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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