UK Markets open in 1 hr 51 mins
  • NIKKEI 225

    26,141.63
    -281.84 (-1.07%)
     
  • HANG SENG

    21,554.32
    -298.75 (-1.37%)
     
  • CRUDE OIL

    100.48
    +0.98 (+0.98%)
     
  • GOLD FUTURES

    1,764.80
    +0.90 (+0.05%)
     
  • DOW

    30,967.82
    -129.44 (-0.42%)
     
  • BTC-GBP

    16,828.56
    -237.57 (-1.39%)
     
  • CMC Crypto 200

    441.11
    +1.09 (+0.25%)
     
  • Nasdaq

    11,322.37
    +194.52 (+1.75%)
     
  • ^FTAS

    3,863.91
    -103.70 (-2.61%)
     

Google’s Russian subsidiary submits bankruptcy declaration - Ifax

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(Reuters) -The Russian subsidiary of Alphabet’s Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online.

The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors.

"The Russian authorities’ seizure of Google Russia’s bank account has made it untenable for our Russia office to function ... Therefore, Google Russia has filed for bankruptcy," a company spokesperson said.

"People in Russia rely on our services... and we’ll continue to keep free services such as Search, YouTube, Gmail, Maps, Android and Play available."

Russia has restricted access to Twitter and Meta Platforms Inc's flagship social networks, Facebook and Instagram.

Google and its YouTube video hosting service, though under pressure, remain available for now. Moscow in particular objects to YouTube's treatment of Russian media, which it has blocked.

But Anton Gorelkin, deputy head of the State Duma committee on information policy, said the U.S. company was not yet at risk of being blocked.

(Reporting by ReutersEditing by Jason Neely and Mark Potter)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting