Google's Russian business plans to file for bankruptcy
Google says its Russian subsidiary is planning to file for bankruptcy because it cant pay staff and suppliers. Russian state media reported Wednesday that the U.S. tech companys Russian subsidiary, Google LLC, submitted notice of its intention to declare bankruptcy to a national registry, Fedresurs.
- Country:
- United Kingdom
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.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Google Russia's
- YouTube
- Russia
- Gmail
- Maps
- Fedresurs
- U.S.
- Google LLC
- Russian
ALSO READ
Total Solar Eclipse 2024: Google marks Surya Grahan with special animation
ANALYSIS-Google's contemplated mega deal would prompt new fight with regulators
ANALYSIS-Google's contemplated mega deal would prompt new fight with regulators
Russian court rejects Google's appeal against $50-mln fine over Ukraine content
Google introduces AI Meetings and Messaging add-on for Workspace customers