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American Express is ceasing operations in Russia and Belarus

The credit card can be seen in front of the displayed American Express logo in this image
FILE PHOTO: Credit card is seen in front of the displayed American Express logo in this July 15, 2021 illustration. REUTERS/Dado Ruvic/Illustration

March 6, 2022

WASHINGTON (Reuters) – American Express Co said on Sunday it was suspending all operations in Russia and Belarus and joining a growing number of Western companies in boycotting operations there over Moscow’s invasion of Ukraine.

“In light of Russia’s continued unwarranted attacks on the people of Ukraine, American Express is suspending all operations in Russia,” the credit card company said in a statement on its website.

“We are also ceasing all business activities in Belarus,” American Express said.

American Express follows US counterparts Visa Inc and Mastercard Inc, which announced the cessation of their Russian operations the day before, and payments company PayPal Holdings Inc.

American Express said its globally issued cards would no longer work at merchants or ATMs in Russia. In addition, cards issued by Russian banks in Russia would no longer work outside the country on American Express’ network.

The company said it has already suspended its ties with Russian banks hit by US and international sanctions.

(Reporting by Chris Gallagher, Editing by Chris Reese)

https://www.oann.com/american-express-suspends-operations-in-russia-and-belarus/?utm_source=rss&utm_medium=rss&utm_campaign=american-express-suspends-operations-in-russia-and-belarus American Express is ceasing operations in Russia and Belarus

Caroline Bleakley

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