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Google's Russian subsidiary submits bankruptcy declaration – Ifax

Reuters / 1 min read.
June 17, 2022
floq.to/JNQ05

(Reuters) -The Russian subsidiary of Alphabets Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online.

The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors.

“The Russian authorities seizure of Google Russias bank account has made it untenable for our Russia office to function … Therefore, Google Russia has filed for bankruptcy,” a company spokesperson said.

“People in Russia rely on our services… and well continue to keep free services such as Search, YouTube, Gmail, Maps, Android and Play available.”

Russia has restricted access to Twitter and Meta Platforms Inc’s flagship social networks, Facebook and Instagram.

Google and its YouTube video hosting service, though under pressure, remain available for now. Moscow in particular objects to YouTube’s treatment of Russian media, which it has blocked.

But Anton Gorelkin, deputy head of the State Duma committee on information policy, said the U.S. company was not yet at risk of being blocked.

(Reporting by ReutersEditing by Jason Neely and Mark Potter)

Categories: News
Tags: Android, bank, company, Google+, services

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