By Reuters | Updated: 17 June 2022
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.
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.
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.
