War in Ukraine: Google Russia is preparing for bankruptcy

Her subsidiary Google in Russia plans to preach bankruptcy after Mrs.seizure of her bank account by the authorities as well unable to pay its staff as well as its suppliers.

However services are offered free of charge, such as internet search and YouTube will still be available, a Google spokesman said yesterday, Wednesday.

Her subsidiary Alphabet is under pressure in Russia for months, after its failure to remove content that Moscow considers illegal, but also to restrict some Russian media on YouTube.

However, according to the APE-MPE, the Kremlin has so far not blocked access to the company’s services.

«The seizure of Goo’s bank accountgle Russia by the Russian authorities made the operation of our office in Russia unsustainable, including the payment of payments to employees based in Russia, but also the payment of payments to its suppliers and partners, as well as the other financial obligations, “said a Google spokesman.

“Google Russia has released an announcement of its intention to declare bankruptcy.”

A TV channel owned by a Russian businessman against whom sanctions have been imposed reported in April that bailiffs had confiscated 14.31 million euros from Google after failing to regain access to its YouTube account.

However This is the first time that the American technology giant announces that its bank account has been confiscated in its entirety.

Google did not immediately confirm whether the seizure of this amount led to its intention to file for bankruptcy or whether other accounts were seized.

The bailiff database in Russia has registered two seizures by mid-March, without specifying the amounts seized, as well as the imposition of fines.

The same service has confirmed that it has seized Google assets.

Google has confirmed that it has moved several of its employees out of Russia since February 24. Moscow invaded Ukraine. However, some of them chose to stay and no longer work for the American company.

Source: News Beast

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