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Search engine Google (Google) said on Wednesday local time that its Russian operations would file for bankruptcy protection because the Russian branch was unable to pay employees and suppliers, but free services including search, email, maps and YouTube would continue to be available locally. Provide services.
After a court froze Google's main bank account in Russia in late March, the subsidiary began offering to move Russian employees out of the country, The Wall Street Journal reported. Court bailiffs then moved funds out of Google’s accounts, leaving Google without funds to pay salaries and other expenses, the people said, without disclosing the amount that was frozen.
Google Russia
It is reported that Google has evacuated most of its employees from Russia and will end its business operations in the country in the short term. Most of Google's Russian employees chose to leave the country to continue working for Google outside Russia, with a large number of employees eventually moving to Dubai, where Google has a large office. Some employees have opted to stay in Russia and leave, and soon Google will no longer have employees in Russia, the people said.
Google said Russian authorities froze the subsidiary's bank accounts, rendering its Russian office inoperable, including the inability to hire and pay employees in Russia, make payments to suppliers and suppliers, and meet other financial obligations. Google's Russian subsidiary will soon declare bankruptcy in the country, Google said in a Russian regulatory announcement on Wednesday.
Russia noted on Tuesday that, despite repeated threats and fines, it did not plan to block YouTube to spare Russian users. After the outbreak of the Russian-Ukrainian conflict, Google decided to stop Russian ad sales and most business operations, but was committed to maintaining search engine, email, YouTube, maps, Android systems and other services.
