Google’s Russian subsidiary files for bankruptcy
Google’s Russia subsidiary has filed for bankruptcy amid Moscow’s continued invasion of Ukraine.
A Google spokesperson confirmed the move to The Hill on Wednesday, saying authorities seizing the subsidiary’s bank accounts were preventing it from operating.
“We previously announced that we have suspended the vast majority of our business operations in Russia. The seizure by Russian authorities of Google Russia’s bank account has made it untenable for our Russia office to function, including the employment and compensation of Russian-based employees, to pay vendors and vendors, and meet other financial obligations,” the Google spokesperson said Hill.
Google said Russian residents will still be able to access their free services such as YouTube and Gmail.
“Google Russia issued a notice of intention to file for bankruptcy. People in Russia rely on our services to access quality information and will continue to maintain available free services such as Search, YouTube, Gmail, Maps, Android and play, “said the spokesman.
Reuters reported that a note published on the official register of Russia signaled the plan of the subsidiary belonging to Google to file for bankruptcy.
“As of March 22, 2022, it provides for its own bankruptcy and inability to meet its monetary obligations, demands the payment of severance benefits and (or) compensation for staff working or previously working under an employment contract , and (or) the obligation to make mandatory payments on time,” the company’s memo reads, according to Reuters.
Russia’s Foreign Ministry said earlier this year that Google, along with other major US tech companies, should be held accountable for “incitement to war”, as its discriminating state communications agency has also demanded tech companies allegedly stop Russian media in Europe.
Russia’s invasion of Ukraine, which began in late February, has brought a series of US companies in various industries to an end in the country while international sanctions have intensified against Moscow.