American Express Halts Cooperation with Sanctioned Russian Banks

The American financial company American Express has announced the cessation of cooperation with Russian banks that have been placed under sanctions. This information was reported by РИА Новости.

“Since the beginning of this crisis, we have acted in accordance with U.S. and international sanctions, which has led to the termination of relationships with Russian partner banks that are affected by sanctions,” the statement says.

According to American Express, the company will continue to comply with all applicable laws depending on the further developments of the situation.