Invasion of Ukraine: American Express and TikTok suspend services in Russia | world news
American Express has announced it will halt “all operations” in Russia while TikTok users will not be able to upload new content there.
Amex said it made the decision “in light of Russia’s ongoing, unwarranted assault on the people of Ukraine.”
Visa and Mastercard have also announced this take similar action.
Ukraine invasion: live updates
TikTok said it was concerned about a new one Fake News Act in Russia.
“We have no choice but to suspend live streaming and new content for our video service in Russia while we assess the security implications of this law,” it said in a statement.
The in-app messaging service will not be affected.
The Kremlin has introduced a law that allows anyone who spreads “false” information about the Russian armed forces to be imprisoned for up to 15 years.
Amex said “globally issued” cards will no longer work in stores or ATMs in Russia.
Cards issued “locally in Russia by Russian banks” no longer work outside the country.
The company is also ending “all business activities in Belarus”.
His latest actions complement “stopping our ties with banks in Russia affected by US and international government sanctions.”
Amex admitted its decision would affect colleagues and customers in the two countries, but said one of its company values is “doing the right thing”.
A statement said: “This principle has guided us through this difficult crisis and will continue to do so as we stand with our colleagues, customers and the international community in the hope of a peaceful resolution to this crisis.”
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• Visa and Mastercard announce suspension of operations in Russia
• China warns US against “pouring fuel on the fire” as Russia continues its attack
A large number of high-profile companies have distanced themselves from Russia since the invasion of Ukraine.
PayPal has suspended its services, and CEO Dan Schulman said the company “stands with the international community in condemning Russia’s violent military aggression.”
Puma and IKEA have closed stores, Apple and Microsoft have halted product sales, and Hollywood studios have delayed the release of new films.