Thursday, August 11 2022

June 17 (Reuters) – The Russian subsidiary of Alphabet’s Google (GOOGL.O) has filed for bankruptcy, Interfax reported on Friday, citing online court documents.

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

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

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

Russia has restricted access to Twitter (TWTR.N) and the main social networks of Meta Platforms Inc (META.O), Facebook and Instagram.

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

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. read more

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Reuters reporting Edited by Jason Neely and Mark Potter

Our standards: The Thomson Reuters Trust Principles.

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