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Highlights The crackdown on media by Russian authorities has forced Netflix and TikTok to suspend their services in the country. Several US-based credit card companies have stopped their operations in Russia. Tech giants such as Samsung, Apple, Dell, Microsoft have paused shipments in Russia. Popular OTT platform Netflix and China-based social media application TikTok suspended most of their services in Russia. The Russian government has launched a media crackdown in the nation as per the new ‘fake news’ law. Read more: Russian billionaire loses mega yacht ‘Dilbar’ on Ukraine invasion The new ‘fake news’ law in Russia criminalizes anyone who publishes what Kremlin claims to be false about Russia’s war in Ukraine. Anyone found guilty will be put behind bars for 15 years or charged a fine of approximately 1.5 roubles or US$14,000. The law was approved on Friday by the lower chamber of Russia’s parliament. Image source: © Micheleursi | Megapixl.com TikTok said that its Russian users would not be able to post new videos or live stream anymore.

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JP Morgan, Goldman Scoop Up Distressed Russian Assets As Analysts Fret About Economic Collapse A couple of days ago, as Russia-linked ETFs plunged following a battery of US and European sanctions against Russia designed to isolate its economy and cut its people off from the global financial system, we asked ourselves: who is buying all these Russian assets? The notion that American distressed investors would pass up the opportunity to pick up Russian assets on the cheap seemed, well, counterintuitive. And while China was likely one source of capital, would western investors really allow the sanctions threat to scare them away from an obvious opportunity to buy? Fast forward to last night, and a team of reporters at Bloomberg have produced an answer: at risk of potentially violating US sanctions (which have imposed strict limits on secondary market transactions involving certain types of Russian debt), JP Morgan and Goldman are already scooping up Russian corporate bonds, either for their own book, or on behalf of waiting clients.

The tech exodus from Russia ramped up today, as Microsoft halted all new product and services sales inside the country because of the invasion of Ukraine. Apple did much the same thing earlier in the week. “Like the rest of the world, we are horrified, angered and saddened by the images and news coming from the war in Ukraine and condemn this unjustified, unprovoked and unlawful invasion by Russia,” Microsoft President Brad Smith said in a blog post . Microsoft is just the latest in a line of Western companies to suspend sales in protest of Russia’s invasion of Ukraine. Nike and Dell Technologies have suspended sales inside Russia, as have SAP and Oracle . On Tuesday, Apple confirmed it had stopped selling its products in Russia. On Apple’s Russia store , all products are listed as “unavailable” for purchase or delivery in the country. To read this article in full, please click here

Software giant Microsoft announced Friday that it is suspending “all new sales of Microsoft products and services in Russia” over that country’s invasion of Ukraine. “Like the rest of the world, we are horrified, angered and saddened by the images and news coming from the war in Ukraine and condemn this unjustified, unprovoked and unlawful invasion by Russia,” the company said in a statement. The company added that it was ‘stopping many aspects of our business in Russia in compliance with governmental sanctions decisions.’ Many companies have announced they are ending or limiting their activity in Russia. Some companies include Apple, Nike and Dell Technologies. Microsoft added that it will continue to work with Ukraine to protect the country from Russian cyberattacks, noting it already had during an attack on a “major Ukrainian broadcaster.” “Since the war began, we have acted against Russian positioning, destructive or disruptive measures against more than 20 Ukrainian government, IT and financial sector organizations,” Microsoft said. “We have also acted against cyberattacks targeting several additional civilian sites.

Microsoft Corp. is suspending new sales of its products and services in Russia, the software giant announced Friday.Microsoft joins a growing list of U.S. tech companies, including Apple and Dell Technologies, in cutting Russia off from key…

The US, Japan, Europe, Southeast Asia and India based industry bodies, including ITI, JEITA, TechUK, US India Business Council, and Business Europe, represent thousands of companies and technology majors like Google, Amazon, Cisco, Dell, SoftBank and Microsoft.

These Are All The Companies That Have Cut Ties With Russia An ever-expanding list of public companies, including Apple, Exxon, GM, and Nike, are proudly announcing they are cutting ties to Russia as its invasion of Ukraine brings condemnation and sanctions. But while all this sounds very ''politically-correct'' and ''shared-sacrifice''-y, Bloomberg reports that if every U.S. tech firm followed Apple and disconnected from Russia, it would reduce revenue by only 1%-2% in a worst-case scenario , according to Wedbush analyst Dan Ives. So far, the lost business looks like it won’t have a major impact on profits (or stock prices), especially with China being by far Russia''s largest trading partner. You will find more infographics at Statista In fact, for some, like Exxon, cutting ties with Russia can spark a ''virtue-signaling'' ESG boost with minimal impact to the company''s actual business , and as Bloomberg''s Tim Culpan remarks in a very frank opinion piece, consumer brands halting sales in Russia "smells of opportunism" to some, with transportation constrained, limited access to international payments systems, and a sinking ruble: "While that sounds like an appropriate response to Moscow’s brutality, it also smells of opportunism… ...it’s hard not to wonder whether companies were taking a principled stand only once it was no longer feasible to do business in the country " Of course soaring oil and other commodities cost will strike at profits as expenses rise and consumers have less to spend.

Dell’s newest XPS 15, powered by Intel’s Core i7, pairs an OLED screen with powerful performance and exceptional build quality. But Dell really needs to do something about that battery life.

Giant global businesses in every sector are abandoning Russia following the invasion of Ukraine. Why it matters: In addition to condemning the invasion, the companies see an impossible environment — from worker safety … to the logistics of getting supplies ... financial and sales disruption ... and the complexity of complying with sanctions. State of play: Financial sanctions have isolated Russia from the rest of the world . Businesses operating in Russia have an increasingly limited ability to collect revenue or pay workers and suppliers. Economic sanctions, including export controls, have curtailed imports . Some workers are being moved out of Russia. Restricted airspace and travel are preventing companies from getting equipment they need to continue to operate. Between the lines: Some companies that have very little physical presence in Russia — including many in tech , retail and media — are limiting how products are used in Russia, or have pulled them. Flashback: Since the Soviet Union''s collapse three decades ago, Russia had been seen as an emerging market with long-term growth potential.

Companies around the globe have answered Russia’s invasion of Ukraine by putting a hold on business or fully exiting operations in Russia. This comes in addition to the harsh economic sanctions recently imposed on Russia that have collapsed the ruble. Below is a list of the companies by sector that are holding or retiring business operations in Russia. Tech Apple (NASDAQ: AAPL ) has paused all product sales in Russia. Alphabet (NASDAQ: GOOGL ) (NASDAQ: GOOG ) unit Google said it has blocked mobile apps connected to Russian broadcasters RT and Sputnik from its Play store, in line with an earlier move to remove Russian state publishers from its news-related features. Microsoft (NASDAQ: MSFT ) said it would remove state-owned RT''s mobile apps from the Windows App store and ban advertisements on Russian state-sponsored media. Dell (NYSE: DELL ) The laptop maker said it had suspended product sales in Ukraine and Russia. Automotive Manufacturers General Motors (NYSE: GM ) said it would suspend all vehicle exports to Russia until further notice.

The recommendations “run counter to global standards” for data protection and competition, the associations – whose members include Microsoft, Apple, Amazon, Google and Dell – said in a letter to Union Minister of Electronics & Information Technology Ashwini Vaishnaw on Tuesday.

U.S. companies are cutting ties with Russia due to the war with Ukraine and we're going over which ones traders need to know about. The post Which U.S. Companies Are Cutting Ties With Russia?