Wix, Payoneer, and others announce halt of services in Russia. Other companies, afraid of violating U.S. sanctions due to Ukraine, are also weighing their futures as new sanctions loom
Attorney Naama Margolis, a partner in the Shibolet & Co. law firm, said that Washington has imposed a long list of new sanctions and restrictions on Russia in recent weeks and changed many restrictions. Consequently, Israeli companies risk finding themselves entangled in the sanctions net even if they are not legally bound by American sanctions.
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