Western Union Suspending Operations in Russia, Belarus

Western Union Co. said Thursday it is suspending its operations in Russia and Belarus.

The money-movement and payments company said it has engaged in "extensive dialogue" with a wide variety of its stakeholders to arrive at a decision regarding its services in Russia and Belarus.

Western Union said that for the past weeks, its teams have been working to support its Ukrainian customers, including donations to support humanitarian relief efforts and fee-free money transfer services.