Bloomberg Suspends Financial Operation in Russia and Belarus

Bloomberg LP, the parent of Bloomberg News, announced that it has suspended its operations in Russia and Belarus.

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Customers in the two countries will be unable to access any of Bloomberg's financial products -- including the terminal, data license, data feed and electronic trading platforms.

Trading functions for a range of Russian securities have also been disabled in accordance with international sanctions, according to the company. Russian stocks were removed from Bloomberg's global equity indexes on March 9, while its bonds are being removed from fixed-income indexes at the month-end re-balancing.

Bloomberg.com won't be affected by the suspension.

Last week, Deutsche Bank, BNP Paribas and Crédit Agricole announced to endl their business operations in Russia. Their decision highlights the contrasting approaches of banks to the crisis, with some grappling with how to continue to run their local Russian operations and others leaving.

Earlier this month, Goldman Sachs and JPMorgan announced that they were unwinding their Russian businesses, becoming the first major U.S. banks to exit following Russia's invasion of Ukraine and putting pressure on rivals to follow.