Google’s Russian subsidiary is filing for bankruptcy


© Reuters. FILE PHOTO: The Google LLC logo appears in the Google Store Chelsea in Manhattan, New York, USA, November 17, 2021. REUTERS / Andrew Kelly

(Reuters) – The Russian subsidiary of Alphabet’s Google (NASDAQ 🙂 has filed for bankruptcy, Interfax reported on Friday, citing court documents online.

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

“The seizure of Google Russia’s bank account by the Russian authorities has made it impossible for our office in Russia to function … Therefore, Google Russia has filed for bankruptcy,” a company spokesman said.

“People in Russia rely on our services … and we will continue to keep available free services such as Search, YouTube, Gmail, Maps, Android and Play.”

Russia has restricted access to the leading social networks Twitter (NYSE 🙂 and Meta Platforms Inc, Facebook (NASDAQ 🙂 and Instagram).

Google and its YouTube video hosting service, though under pressure, remain available for now. Moscow is particularly opposed to YouTube’s treatment of Russian media, which it blocks.

But Anton Gorelkin, deputy head of the State Duma’s information policy committee, said the US company was not yet at risk of being blocked.

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