18 May, 08:26 PM

Google’s Russian subsidiary declares itself bankrupt

Internet giant Google's Russian subsidiary will declare itself to be bankrupt, the company announced in a filing with the Russian government, published on May 18.

Russia's war against Ukraine – the main events of May 18

This decision is connected with the seizure of a Google Russia bank account, which made it impossible for the tech giant’s Russian office to operate.

In particular, the seizure has rendered the company unable to pay salaries to employees in the Russian Federation, pay the bills for suppliers and contractors, and fulfill other financial obligations.

The company will continue to provide Russian users with free Search, YouTube, Gmail, Maps, Android and Play services.

At the same time, Google stated that some time ago, the company had suspended the vast majority of its commercial operations in Russia.

In April of this year, Google turned off payments for all Russian bank cards, as well as by phone number.

Google has globally blocked Russian state media YouTube channels in response to the Russian war against Ukraine, and says it has stepped up moderation on its social media and news platforms in order to stymie actors who are “denying, minimizing or trivializing well-documented violent events,” according to a YouTube tweet in March.

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