Google's Russian subsidiary to file for bankruptcy after bank account seized

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Google\u0027s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday (May 18). The Alphabet Inc unit has been under press

Google's Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday .

"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," a Google spokesperson said.

The database of Russia's Federal Bailiffs Service listed two seizures since mid-March, without specifying the amounts, as well as other fines and enforcement fees.Google had moved many of its employees out of Russia since Moscow sent tens of thousands of troops into Ukraine on Feb 24. But some had remained.

Russia said on Tuesday it was not planning to block Google's YouTube, in spite of repeated threats and fines, acknowledging that such a move would likely see Russian users suffer and should therefore be avoided.

 

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