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PayPal suspends services in Russia

Online payment platform joins slew of major firms in imposing sanctions

Updated 4 years ago · Published on 05 Mar 2022 8:30PM

PayPal suspends services in Russia
Many countries, especially European Union members and the United States, have announced sanctions on the Russian economy, and major companies have also halted their services in the country, including Volkswagen, IKEA, H&M, and Siemens. – AFP pic, March 5, 2022

ISTANBUL – Online payment platform PayPal today suspended its services in Russia, citing the war in Ukraine.

According to the Russian News Agency, PayPal CEO Dan Schulman said, “The company stands with the international community in condemning the military operation in Ukraine,” Anadolu Agency reported.

Many countries, especially European Union members and the United States, have announced sanctions on the Russian economy, and major companies have also halted their services in the country, including Volkswagen, IKEA, H&M, and Siemens.

According to UN figures, at least 331 civilians have been killed and 675 injured in Ukraine since the start of the war on February 24.

More than 1.2 million people have also fled to neighbouring countries, according to the UN refugee agency. – Bernama, March 5, 2022

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