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Bloomberg suspends its operation in Russia and Belarus

According to media reports, access to the agency’s news terminals will be blocked for Russian clients

NEW YORK, March 29. /TASS/. Bloomberg said on Monday it suspends its operation in Russia and Belarus over the situation in Ukraine.

It said that clients in these countries will be denied access to its financial products, including its news terminal and e-trade platforms.

According to the agency, the suspension will not apply to its website.

In early March, Bloomberg said it was suspending the work of its journalists in Russia after Russia had passed a law on criminal liability for false information about its armed forces.

On February 24, Russian President Vladimir Putin announced a special military operation in response to a request for help by the heads of the Donbass republics. He stressed that Moscow had no plans of occupying Ukrainian territories, but aimed to demilitarize and denazify the country. Following this step, the West imposed large-scale sanctions against Russia. On March 3, Russian Foreign Minister Sergey Lavrov said that these Western steps were "a kind of tax on independence." He said he was sure "this hysteria will soon subside" and a solution to the situation around Ukraine will be found.