Western Union halts services in Russia and Belarus

Tuesday 15 March 2022 10:28 CET | News

Money transfer company Western Union has announced it also condemns the invasion of Ukraine and suspended its operations in Russia and Belarus.

Since the conflict began, Western Union has been working to support its Ukrainian customers, including those who have been forcibly displaced. This includes donations to support humanitarian relief efforts and fee-free money transfer services.

The company has evaluated internal and external considerations, including the consequences for its teammates, partners, and customers. Ultimately, in light of the ongoing impact of Russia’s assault on Ukraine, it has arrived at the decision to suspend its operations in Russia and Belarus.

Western Union joins the international community in expressing hope for a diplomatic and peaceful resolution. Meanwhile, its priorities remain the well-being and safety of its employees as well as continuing to support the people of Ukraine, including the growing number of refugees seeking safety.

Western Union’s platform provides seamless cross-border money flows and its global financial network bridges more than 200 countries and territories and over 130 currencies. It connects consumers, businesses, financial institutions, and governments through its network, accessing bank accounts, digital wallets and cards, and a wide network of retail locations.

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Keywords: Western Union, cross-border payments, money transfer, Russia Ukraine War, financial sanctions
Categories: Payments & Commerce
Countries: Belarus, Russian Federation
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Payments & Commerce

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