American Express announced on Sunday it is suspending its services in Russia. In a memo, company chairman and CEO Stephen J. Squeri said, “In light of Russia’s ongoing, unjustified attack on the people of Ukraine, American Express is suspending all operations in Russia.” The suspension extends to neighboring Belarus. “Globally issued American Express cards will no longer work at merchants or ATMs in Russia. Additionally, cards issued locally in Russia by Russian banks will no longer work outside of the country on the American Express global network,” Squeri said in a statement. The CEO expressed that staff were working to assist customers impacted by the decision with travel arrangements “to help them evacuate their employees and other stakeholders in affected areas.” The company also pledged $1 million to support aid organizations in Ukraine and neighboring countries impacted by Russia’s invasion, while also committing to match donations made through the American Express …
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