Google’s Russian company plans to file for bankruptcy – Smithers Interior News

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A woman walks past the Google logo at the China International Import Expo in Shanghai November 5, 2018. Google says its Russian subsidiary is considering filing for bankruptcy because it cannot pay staff and suppliers. Russian state media reported on Wednesday, May 18, 2022 that the Russian subsidiary of the American technology company had notified its intention to declare bankruptcy to a national register. (AP Photo/Ng Han Guan, File)

Google’s Russian company plans to file for bankruptcy

The subsidiary cannot pay staff and suppliers




Google says its Russian subsidiary plans to file for bankruptcy because it cannot pay staff and suppliers.

Russian state media reported on Wednesday that the Russian subsidiary of U.S. technology company Google LLC had submitted a notice of its intention to declare bankruptcy to a national registry, Fedresurs.

The company said in a press release that it filed for bankruptcy because “the seizure by Russian authorities of Google Russia’s bank account has rendered the operation of our office in Russia untenable, including employment and payment of Russian-based employees, payment of 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 App Store Play.

THE ASSOCIATED PRESS

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