The National Bank of Ukraine welcomes Bloomberg L.P. decision to suspend its operation in russia and belarus over invasion of Ukraine.
Following this decision, none of the clients from russia and belarus will be able to access any of Bloomberg’s financial products -- including the terminal, data license, data feed and electronic trading platforms.
In addition, russian bonds will be removed from fixed-income indexes at the month end. It is the next step after removal of russian stocks from Bloomberg’s global equity indexes on March 9.
As previously reported, on 3 March 2022, the NBU urged the world largest trade and data platforms Bloomberg and Refinitiv (earlier known as Reuters) to terminate access of Russian and Belarussian financial institutions. On 11 March 2022, London Stock Exchange Group (LSEG) that includes Refinitiv suspended access of its clients from russia to all its products and services.
“We are very grateful to Bloomberg L.P. and LSEG that are the key providers of data and information for the financial market for making these decisions. These steps towards total isolation of the aggressor will strengthen the effect from the sanctions that were imposed earlier and accelerate liberation of Ukraine from russian invaders,” stressed Yuriy Heletiy, NBU Deputy Governor.