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Benzinga
Benzinga
Politics
Anusuya Lahiri

Google Halts YouTube, Google Play Payment-Based Services In Russia

Russia Google NYSE Ukraine SNAP Alphabet Inc Mastercard Inc Snap Inc Twitter Inc. TWTR
  • Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube and Google Play store halted every payment-based service in Russia, including subscriptions, Reuters reports.
  • Western sanctions have started to pose banking challenges in Russia. 
  • Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) blocked Russian banks from their networks following sanctions.
  • Google and YouTube had recently stopped selling online advertising in Russia following Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP) after Russia's invasion of Ukraine. 
  • Related Content: Google Disables Google Maps For Ukraine; Bans Russia Owned RT's Mobile App
  • YouTube channels in Russia can generate revenue from viewers outside of Russia through ads and paid features, including Super Chat and merchandise sales. 
  • The free apps on Google Play also remain available in Russia.
  • Price Action: GOOG shares are down 1.77% at $2,629.82 premarket on the last check Thursday.
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