Microsoft suspends sales in Russia in major blow to Russian economy

As well, Microsoft said on Friday it was suspending new sales of its products and services in Russia, a further step after it removed RT’s mobile apps from the Windows App Store and banned advertisements on Russian state-sponsored media.

And New York Stock Exchange halted trading in a number of Russia-exposed ETFs, shutting off one of the only remaining avenues for average Americans to invest in Russian assets.

Airbnb previously said its non-profit arm would offer free, temporary housing for up to 100,000 refugees fleeing Ukraine.

Chesky also said that some people were using Airbnb to book accommodations in Ukraine even though they didn’t plan to stay there, as a way to send financial support to Ukrainians.

Russians will also miss out on Western musical acts, with Green Day, Iggy Pop, and The Killers among those cancelling upcoming concerts in Moscow.

Streaming service Spotify announced it was closing its Russian office indefinitely as a response to the conflict.

The company had only opened the office to comply with Russian laws that oblige foreign social media companies with more than 500,000 daily users to open local offices or face tough restrictions, or even being banned.

Earlier this week the firm removed all content from state-owned Russia Today and Sputnik in territories across the world, apart from in Russia itself, where it remained online.

In the US, at least 10 states have banned the sale of Russian vodka, and others have moved to divest state pension funds from any Russian assets or forbid state contracts with Russian companies.

In total more than $100 billion of trade ties have already been severed with the increasingly isolated nation, with no sign that the ever-widening embargo is losing momentum.

Leave a Reply

Your email address will not be published. Required fields are marked *