LOGO
LOGO

Breaking News

Sony Music Suspends Operations In Russia

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Sony Music Group has joined the long list of companies suspending or withdrawing their Russian operations over the ongoing Russia-Ukraine conflict.

Sony Music said it has suspended operations in Russia and will continue its support of global humanitarian relief efforts to aid victims in need. It calls for peace in Ukraine and an end to the violence.

Earlier this week, Netflix, the popular video streaming service, said it was shutting down all its operations in Russia. Netflix reportedly had suspended all its future projects and acquisitions in the country on a temporary basis over the same concerns.

TikTok, a video-focused social networking service with one billion users worldwide, said it was suspending livestreaming in Russia and new content to video service.

The media companies' decision came amid Russia's new fake news-law, that limits information about Ukraine war.

Russian President Vladimir Putin last Friday signed the law with jail terms of up to 15 years for anyone spreading false information about the Russian army and publicly calls for sanctions against Russia.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - December 22 - 26, 2025

December 26, 2025 08:42 ET
Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.