The Western Union Company stands with the world in condemning the unprovoked and unjustified invasion of Ukraine.
„We have engaged in extensive dialogue with a wide variety of stakeholders in an earnest effort to arrive at the right decision regarding our services in Russia and Belarus. We have thoroughly evaluated internal and external considerations, including the consequences for our valued teammates, partners, and customers. Ultimately, in light of the ongoing tragic impact of Russia’s prolonged assault on Ukraine, we have arrived at the decision to suspend our operations in Russia and Belarus,” the company said in a press release.
The action is a further blow to flows of money in Russia. Western Union provides international money transfer and payments services in more than 200 countries and 130 currencies.
In an interview with the BBC, Ukrainian Central Bank Governor Kyrylo Shevchenko had called on Western Union to „cease deliveries of cash to Russian and Belarusian banks.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
