Last updated: May 26, 2023
Multiple countries and the European Union continue to levy sanctions against Russia and Belarus, following the invasion of Ukraine. This article will be updated frequently to reflect the possible impact you might see on your account.
Please note that the Restricted Business List has been updated to reflect that it is prohibited to use Stripe’s products and services to directly or indirectly export, reexport, sell or supply architectural services or engineering services to any person located in the Russian Federation. Further, the Restricted Business List has been updated to include that Stripe’s products and services may not be used for any goods (e.g. luxury goods) that are prohibited by law in relation to Russia.
Previously the Restricted Business List had been updated to reflect that the use of Stripe’s services for any dealings, engagement, or sale of goods/services linked directly or indirectly with the Luhansk and Donetsk regions is prohibited. The Crimea region was already considered to be prohibited by Stripe. Additionally, the Restricted Business List had been updated to include that it is prohibited to use Stripe’s products and services to directly or indirectly export, reexport, sell, or supply accounting, trust and corporate formation, or management consulting services to any person located in the Russian Federation.
Given the fluid nature of the situation, we continue to closely follow regulatory developments implicating our sanctions obligations and encourage you to do the same. You may find real-time updates about which jurisdictions Stripe considers to be prohibited by reviewing our Restricted Business List.
Stripe currently does not support users located in Russia, Ukraine and Belarus. All major credit card networks have announced that they are no longer providing services to Russian financial institutions. Additionally, Stripe will not process transactions involving sanctioned Russian financial institutions and does not support Mir. This means transactions involving Russian-issued cards are likely to be unsuccessful. We encourage you to ensure compliance with relevant sanctions regulations in your jurisdiction.
New sanctions were issued that prohibit certain products and services related to accounting services, management consulting, trust and corporate formation services, architecture services, and engineering services from being offered to persons located in Russia. Given the new prohibitions, persons located in Russia may no longer use in-scope Stripe products. Further, reflected in the Restricted Business List update above, Stripe users cannot use Stripe products and services for activity related to the above services from persons located in Russia.