The Russian subsidiary of Alphabet’s Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online.
The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors.
“The Russian authorities’ seizure of Google Russia’s bank account has made it untenable for our Russia office to function … Therefore, Google Russia has filed for bankruptcy,” a company spokesperson said.
Google and its YouTube video hosting service, though under pressure, remain available for now. Moscow in particular objects to YouTube’s treatment of Russian media, which it has blocked.
But Anton Gorelkin, deputy head of the State Duma committee on information policy, said the U.S. company was not yet at risk of being blocked.
Disclaimer : OneNewsTech.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us – email@example.com. The content will be deleted within 24 hours.