American Express is joining Visa, Mastercard and PayPal in suspending operations in Russia following its invasion of Ukraine, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
TikTok announced Sunday (March 6) it won’t allow livestreaming in Russia because of the country’s “fake news” law, intended to silence dissent and cut down on information on the invasion of Ukraine, Bloomberg reported. Get the Full Story Complete the form to unlock this article...
Numerous Russian banks have said they plan to begin issuing cards using the Chinese UnionPay card operator system, combined with the Mir network from Russia, Reuters reported Sunday (March 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In today’s top Europe, Middle East, and Africa news, bitcoin and ethereum investors donated $20 million to Ukraine in the wake of Russia’s invasion of the country; and German aircraft maker Volocopter has raised $170 million in a Series E funding for its electric passenger air...
Foreign businesses that want to get out of Russia can either receive fast-track bankruptcy protection or turn their operations over to local managers, the country’s First Deputy Prime Minister Andrei Belousov said Friday (March 4). Get the Full Story Complete the form to unlock this...
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The U.S. has imposed more sanctions, this time against Russian oligarchs, in a bid to hit the ultra-wealthy in that country, according to a Reuters report Thursday (March 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In today’s top Europe, Middle East and Africa news, as the hammer comes down on Russians banking in the West, companies are scrambling to open accounts in China, while German regulators prepare to close the European arm of VTB, Russia’s the second-largest bank. Get the...
Days after several Russian banks were reportedly barred from SWIFT, the international messaging system used to process payments, the European Union is considering adding banks in Belarus to the forbidden list, Reuters reported Thursday (March 3). Get the Full Story Complete the form to unlock...
