Alibaba Reportedly Stops Accepting Payment In Rubles, Halts Shipments To Russia

10/18/2024 4:07:33 AM

(MENAFN- Investor Brand Network) A recent report by Russian publication Kommersant has revealed that AliExpress parent company
Alibaba Group Holding Ltd. (NYSE: BABA)
has
stopped accepting payments
made in Rubles and halted deliveries to Russia. The report alleges that the Chinese multinational has“tightened conditions for Russian businesses” by making sweeping changes to the payment and delivery rules its online marketplace follows.

Kommersant pointed to a local economic expert who associated Alibaba's recent anti-Russia policies with heightened fears of...

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