Google declares bankruptcy in Russia

by admin, Thursday, 19 May 2022 (3 months ago)

Google was forced to declare bankruptcy in Russia after the Russian authorities confiscated its bank account and made it virtually impossible for the company to continue its activities in the country.

GoogleIts Russian subsidiary, an Alphabet Group company, plans to file for bankruptcy following the seizure of its bank account by authorities, in an apparent escalation of the Kremlin’s push to cut off Russians from information about Ukraine’s invasion of Ukraine. the country. The Russian arm of Google said it made 134.3 billion rubles ($ 2 billion) in Russia in 2021 and employed more than 100 people.

The recent seizure of Google’s Russian bank account “made it impossible for us to operate our office in Russia. “including the recruitment and payment of employees based in Russia, the payment of suppliers and sellers and the fulfillment of other financial obligations,” a Google spokesman told Reuters. The company simply had no choice but to file for bankruptcy.

For several months now, the Russian branch of Google has been under pressure in Russia for not removing content that Moscow deems illegal and for restricting access to YouTube for certain Russian media. Recall that Russia, for example, had accused Google of spreading false news and fined it 126,000 euros. Although Russia has banned Google News from broadcasting “unreliable” information about the war in Ukraine. The Kremlin has so far failed to fully block access to the company’s services.

Google is filing for bankruptcy in Russia following the seizure of its bank account

Russia

Like many other companies, Google suspended most of its business in Russia after the country invaded Ukraine in February. Despite this and the filing of bankruptcy, the company will continue to provide Russians with access to free services. such as Google Search, YouTube, Gmail, and Maps for now.

The Play Store on Android is also maintained, but it is reminded that users can not currently buy applications, as Google has suspended all payment services as part of its response to the Russian invasion of Ukraine.

A Google spokesman said earlier that the company was not going to leave Russia. It will continue its activities, despite the start of bankruptcy and the closure of the regional office.

“Some time ago, Google suspended the vast majority of commercial activities in the country. Today we announce that the seizure of the Google Russia bank account has made the operation of our Russian office impossible. including the retention of workers and the payment of labor in Russia; the payment of suppliers and contractors, as well as the fulfillment of other financial obligations, “said a spokesman for Google.

“At the same time, we know that people in Russia rely on our services to access quality information. and we will continue to provide free services such as Search, YouTube, Gmail, Maps, Android and Play to our users;

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