The Russian Ukrainian war has affected Russia in several ways. In March, Netflix suspended its services in Russia. To retaliate against the suspension of services, Russian users of Netflix (NFLX.O) have launched a class-action lawsuit against the streaming giant for leaving the Russian market, demanding 60 million Roubles ($726,000) in compensation.
Netflix, in March, had temporarily suspended its services in Russia. As it assesses the impact of Moscow’s invasion of Ukraine, it has put a hold on any further investments and acquisitions in the nation. “Today, a law firm representing the interests of Netflix users filed a class-action lawsuit against the American streaming company with the Khamovnichesky District Court of Moscow”, RIA cited. “The reason for the lawsuit was a violation of Russian users’ rights due to Netflix’s unilateral refusal to provide services in Russia.”
Netflix made its debut in Russia in 2016
Moscow initiated “a special military operation” in Ukraine on February 24. Since then Russia has faced severe economic consequences as a result of its choice to go to war with Ukraine. Not only is Russia dealing with a slew of sanctions, but many businesses and organizations have abandoned the nation. Microsoft, Apple, and Dell have all indicated that sales in the country have been halted. While Ikea has closed operations and Nike has stated that it will no longer fulfill online orders. In the realm of entertainment, all of the big studios have announced that they will no longer release films in Russia.
In Russia, Netflix is comparatively a newcomer. With around one million customers, it debuted its service in 2016 and has a tiny presence. It is run by Russia’s National Media Group under a service provider agreement. Russia’s invasion of Ukraine in 2022 has resulted in a humanitarian and refugee crisis. As well as it is rising worries of a nuclear war.