever steps necessary to stop it? And before you say anything about…

It's really weird how from my defence of peaceful protest you've totally pigeonholed me and are now diverging onto BLM and Jan 6. It's weird. >their own tribe This is the problem in your thinking. These 'tribes' you worry about aren't real. It's an artifact of twitter, of terrible reportage, of lazy journalism and muck-slinging that puts lots of different typs of people in one box because that makes it easy to pick o…

> And they're sick of journalists and twitterati calling them - and everyone else, for that matter - nazis because a few lunatics showed up to the protest with nazi flags and got kicked out. It's boring that the media keep falling for this shtick. Every single time.

At least this time the provocateur remembered to iron out the creases on the flag he bought brand new for the occasion. It happens so frequently and so reliably that one can’t help but wonder if the media malfeasance is more than mere laziness. Honest errors are not always biased in one direction.

Re: MasterCard suspends all services in Russia

#354
post #267
post #138

Earlier quoted context omitted.

>There are very few gray areas about what they are doing in Ukraine When you typed this out, did it not occur to you that this feels this way to you due to a self-imposed bubble?

When you typed this out, did it not occur to you that this feels this way to you due to a self-imposed bubble?

Except I can explain both sides of the conflict, and see how the pro-NATO Ukranian regime and Putin have both made moves that have led to this. I can also see how the US is knee deep in it as well. So yes, I see the gray areas.

Re: MasterCard suspends all services in Russia

#355
post #138

Earlier quoted context omitted.

>There are very few gray areas about what they are doing in Ukraine When you typed this out, did it not occur to you that this feels this way to you due to a self-imposed bubble?

When you realise “bubble” just means “loose group of people I tend to have a lot of overlapping views and interests with”, then you are just saying “is the reason you think this is bad is because of your views on what is bad” and… well, yeah. I think you can assume that it does occur to most of us that we are all in a bubble to some extent, and that it’s important to be aware of that when forming your own views. It’s…

Yeah I don't fault people for weighing all of the facts and coming down on one side or the other. But if someone doesn't see that there is a lot of "gray areas", then they have not weighed the facts beyond their bubble. That was my only point.

Re: MasterCard suspends all services in Russia

#356
post #256

Earlier quoted context omitted.

> MasterCard/Visa cards issued in Russia will not work abroad, cards issued abroad will not work in Russia. So it does nothing then. So russians will be able to use visa/mastercard within russia? They just won't be able to use it outside russia. And foreigners can't travel to russia and use visa/mastercard. How many russians are going to travel to another country and use visa/mastercard in the near term? How many for…

It is mostly for show, but your stats are not quite correct. 40%+ internal russian card payments are via their domestic "Mir" system, that is also available in a dozen or so foreign countries: https://en.wikipedia.org/wiki/Mir_(payment_system) MIR cards are often also co-branded with China's UnionPay, and UP is available everywhere Chinese tourists/business people travel, which is pretty much anywhere relevant enough…

We are talking about mastercard/visa here. I never said Mastercard/Visa represented 99% of all credit cards.

Re: MasterCard suspends all services in Russia

#357
post #4

Earlier quoted context omitted.

Interesting that the title says all operations are suspended, but description basically says that foreign cards won't work in Russia and Russian cards work abroad, but does it mean local Russian cards will still work in Russia? That's probably majority of transactions anyway. A bit confused here.

Yes, all cards issues by russian banks (Mir, MasterCard, Visa) work inside of russia, because in 2014 Russian central bank forced all payment systems to work through processing center in Moscow. Besides, Russian banks are already promoting new cards - "Mir + UnionPay", where Union Pay is Chinese alternative to MC and Visa and it should be possible to use new Mir cards everywhere abroad where UnionPay is accepted.

It should not be difficult to differentiate between Union Pay cards issued in Russia vs. China, if there was such a need.

Re: MasterCard suspends all services in Russia

#358
post #333

I don’t understand why we are taking actions that by and large will hurt little people the most.

140 million little people pay taxes to support Putin's invasion. It's the little people's money that supports war crimes.

This is not a country that lives off taxes from the little people, it lives off the sale of natural resources.

Moreover, many people are in a grey area of the economy, paying no taxes at all: for example software developers making software for the West.

Looking at the ridiculous "sanctions" of recent days, I cannot say who they are directed against. In long run, they benefit Russia, preventing leaking of brains and capital.

Re: MasterCard suspends all services in Russia

#359
post #291

Earlier quoted context omitted.

We are isolating Russia and creating a pressure cooker with the intention to blow the lid off(Putin). West is supplying the heat, and the water is comprised of the Oligarchs and Russian people.

You didn't consider the possibility that the lid is too heavy to blow off, and all you're doing is boiling innocent people with no outcome.

Who is "you"?

Re: MasterCard suspends all services in Russia

#360
post #291

Earlier quoted context omitted.

We are isolating Russia and creating a pressure cooker with the intention to blow the lid off(Putin). West is supplying the heat, and the water is comprised of the Oligarchs and Russian people.

You seriously live in a bubble and not suffering the consequences of a corrupt power you can not choose.

Yes.
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