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Google Subsidiary in Russia To File for Bankruptcy

Wednesday May 18, 2022. 04:40 PM , from Slashdot
The Russian subsidiary of Alphabet's Google plans to file for bankruptcy, saying it had become impossible for the company to pay employees and suppliers. From a report: Google submitted a notice of intent to declare itself bankrupt, according to a message published Wednesday on Russia's Fedresurs registry. A Google spokesperson separately said an earlier move by authorities to seize its bank account made continuing operations in the country impossible. 'The Russian authorities' seizure of Google Russia's bank account has made it untenable for our Russia office to function, including employing and paying Russia-based employees, paying suppliers and vendors, and meeting other financial obligations,' the Google spokesperson said. The company had already paused most of its commercial operations in Russia, including all advertising, after the country's communications censor accused the company's YouTube video service of spreading misinformation and stoking protests.

Read more of this story at Slashdot.

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