Netflix, American Express, and Two Major Accounting Firms Reject Russia Due to Sanctions

As sanctions bite, Netflix, the world’s biggest source of streaming entertainment, American Express, and famous accounting companies KPMG and PricewaterhouseCoopers cut ties with Russia on Sunday in protest of Russia’s invasion of Ukraine.

The announcements on Sunday come in the wake of the closure or cessation of operations of a number of large Western corporations, including Nike, Ikea, and French luxury behemoths LVMH, Chanel, and Hermes.

Additionally, the statement comes on the heels of Mastercard and Visa making similar announcements on Saturday. “In light of the current circumstances in Russia,” a Netflix spokesman remarked.

Russia Is Rejected As Sanctions Take Effect

American Express has ceased business in Russia in reaction to the country’s continuing and “unjustified aggression on the people of Ukraine,” according to a statement on the credit card company’s website.

Both KPMG and PricewaterhouseCoopers acknowledged on Sunday that their respective networks would be losing their Russia-based operations.

“We believe that we, along with other global corporations, have an obligation to react to Russia’s continuous military attack on Ukraine,” KPMG wrote in a statement.

KPMG announced the closure of its Russia and Belarus unit, impacting over 4,500 partners and employees in Russia and Belarus.

Additionally, PwC has committed to withdraw PwC Russia from its network when sanctions take effect. According to many reports, the corporation has operated in Russia for more than three decades and now employs 3,700 partners and workers.

It’s Only A Matter Of Time

Despite pressure from Ukrainian authorities and other politicians, bitcoin businesses have refused proposals to unilaterally limit access to their services to all Russian citizens.

Ukraine has requested that Binance, Bybit, Coinbase, Huobi, KuCoin,, Whitebit, and Ukraine-based Kuna all prohibit access to all Russian cryptocurrency accounts.

Jesse Powell, CEO of bitcoin exchange Kraken, said that the business would comply with such a request if required by law.

Today’s FTX price for Netflix tokenized shares is $357.53, with a trading volume of $147.43 USD in a 24-hour period. FTX is presently ranked 7657 on CoinMarketCap, down 0.92 percent in the past 24 hours.

Meanwhile, fighting stopped around 200,000 people from escaping the besieged Ukrainian city of Mariupol for the second day in a row on Monday, as Russian President Vladimir Putin vowed to continue his attack until Kyiv surrendered.

According to the Kremlin, Putin informed Turkish President Tayyip Erdogan during a phone chat that he was eager to participate in discussions to end the dispute but that any effort to prolong the process would fail.

The United Nations said on Sunday that the civilian death toll from fighting throughout Ukraine since Moscow’s invasion began on February 24 has reached 364, including more than 20 children. Hundreds more people were harmed.

Also Read: Malaysian Bitcoin Miners Steal Power Worth $550 Million