Visa and Mastercard may finally be pushed out of Russia for good

The Bank of Russia says Visa and Mastercard cards should be removed from the Russian market, despite still being supported domestically years after the two payment giants suspended operations in Russia.

Former hedge fund manager and market analyst Alex Krainer joins RT to discuss what this means for Russia’s financial sovereignty, the rise of the MIR payment system, and why sanctions have failed to deliver the economic collapse predicted in the West.