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Roblox rises as Russia seeks to lift restrictions

Roblox shares rose as much as 5.37% in New York on June 9 after Russia’s digital ministry and Roskomnadzor, the country’s communications watchdog, asked law enforcement agencies to lift restrictions imposed in December on the gaming platform.

The stock was up 3.42% at US$43.70 at 10:43 a.m. Roblox had given assurances it would comply with Russian law, though any final decision rested with those authorities.

Russia blocked Roblox in December over what Roskomnadzor said was inappropriate content that could negatively affect children’s spiritual and moral development.

Roskomnadzor manages Russia’s website blocklist and directs internet providers to enforce restrictions. Rights groups said Russian authorities can also block websites outside the public registry, making any reinstatement process less transparent.

🔗 Source: Bloomberg

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