Will Russia's LinkedIn ban affect unemployment figures?
Russia has made the bold move of banning LinkedIn as their data storage processes did not comply with Russia’s new communications policies. The Russian regulator Roskomnadzor has insisted all companies containing personal data on Russian users must be stored in data centres within Russia. LinkedIn has failed to comply with these regulations and as a result the website is no longer accessible in Russia.
LinkedIn is a large social network site that is favoured for those looking for a professional social platform and particularly those who are in the job market. Russia’s unemployment figures peaked in March 2016 at a high 6%, the highest seen since the beginning of 2013. This figure has been steadily decreasing over the months with it reaching a low of 5.2% in September 2016.
There are many other large international companies such as Twitter and Facebook who also do not yet comply with the Russian regulations implemented back in September 2015. It will be interesting to see in the months to come who is likely to change their strategy with this decision being announced. Will Russia stick to its regulations and start handing out ultimatums to other international companies, or will this have been a strong enough example for other social networks to adhere to the rules and bring in Russian data centres?