Google says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers.
Russian state media reported Wednesday that the U.S. tech company’s Russian subsidiary, Google LLC, submitted notice of its intention to declare bankruptcy to a national registry, Fedresurs.
The company said in a press statement that it filed for bankruptcy because 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.”
Google, which had previously suspended its business operations in Russia, said it would continue to provide its free services there, including Search, YouTube, Gmail, Maps, its Android operating system and its Play app store.
DJI halts Russia, Ukraine business to prevent drone misuse
© 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Citation:
Google’s Russian business plans to file for bankruptcy (2022, May 18)
retrieved 18 May 2022
from https://techxplore.com/news/2022-05-google-russian-business-bankruptcy.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
