Spotify Technology SA SPOT-N said Friday it will suspend its streaming service in Russia in response to the country’s new media law.
The audio streaming platform closed its office in Russia indefinitely earlier this month in response to what it described as Moscow’s “unprovoked attack on Ukraine.”
Russia’s new legislation makes it illegal to report any event that could discredit the Russian military.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.