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PayPal has suspended its services in Russia, citing Moscow’s hostility

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            PayPal Holding Inc, an American payment business, halted its services in Russia on Saturday, blaming Moscow’s “violent military assault in Ukraine”, according to PayPal President and CEO Dan Schulman in a letter to the Ukrainian government.

“PayPal supports the Ukrainian people and joins the world community in denouncing Russia’s aggressive military attack in Ukraine”, according to the letter delivered to Ukraine’s Deputy Prime Minister Mykhailo Fedorov, who is also Ukraine’s Minister of Digital Transformation.

“We are now halting PayPal services in Russia due to the present situation. We are also doing everything we can to help our employees in the region at this extremely difficult period”, the letter stated.

Fedorov, Mykhailo: We received a letter from PayPal CEO @Dan Schulman. So, it’s official: PayPal is ceasing operations in Russia. The letter also discussed the activities that PayPal has initiated to help the humanitarian effort in Ukraine. Apple has halted all product sales in Russia and has limited the availability of Apple Pay and other services in the nation. Meta, Google, TikTok, and YouTube, among others, have blocked Russian state-owned media sites RT and Sputnik in Europe.

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