Bloomberg LP, the parent company of, among other things, Bloomberg News Business News Agency, has announced the suspension of operations in Russia and Belarus. As reported, clients from these countries will not have access to any of the company’s financial products, including information provided through the terminal, exchange trading platforms and data system.
On March 4, Bloomberg reported that it was temporarily suspending the work of its journalists in Russia due to a law penalizing “false” information about the Russian military.
Countering aggression and Russian censorship
“The change in criminal law… makes every freelance reporter a criminal… and prevents any form of normal journalism in the country,” said editor-in-chief John Micklethwaite.
In early March, Russia’s upper house of parliament, the Federation Council, approved an earlier bill on information passed by the Duma that would require Russian media outlets to publish information only from government sources and characterize the situation in Ukraine as a “special military operation.”