Mar 2, 2022
Netflix pauses future projects in Russia
Streaming giant Netflix has announced it has paused all future projects and acquisitions from Russia. Elsewhere in tech, cloud computing company Oracle also said it has suspended operations in Russia. The two companies are the latest US technology firms to take action against Russia as attacks on Ukraine's cities have escalated. Deputy Minister Alexander Bornyakov told the Reuters news agency that Ukraine has sought help from 50 different companies - in a bid to apply pressure to Russia. Moscow has responded to foreign companies distancing themselves from Russia by temporarily restricting Russian asset sales by foreigners.
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