NEW YORK: Bloomberg News says it has suspended its operations in Russia and Belarus, citing international condemnation and sanctions against Russia over its invasion of Ukraine.
The financial news company said customers in both Russia and Belarus will be unable to access any of Bloomberg’s financial products including terminals, data licenses, data feeds and electronic trading platforms.
Trading functions for Russian securities were disabled in line with international sanctions, it said.
Earlier, Bloomberg suspended the work of its journalists in Russia and removed Russian stocks from its global equity indexes. Russian bonds will be removed with the month-end rebalancing, the company said in a statement.
It said Bloomberg Philanthropies had pledged $40 million to the International Rescue Committee and the World Central Kitchen to help Ukrainians and refugees in the region and elsewhere.