Western Union Suspends Operations in Russia and Belarus
March 10 2022 - 9:25AM
Business Wire
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.
WU-G
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/
Media Relations: Erin Caffrey Erin.Caffrey@wu.com
Claire Treacy Claire.Treacy@westernunion.com
Investor Relations: Tom Hadley
WesternUnion.IR@westernunion.com
Western Union (NYSE:WU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Western Union (NYSE:WU)
Historical Stock Chart
From Apr 2023 to Apr 2024