[rebelmouse-proxy-image https://media.rbl.ms/image?u=%2FeyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yOTQ1MTUwOS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTcwNjk2MDc3NX0.9CViADc5-5V0NcLA3qbNm6ovFeEiZIiq0oaN2GDPPx8%2Fimg.jpg%3Fwidth%3D980\u0026ho=https%3A%2F%2Fassets.rebelmouse.io\u0026s=667\u0026h=9a2bb95eda37b9306de9da764980893a5ed4c665f13b81afad8007f7c7c027a9\u0026size=980x\u0026c=355462048 crop_info="%7B%22image%22%3A%20%22https%3A//media.rbl.ms/image%3Fu%3D%252FeyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yOTQ1MTUwOS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTcwNjk2MDc3NX0.9CViADc5-5V0NcLA3qbNm6ovFeEiZIiq0oaN2GDPPx8%252Fimg.jpg%253Fwidth%253D980%26ho%3Dhttps%253A%252F%252Fassets.rebelmouse.io%26s%3D667%26h%3D9a2bb95eda37b9306de9da764980893a5ed4c665f13b81afad8007f7c7c027a9%26size%3D980x%26c%3D355462048%22%7D" expand=1]Disney will pause its theatrical releases in Russia in response to the Russian invasion of Ukraine. According to Fox Business, a spokesperson for Disney issued a statement that said, \u201cGiven the unprovoked invasion of Ukraine and the tragic humanitarian crisis, we are pausing the release of theatrical films in Russia, including the upcoming \u2018Turning Red\u2019 from Pixar. We will make future business decisions based on the evolving situation. In the meantime, given the scale of the emerging refugee crisis, we are working with our NGO partners to provide urgent aid and other humanitarian assistance to refugees.\u201dCNN Business said that Disney is reportedly working with its partner in non-governmental-organizations \u201cto provided urgent aid and other humanitarian assistance to refugees\u201d who were displaced by the ongoing Russian assault on Ukraine. Netflix is also pushing back against Russia by refusing to domestically air Russian state TV channels. Russian law requires streaming platforms that have more than 100,000 subscribers in Russia to distribute state-owned Russian entertainment and news channels for free to subscription holders.A Netflix spokesperson said, \u201cGiven the current situation, we have no plans to add these channels to our service.\u201dDisney\u2019s decision to halt movie releases in Russia comes as the Western nations attempt to isolate Russia and cripple its economy with thoroughgoing sanctions. On Saturday, several allied leaders of Western countries stated their commitment to restricting Russian banks from accessing the SWIFT telecommunications network. The European Commission, France, Germany, Italy, Canada, the United Kingdom, and the United States committed to sanctioning Russian oligarchs and banks tied to the Russian government and who may be financially supporting the invasion of Ukraine. In a joint statement, the Western leaders said, \u201cWe stand with the Ukrainian government and the Ukrainian people in their heroic efforts to resist Russia\u2019s invasion. Russia\u2019s war represents an assault on fundamental international rules and norms that have prevailed since the Second World War, which we are committed to defending. We will hold Russia to account and collectively ensure that this war is a strategic failure for Putin.\u201dThese sanctions stand to cripple the Russian economy. They will prevent the Russian central bank from implementing monetary policy that enables the Russian economy to withstand the economic impact of sanctions and they make it virtually impossible for Russia to engage in international commerce.Apple Pay and Google Pay, two of the world\u2019s most used payment processors, have severed their relationships with Russian banks as a result of these sanctions. The Russian people may still use their bank cards and certain payment processors domestically, but many are unable to make digital purchases or payments with entities outside Russia.