Russian Forbes will suspend the release of the paper version of the magazine from June

In the publication, the suspension of the release of the paper version was explained by the departure of the majority of advertisers and the rise in production costs. At the same time, they rejected

The Russian FORBES will temporarily suspend the release of the paper version of the magazine in June due to the withdrawal of advertisers and the rise in production costs. This was announced to RBC by the development DIRECTOR of the publication Dmitry Ozman.

“Forbes RUSSIA temporarily, from June 2022, suspends the release of the paper version of the magazine. This is due to the fact that the majority of print advertisers have suspended their activities, and the cost of production has increased significantly. We will resume publishing the magazine as the economic situation improves,” he said.

Ozman added that the decision to suspend the release of the paper version is not related to the requirements of the Forbes HEAD office or the license to release the publication.

In addition, according to him, the owner of Forbes Russia, AS Rus Media, will separate the commercial divisions of the publication into independent business units, “as is done in many media holdings.” “This decision will allow us to more effectively adapt to the changing situation and respond more quickly to the economic challenges of the current time. At the same time, the website and the editorial office, the Forbes Russia video will continue to operate as before,” Ozman added.

The head of Forbes did not respond to RBC's request.

Cosmopolitan and Esquire magazines will stop publishing in Russia Technology & Media

Since the beginning of the Russian operation in Ukraine, several foreign publishers have already terminated contracts with Russian magazine publishers. Restrictions also affected the magazines Elle, Maxim, Marie Claire, Psychologies, Cosmopolitan, Harper's Bazaar, Men's HEALTH, Esquire and others. In Russia, they will start to come out under a different name.

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Earlier, the head of the publishing house Condé Nast, Roger Lynch, announced the suspension of activities in the Russian market. The publishing house published Vogue, GQ, GQ Style, Tatler, AD, Glamour, and Glamor Style Book magazines. The reason for leaving the Russian market was the law on criminal liability for fakes.

Russian President Vladimir Putin signed a law criminalizing fakes about the actions of the Russian army during a special operation in Ukraine on March 4. The law provides for heavy fines, as well as imprisonment for disseminating information that the Russian authorities believe is untrue.

After the adoption of the law, a number of Russian media announced the cessation of work. The Dozhd TV channel was the first to report this (it is included by the Ministry of Justice in the list of foreign media agents). A similar decision was made by Znak.com, CNN, BLOOMBERG, and the BBC. Novaya Gazeta and The Bell announced that they would suspend publication of materials about the military special operation in Ukraine, but would continue to cover other social and economic events.