MoneyGram to Suspend Services in Russia

MoneyGram International Inc. issued a statement yesterday that it has made a decision to suspend services in Russia as the humanitarian crisis in the region continues to escalate. 

MoneyGram services remain available in Ukraine – both for individuals to receive funds in-person or digitally directly to their bank account. The company witnesses more transactions sent to Ukraine and surrounding countries such as Poland every day as customers transfer money to their families who are increasingly in need during this crisis.

"Our top priority remains the safety of our employees, agents, partners, and their families. We have been in close contact with our impacted colleagues to provide support during this difficult time. We have also increased our support for our partnership with Save the Children, which is actively engaged in relief efforts in the region. Last week, the MoneyGram Foundation approved an emergency grant directed towards the Ukrainian Relief Fund," said MoneyGram.