American Express on Sunday said it will suspend operations in Russia over its military invasion of Ukraine.
"In light of Russia’s ongoing, unjustified attack on the people of Ukraine, American Express is suspending operations in Russia," the company said in a statement.
Under this protocol, globally issued American Express cards will no longer work at merchants or ATMs in Russia. Cards issued by Russian banks inside the country will no longer work outside of Russia on the American Express global network.
The company said it is also suspending operations in Belarus, which hosted Russian troops in the weeks leading up to the invasion of Ukraine.
The move follows Visa and Mastercard which both announced Saturday they are suspending business operations in Russia in response to the invasion of Ukraine.
Many large corporations, including BP, Shell, General Motors, and Maersk, have said they are cutting ties or attempting to cut ties with Russia in recent days.
