Thursday, 19 May 2022

Google Russia is filing for bankruptcy after officials seize its accounts

Amid the tension between Ukraine and Russia, Google's Russian division has announced that it will be filling for bankruptcy. The move comes after Russian authorities seized Google's bank account making it impossible for the US giant to pay for their staff, vendors, and other expenses. 

In a statement for Reuters, Google's spokesperson confirmed the move and said the following: 

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. 

Google Russia has published a notice of its intention to file for bankruptcy.



By Anmol Mehrotra.

Full story at Neowin.

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