PayPal is suspending its services in Russia in response to the country’s “violent military aggression in Ukraine”.
Mykhailo Fedorov(Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine) tweeted out a letter from Dan Schulman (CEO of PayPal), confirming the company’s decision to shut down its operations in Russia.
We received a letter from @Dan_Schulman, CEO PayPal. So now it’s official: PayPal shuts down its services in Russia citing Ukraine aggression. Thank you @PayPal for your supporting! Hope that soon you will open it in for 🇺🇦 pic.twitter.com/RaJxEMSLQe
— Mykhailo Fedorov (@FedorovMykhailo) March 5, 2022
“Under the current circumstances, we are suspending PayPal services in Russia,” Shulman says in the letter. “We are also doing all that we can to support our staff in the region during this deeply difficult time.”
PayPal, which had only allowed cross-border transactions by users in Russia, stopped accepting new users in the country on Wednesday.
Slowly all big companies are trying to be with Ukraine. They are shutting down their facilities for Russia or Russians. Maybe they are trying to say, “We are not with you Russia. We are with Ukraine and we will try our best to be with Ukraine as long as we can.”
It’s really a very good choice for companies. Humanity is still alive.