Sanctions having ‘immense’ impact on Russia: World Bank president
World Bank President David Malpass, in a wide-ranging interview on ‘Cavuto: Coast-to-Coast,’ provides insight into the Russia-Ukraine conflict.
Payments company PayPal Holdings Inc. shut down its services early on Saturday in Russia, citing "the current circumstances," joining many financial and tech companies in suspending operations there after the invasion of Ukraine.
"Under the current circumstances, we are suspending PayPal services in Russia," President and Chief Executive Dan Schulman said in a statement. He added that the company "stands with the international community in condemning Russia's violent military aggression in Ukraine."
A company spokesperson said PayPal will support withdrawals "for a period of time, ensuring that account balances are dispersed in line with applicable laws and regulations."