PayPal was previously available in Russia solely for cross-border payments. It ceased accepting new Russian users earlier this week but has now taken the drastic step of shutting down all of its services – a move that also affects PayPal-owned money transfer provider Xoom. According to PayPal spokesperson Aidan Kelly, PayPal will “continue to process client withdrawals for an extended period of time, ensuring that account balances are distributed in accordance with applicable laws and regulations.”
