Western Union Suspends Operations in Russia and Belarus
DENVER--(Business Wire / Korea Newswire) March 11, 2022 -- The Western Union Company (NYSE: WU) stands with the world in condemning the unprovoked and unjustified invasion of Ukraine. All of us share the shock, disbelief, and sadness around this tragedy and humanitarian disaster. Our hearts go out to the people of Ukraine and to our colleagues, customers, agents, and partners who have been impacted.
For the past weeks, our teams have been working to support our Ukrainian customers, including the millions who have been forcibly displaced, in the best ways we can. This includes donations to support humanitarian relief efforts and fee-free money transfer services.
We also have engaged in extensive dialogue with a wide variety of stakeholders in an earnest effort to arrive at the right decision regarding our services in Russia and Belarus. We have thoroughly evaluated internal and external considerations, including the consequences for our valued teammates, partners, and customers. Ultimately, in light of the ongoing tragic impact of Russia’s prolonged assault on Ukraine, we have arrived at the decision to suspend our operations in Russia and Belarus.
We join the international community in expressing sincere hope for a diplomatic and peaceful resolution. Meanwhile, our priorities remain the well-being and safety of our employees as well as continuing to support the people of Ukraine, including the growing number of refugees seeking safety.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union’s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. We connect consumers, businesses, financial institutions, and governments through one of the world’s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and a substantial global network of retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit www.westernunion.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220309006057/en/
The Western Union Company
This is a news release distributed by Korea Newswire on behalf of this company.