MILAN, Italy – American Express in the latest credit card company to announce it is ending its operations in Russia as its invasion into Ukraine escalates.
On Sunday, the company said in a statement that globally issued American Express cards will no longer work in Russia, and cards issued in Russia won’t work outside the country.
American Express also said it is ending its business operations in Belarus.
‘This is an addition to the previous steps we have taken, which include halting out relationships with banks in Russia impacted by the U.S. and international government sanctions’, American Express said in a statement Sunday.
Mastercard said Saturday it was suspending its network services in Russia, and Visa also announced Saturday it was suspending all operations there.