AMEX Joins Major Card Companies in Freezing Russian Market

A credit card is seen in front of displayed American Express logo in this illustration taken on July 15, 2021. Dado Ruvic/Illustration/Reuters

American Express announced on Sunday it is suspending its services in Russia.

In a memo, company chairman and CEO Stephen J. Squeri said, “In light of Russia’s ongoing, unjustified attack on the people of Ukraine, American Express is suspending all operations in Russia.”