Netflix suspends services in Russia

Moscow [Russia], March 7 : Streaming giant Netflix is suspending its operations in Russia, joining the long line of major entertainment companies and Hollywood studios that have closed operations in the country.
"Given the circumstances on the ground, we have decided to suspend our service in Russia," a Netflix spokesperson said as quoted by Variety on Sunday.
Back in December, Russia's Roskomnadzor included Netflix in the register of audiovisual services after the subscriber base for the company exceeded 100,000.
According to Sputnik, the Russian legislation on information requires platforms with a daily attendance of more than 100,000 Internet users to be included in the register and obliges the services to initiate free-to-air broadcasting of 20 Russian federal TV channels.
However, Netflix said that it was not going to comply with the Roskomnadzor requirement.
Even after suspending operations, the company did not specify what would happen to existing subscriber accounts or when it would reevaluate the matter.