PayPal suspends services in Russia

MOSCOW. March 5 (Interfax) - PayPal has suspended services in Russia, Reuters said, quoting the U.S. payments company's chief executive, Dan Schulman.

"Under the current circumstances we are suspending PayPal services in Russia," Schulman told the agency.

PayPal will continue to process withdrawals for a "period of time."

It stopped accepting new users in Russia on Wednesday.

Alfa-Bank is already advising its own customers to check their e-wallets to make sure they can withdraw funds until the system in Russia shuts down entirely.