Google’s Russian Subsidiary Files for Bankruptcy

On May 18, local time, Google issued a notice of bankruptcy filing after the Russian government confiscated the bank accounts of Google’s Russian subsidiary, making it unable to make payments due to employees and suppliers, as well as fulfill other financial obligations. Free services such as search and YouTube will continue to operate, a Google spokesman said.

It is reported that Google has been under pressure in Russia, and Moscow authorities have asked for restrictions on access to some media and YouTube channels. The database of the Russian police shows that there have been seizures twice since mid-March, as well as other fines and law enforcement fees, and the authorities have confirmed that Google’s assets have been confiscated.

Because the confiscation of Google’s accounts by the Russian authorities has also resulted in the inability of local Russian YouTube operators to extract due profit from Google, and these assets have been occupied by the Russian authorities.

Picture of Aussie Brief News

Aussie Brief News

Go to First Page and Get the Latest News.

Translator:MOS Education Team – Winsun
Design&editor: Hbamboo

Leave a Reply

Your email address will not be published. Required fields are marked *