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I think they could order Visa / Mastercard / etc. to ban payments to that entity, but 99% of the cases there are ways around it, just ask Putin, he always knows a way to sell petrol to EU / US
I think they could order Visa / Mastercard / etc. to ban payments to that entity, but 99% of the cases there are ways around it, just ask Putin, he always knows a way to sell petrol to EU / US