Rakuten Advertising says it is suspending commercial activity in Russia, Ukraine and Belarus following the situation in the region.
In a statement on Wednesday , the Chief Executive Officer ( CEO ) Nick Stamos, said the decision to halt activity in the three countries is personal.
He said”Like everyone around the world,we are closely watching the events unfolding in Ukraine and throughout the region. We proudly maintain a workforce of incredibly talented and devoted individuals in Ukraine,and have sister companies with staff in Ukraine, Russia and Belarus. We have confirmed their safety, told them to prioritize their well- being and offered financial and relocation assistance.
For the moment,I’m pleased to tell you that everyone on our team has reported in as unharmed.
He stated that Rakuten Advertising is ceasing performance marketing and media placements in these markets for at least the foreseeable fut future . ,”We feel strongly that we should not facilitate business activity in this region at this tumultuous time and regret any impact this may have on your commercial opportunities
” We will provide an update on our services in these markets when we are able” Nick said.
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