Netflix is the latest company to stop doing business in Russia over Ukraine’s Invasion



Variety is reporting that NextflixRussia has been rerouted to its original location due to the invasion of Ukraine. The streaming company spokesperson said that the company had suspended its services in Russia due to the invasion of Ukraine. “Given the circumstances on the ground, we have decided to suspend our service in Russia,”Netflix last week announced that it would stop all future acquisitions and projects in the country.

Netflix has been only in Russia since 2016, and Russia is home to one million of its worldwide users, which makes it the second-largest country with 222 millions. Netflix joins other private, large companies in removing their business from Russia. 

American Express stated Sunday that their cards won’t work at any American Express locations. ATMsRussia. CBS News reports that they are closing all business operations in Belarus. American Express released a statement that said, “One of our company values is to ‘Do What is Right.’ This principle has guided us throughout this difficult crisis and will continue to do so, as we stand by our colleagues, customers, and the international community in hoping for a peaceful resolution to this crisis.”

After Mastercard and Visa announced on Saturday that they would suspend their operations in Russia, this is the latest development.

Mastercard announced that their network will no more support Russian bank cards and that any Mastercard issued in Russia will not work at ATMs or stores. Visa stated that it will work with partners and clients in the country to prevent any transactions from occurring in the next days.

Ikea, Apple, Disney, and Harley-Davidson were also among those companies who decided to cease doing business with Russia after the invasion in Ukraine.

The fastest recorded refugee exodus since World War II has seen more than 1.5 million people flee Ukraine. This, according to Fillipo Grandi, the U.N.’s High Commissioner for Refugees. Grandi told CBS News they were mostly women and children because a decree requires that men between 18 and 60 years old from Ukraine stay behind to fight for their country.