In response to the economic penalties imposed by many countries and companies, Russia has counter-imposed its own set of sanctions against these countries and companies.
Russia announced they are cutting off Facebook over its exclusion of state-backed media. In response to this new law against “fake news” in Russia, many international news companies like CNN have said their intention to stop broadcasting in the country.
Russia is continuing its invasion of Ukraine, and there are growing signs that it may be affecting global business. On Friday, an increase in the ongoing tension led to Russia shutting off multiple media companies as well as new giant corporations saying they were suspending Russian sales, including Microsoft Corp and Electronic Arts Inc., a video game developer.
The government of Russia has ordered that Facebook, Twitter, and other sites be shut down for what it calls untrue information about the crisis in Ukraine. The BBC websites, Deutsche Welle, and Voice of America were also banned.
BBC has announced that it will be temporarily shutting down operations in Russia following a new law that could put anyone behind bars for willfully spreading “fake” news.
CNN by AT&T Inc, according to a spokesperson, is suspending broadcasts to “evaluate the situation and our next steps moving forward.”
Head of global affairs at Meta, Nick Clegg, stated that they are doing everything in their power to bring back service.
“Soon, millions of ordinary Russians will find themselves cut off from reliable information, deprived of their everyday ways of connecting with family and friends and silenced from speaking out,” said Clegg in a statement on Twitter.
The wave of leading Western companies from different industries has withdrawn their business into Russia. Several popular brands have condemned Moscow for its assault on Ukraine, including the luxury brand LVMH announcing Friday that they will temporarily close 124 shops in response to this crisis.
Canadian Tire has shut down 41 Russian stores; Bombardier is canceling business negotiations with clients from that country as well.
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