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YouTube, Google Play suspend payment-based services in Russia By Reuters

by equitieswatch
March 10, 2022
in Stock Market


© Reuters. FILE PHOTO: Youtube logo is placed on a Russian flag in this illustration picture taken February 26, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) – Alphabet (NASDAQ:) Inc’s YouTube and Google Play store are suspending all payment-based services in Russia, including subscriptions, as Western sanctions start to pose banking challenges in the country.

Google and YouTube had recently stopped selling online advertising in Russia following similar pauses by Twitter Inc (NYSE:) and Snap Inc (NYSE:) after Moscow’s invasion of Ukraine.

“As a follow-up, we’re now extending this pause to all our monetization features, including YouTube Premium, Channel Memberships, Super Chat and Merchandise, for viewers in Russia,” YouTube said in a statement on Thursday.

YouTube channels in Russia will still be able to generate revenue from viewers outside of Russia through ads and paid features, which include Super Chat and merchandise sales. Free apps on Google Play also remain available in Russia, according to a company support website.

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