Airbnb closes doors to Russia and Belarus operations
kellyvandellen/iStock Editorial via Getty Images


Airbnb (NASDAQ:ABNB) on late Monday indicated that it has suspended operations in Russia and Belarus; reservations starting on or after April 4 had been cancelled, as cited by Reuters.
Airbnb said it isn't banning Russian or Belarusian nationals from making reservations on its platform, it is only restricting users who are in Belarus and Russia from making new reservations, a company spokesperson stated.

Earlier, the company pointed out its inability to process transactions affiliated with certain financial institutions in Russia and Belarus due to Western sanctions imposed.
In early March, the company had said that its non-profit arm would offer free, temporary housing for up to 100K refugees fleeing Ukraine.
In mid March, Analyst Michael Erstad indicated that Airbnb is still the homeshare leader with 71.7% of the market.