Apple Pay and Google Pay have been disabled for some Russian bank customers

Following Russia’s invasion of Ukraine, a number of countries have put financial sanctions on the country. Ursula von der Leyen, the president of the European Commission, has stated that sanctions enacted by the European Union are aimed at 70 percent of Russia’s banking network. The United States has imposed sanctions on Sberbank and VTB Bank, two of Russia’s largest financial institutions, while the United Kingdom has frozen the assets of five Russian banks, according to reports.

Russia may be barred from participating in SWIFT (Society for Worldwide Interbank Financial Telecommunication), the financial system used to communicate transactions across the globe, as nations consider blocking Russia from participating. The United States, the European Union, and the United Kingdom are moving to directly impose sanctions on Russian President Vladimir Putin.