The company supports the international community condemning the military operation in Ukraine.

The electronic payment system PayPal on Saturday suspended the provision of services in Russia against the background of a special military operation of the Russian Federation in Ukraine. This is stated in a statement issued by the company.

“In the current circumstances, we are suspending PayPal’s work in Russia,” PayPal director Dan Schulman said. He also added that the company supports the international community condemning the military operation in Ukraine.

On February 24, Russian President Vladimir Putin announced a special military operation in response to the appeal of the leaders of the republics of Donbass for help. He stressed that Moscow’s plans do not include the occupation of Ukrainian territories; the goal is demilitarization and denazification of the country. After that, the United States, the EU, the United Kingdom, as well as a number of other states announced that they were imposing sanctions against Russian individuals and legal entities. Many large companies, including Microsoft, IKEA, H&M and Siemens, have announced that they are limiting their activities in Russia.