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Russia has been in the headlines recently for all the wrong reasons. That hasn't deterred Netflix. The streaming service is considering launching in Russia, while other entertainment companies pull out of the troubled territory.

"It is our ambition to be a global internet TV network, and we expect to complete our global expansion over the new two years," Joris Evers, Netflix's head of communications for Europe, told Variety.

"We would certainly hope that Russia is part of that expansion, but I am not able to share any further details at this time."

Earlier this year, Netflix laid out its expansion plans. "By the end of 2016, we intend to be available pretty much everywhere in the world," it said in a blog post. It's currently available in around 50 countries and will expand into Australia and New Zealand in March, and Japan later this year.

Russia's economic downturn has been worsened by sanctions over its alleged involvement in the battle in Ukraine. It has also had legislative changes that have seen advertising banned on pay TV channels, and limitations of foreign ownership. This has caused entertainment behemoths like NBCUniversal to leave Russia.

We'll have to see if Netflix has more success there.

Source: Variety

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