How do the current sanctions on Russia impact my Brex account?
As of March 6, 2022 at 9am PT/7pm EET:
The US government has responded to Russian military actions in Ukraine with a set of sanctions against Russia. These new laws apply to all US persons and companies, including Brex. Additionally, Visa and Mastercard have released their own restrictions. At this time, these sanctions and restrictions affect Brex and our customers in the following ways:
Mastercard and Visa have made the decision to suspend their network services in Russia. Brex uses the Mastercard and Visa networks to support our customers' transactions.
Card transactions are not permitted in sanctioned regions of Ukraine, which currently includes Crimea, Donetsk, and Luhansk. Transactions in non-sanctioned regions are permitted.
Brex Cash accounts
Transactions to and from sanctioned regions of Ukraine are not permitted, which currently includes Crimea, Donetsk, and Luhansk. Transactions are permitted in non-sanctioned regions.
Transactions with banks sanctioned by the US Department of Treasury are not permitted. Brex may also be obligated to block transactions conducted through these banks due to the sanctions, which could result in holding your funds.
Transactions with Sberbank will not be permitted as of March 25, 2022.
Brex dashboard/mobile app access
Users may not access their Brex account from sanctioned regions of Ukraine, which currently includes Crimea, Donetsk, and Luhansk. Users may access their Brex account from non-sanctioned regions.
Please note that the situation in Russia and Ukraine is evolving quickly, and Brex may need to apply further restrictions to respond to new sanctions or partner imposed restrictions. We recognize that these actions are disruptive to your business, and we are working hard to limit the impact while remaining in compliance with the law.
We will provide regular updates to this page about how these sanctions affect our customers and services.