Modern technology gives us many things.

American Express suspended cooperation with partners in Russia

0 31

The company promised to “follow the laws” as the situation with sanctions against Moscow develops further

The American financial company American Express suspends cooperation with partners in the Russian Federation amid the imposition of sanctions.

This is stated in a statement by the company, published on Tuesday on its website .

“We have a small business relationship in Russia that includes one card issuing partner and several others using merchant acquiring to process payments. Since the beginning of this crisis, we have followed the sanctions of the US and international partners, which led to us suspending our cooperation with partner banks in Russia, and will continue to follow all relevant laws as the situation develops.

Earlier, the head of Mastercard, Michael Mibach, said that the American financial corporation Mastercard blocked access to its payment system to “many financial institutions” due to anti-Russian sanctions imposed in connection with the situation around Ukraine. The American transnational company Visa, which owns the payment system of the same name, in turn stated that it is taking measures to ensure the enforcement of restrictions in connection with the situation in Ukraine.

On February 24, Russian President Vladimir Putin announced a special military operation in Ukraine in response to an appeal by the leaders of the Donbass republics for help. He stressed that Moscow’s plans do not include the occupation of Ukrainian territories. As stated in the Russian Defense Ministry, the Russian military does not strike at cities, but disable only the military infrastructure, so nothing threatens the civilian population. After that, the US, EU, UK, as well as a number of other states announced that they were imposing sanctions against Russian individuals and legal entities.

Leave a comment