In accordance with Interfax, being positioned on a listing of extremist organisations means banks can freeze Meta’s funds in Russia.
The 2 platforms have been banned in Russia in March for “Russophobia”.
This follows Meta’s announcement it will allow posts akin to “dying to Russian invaders” however not credible threats towards civilians.
Meta appealed towards the ban however it was upheld by a Moscow courtroom in June.
What does this imply for Meta? Properly, in response to Russian information retailers, not a lot good. financially talking, at the least.
The addition to the listing of terrorist and extremist organisations implies that banks can now freeze any of Meta’s funds which might be positioned inside Russia. Ouch.
Meta’s response to this was to allow posts akin to “dying to Russian invaders” however not credible threats towards civilians. Understandably, this didn’t go over effectively with the Russian authorities.
At this level, it’s unclear what Meta plans to do subsequent. For now, it appears they’re caught between a rock and a tough place.
Do they proceed to permit posts that talk out towards the Russian authorities? Or do they begin censoring their customers with a view to keep away from additional battle? Solely time will inform.
