Tajikistan Halts Service Of Unionpay Cards Issued By Gazprombank
Date
11/26/2024 2:12:30 AM
(MENAFN- Trend News Agency)
DUSHANBE, Tajikistan, November 26. Tajikistan
has put the brakes on the UnionPay cards issued by Gazprombank,
leaving cardholders high and dry when it comes to withdrawing cash
from local ATMs, Trend reports.
The disruption is a result of new US sanctions imposed on
November 21, which targeted Gazprombank. UnionPay cards issued by
the bank no longer have access to services in multiple
countries.
Following its addition to the US Treasury Department's sanctions
list, Gazprombank had previously issued a warning about potential
problems with card services abroad.
Several days ago, banks in Kazakhstan, Uzbekistan, and a number
of other countries stopped servicing UnionPay cards issued by
Gazprombank.
Gazprombank was established in 1990. The Bank operates multiple
subsidiaries, representative offices, and linked banks in Armenia,
Belarus, Kazakhstan, China, Mongolia, Hong Kong, India, South
Africa, Switzerland, and Luxembourg. Gazprombank, abbreviated as
GPB, is a privately owned Russian financial institution that ranks
as the third largest bank in the nation by assets. Gazprombank
serves as a primary conduit for transactions involving Russian oil
and gas.
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