Google's Russian branch plans to file for bankruptcy2022-05-18 19:11 by Daniela
Google's Russian subsidiary will file for bankruptcy, according to a report from Reuters, with the company stating it can no longer keep the branch. Google is set to pull out of Russia after Russian authorities seized its bank account and made it all but impossible for operations to continue in the country. The Russian branch reported making 134.3 billion roubles (about $2.086 billion USD) in Russia in 2021 and employed over 100 workers. "We previously announced that we paused the vast majority of our commercial operations in Russia. 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," the Google spokesperson told The Hill. The good news for the Russian population is that free Google services including Android, Gmail, Maps, Search, and YouTube will continue to function. The Play store is also sticking around, but currently can't be used to purchase any apps because Google suspended all payment services as part of its response to Russia's invasion of Ukraine. Read more -here-
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