Airbnb rentals and Google ad sales will end in Russia. China-backed Asian investment bank suspends operations in Russia and Belarus.
Russian the widespread invasion of Ukraine continues for the ninth day. In this case, we are watching the economic impact of the war.
The ruble remained low
The fall of the ruble has not deepened since Thursday night. One dollar now gets about 108 rubles.
As late as Thursday afternoon, the ruble was clearly weaker. At that time, one dollar received about 117.5 rubles.
North Sea reference quality Brent crude cost about $ 111.5 a barrel on Friday morning at 8 p.m. The barrel is 159 liters.
New companies are leaving Russia
The air rental service Airbnb will cease all operations in Russia and Belarus. CEO of the company Brian Chesky told the message service On Twitter.
Google announced Thursday that it will stop selling online advertising in Russia. The decision applies to Google searches, Youtube and third-party publishers. According to the news agency Reuters.
Google had previously banned Russian state-funded media from buying or selling ads through its platforms.
CEO of Coinbase, a U.S. cryptocurrency exchange Brian Armstrong instead, told Twitter on Friday that the company has no plans to proactively ban all Russians from using its platform. According to the news agency Reuters.
China-backed Asian investment bank suspends operations in Russia and Belarus
The Asian Infrastructure Investment Bank (AIIB), headquartered in China and backed by China, says it will close its operations in Russia and Belarus, according to AFP.
The bank was established in 2016 by the President of China Xi Jinpingin at the instigation of. The Bank also has non-Asian member countries, including Finland and much of the European Union, as well as Belarus.
Russia is one of the founding members of the bank and the third most voting member after China and India.
The New Development Bank (NDB), founded by the BRICS countries, has also announced that it will suspend transactions in Russia, according to Reuters. The members of the bank are Brazil, Russia, India, China and South Africa.
Wolt will donate 1.5 million euros to Ukraine
Food delivery company Wolt is donating 1.5 million euros to help the Ukrainians.
Founding partner of the company Juhani Mykkänen told Facebook on Thursday that both Unicef and the International Red Cross are set to donate € 500,000 to both.
“Wolt has a lot of people, both at work and as merchant and messenger partners, both Ukrainian and Russian, who do not want a war. The choices of the Russian administration are not the same thing as the will of the Russian people, ”Mykkänen wrote.
Wolt said in a statement on Thursday that the Russian government’s actions in Ukraine are a clear violation of international law and contrary to what Wolt represents as a company.
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