Russia Responds to Credit Card Cutoff by Turning to China

Assessment: The strengthening of economic ties between Russia and China also bodes ill for the future. If we don’t end up in a world war this week, we will be facing a revitalization of the old Cold War-era ties between two powerful nations that are fundamentally antagonistic to the United States … As I noted recently, Visa and MasterCard have suspended operations in Russia because, as Visa’s Al Kelly put it, of “Russia’s unprovoked invasion of Ukraine, and

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