March 2, 2022
Money transfers to Ukraine have jumped since the Russian invasion. Payments to Ukranians from friends and family abroad were 121% higher on Feb. 24, the day of the invasion, than the 30-day average at MoneyGram International Inc., a major money-transfer service. Transfers increased close to 70% between Feb. 21 and Feb. 28, the company said. Remittances, or funds sent to home countries from abroad, typically increase during times of crisis. The fighting in Ukraine threatens to upend economies and livelihoods in the country.