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Google's Russian business to file for bankruptcy

PTI | | Updated on: May 19, 2022

FILE PHOTO: The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo | Photo Credit: CHARLES PLATIAU

Seizure of its bank account by ‘Russian authorities’ made it untenable to continue operating in the country, the Google subsidiary said

Google says its Russian subsidiary is planning to file for bankruptcy because it can't pay staff and suppliers.

Russian state media reported on Wednesday that the US tech company's Russian subsidiary, Google LLC, submitted a 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.

Published on May 19, 2022
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