PayPal stops registering new users from Russia

PayPal China

Payment system PayPal announced yesterday the termination of registration of new users from Russia. The company has already blocked the accounts of some users and a number of the largest banks in the country that have been sanctioned by the United States and some other states.

After the outbreak of the Russian War on Ukraine, Deputy Minister for Digital Transformation of Ukraine Oleksandr Bornyakov called on PayPal to take more radical actions against Russia – in particular, to completely stop the operation of the payment system in the country. PayPal has already stated that, like many companies, they are actively working on imposing sanctions.

Visa, Mastercard and, for example, American Express, which is little in demand in the country; as well as mobile payment systems Apple Pay and Google Pay, also joined the sanctions; the first completely blocked the use of its payment service by residents of Russia, and Google Pay suspended cooperation with many Russian financial institutions. institutions.

Russia has already responded to active financial pressure by blocking the sale of domestic securities worth tens of billions of dollars by foreign investors.


Gizchina News of the week

HP and Dell stopped selling their products in Russia

Dell and HP, one of the world market leaders in terms of computer shipments, have suspended sales of their products in Russia; joining a growing list of foreign companies ceasing operations in Russia.

HP CEO Enrique Lores announced the suspension of deliveries of the company’s products during the reporting conference following the results of the first quarter of the fiscal year 2022. The head of HP said that the company had prepared for ” a number of scenarios ” for the current situation; reports CRN. “ The well-being of our employees, their families, customers and partners is our primary concern,” Lores said. “ We are doing everything we can to keep them safe”.

HP Spectre x360

We can also note that the company will not face supply chain transportation issues that could arise; due to the situation with Russia and Ukraine, since HP closed delivery routes through the affected region last year.

As for Dell Technologies, in addition to stopping supplies, it said on Tuesday that it is monitoring the situation; to determine its next steps and is working to help employees affected by the conflict, writes The Wall Street Journal.

Note that HP’s most popular consumer products are laptops, monitors, printers, and MFPs. The company also supplied desktop PCs, monoblocks, servers, data drives and various peripherals to Russia. In turn, We know Dell most as a manufacturer of monitors, laptops, and peripherals. The company’s product range also includes servers, desktop computers, network equipment and other electronics.

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