11.Mar .2022 00:00

Western Union suspends operations in Russia, Belarus

Western Union suspends operations in Russia, Belarus
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Western Union suspended operations in Russia and Belarus on Thursday, joining a growing number of businesses that have pulled out from the region following Moscow's war on Ukraine.

"The Western Union Company stands with the world in condemning the unprovoked and unjustified invasion of Ukraine. All of us share the shock, disbelief, and sadness around this tragedy and humanitarian disaster. Our hearts go out to the people of Ukraine and to our colleagues, customers, agents, and partners who have been impacted," reads the statement of the company. 

"For the past weeks, our teams have been working to support our Ukrainian customers, including the millions who have been forcibly displaced, in the best ways we can. This includes donations to support humanitarian relief efforts and fee-free money transfer services."

Pursuant to the statement, the company also have engaged in extensive dialogue with a wide variety of stakeholders in an earnest effort to arrive at the right decision regarding their 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."

"We join the international community in expressing sincere hope for a diplomatic and peaceful resolution. Meanwhile, our priorities remain the well-being and safety of our employees as well as continuing to support the people of Ukraine, including the growing number of refugees seeking safety," reads the statement.