Google’s Russian branch plans to file for bankruptcy
by Emma Roth from The Verge - All Posts on (#5ZCQM)
Photo by Jeremy Moeller/Getty Images Google's Russian subsidiary will file for bankruptcy, according to a report from Reuters, with the company stating it can no longer keep the branch. The Russian branch reported making 134.3 billion roubles (about $2.086 billion USD) in Russia in 2021 and employed over 100 workers.
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 in a statement to The Verge. Google Russia has published a notice of its intention to file for bankruptcy."
In March, Google suspended the sale of ads in Russia shortly after Russia...