Spotify Drops Russia Start on Slowing Economy, Web Rules

Spotify Ltd., the music-streaming service seeking new funding for its expansion, canceled plans to start business in Russia amid the country’s economic slump and tightening Web regulation.

The company isn’t going ahead with a debut that had been planned for the first half, Alexander Kubaneishvili, head of Russia for Spotify, said in an e-mail Monday. Kubaneishvili said that he is set to leave the company amid the canceled start.