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Google’s Russian company plans to file for bankruptcy


Google says its Russian subsidiary plans to file for bankruptcy because it can’t pay staff and suppliers

LONDON — Google says its Russian subsidiary is considering filing for bankruptcy because it can’t pay its staff and suppliers.

Russian state media reported on Wednesday that the Russian subsidiary of U.S. technology company Google LLC had submitted a notice of its intention to declare bankruptcy to a national registry, Fedresurs.

The company said in a press release that it filed for bankruptcy because “the seizure by Russian authorities of Google Russia’s bank account has rendered the operation of our office in Russia untenable, including employment and payment of Russian-based employees, payment of suppliers and vendors, and meeting other financial obligations.

Google, which had previously suspended its business operations in Russia, said it would continue to provide its free services there, including Search, YouTube, Gmail, Maps, its Android operating system and its App Store Play.

ABC News

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