America
Google's Russia subsidiary plans to file for bankruptcy as can't pay salaries
San Francisco, May 19
Google's Russia subsidiary is set to file for bankruptcy after its bank accounts were seized by Vladimir Putin's government in the wake of the Ukraine war. The company said it is unable to pay salaries of over 100 employees as well as other bills.
The tech giant, however, said that it will continue to keep free services such as Search, YouTube, Gmail, Maps, Android and Play available in the country.
Google's Russia operation generated $2 billion in revenue last year.
"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 the company said in a statement to The Registrar on Thursday.
"Google Russia has published a notice of its intention to file for bankruptcy," the company spokesperson added.
Most employees have opted to move to Dubai as Google began relocating workers in March, just after Russia launched a full invasion on Ukraine.
The war has worsened already tense relations between Russia and the search giant.
Google suspended its ad operations in Russia and halted advertising booked globally by Russian organisations.
Russian Android users can no longer purchase any apps and services via the Google Play Store.
"We previously announced that we paused the vast majority of our commercial operations in Russia," the Google spokesperson was quoted as saying.
Alphabet, Google's parent company, has been under tremendous pressure in Russia for failing to delete alleged illegal content after the Ukraine war began on February 24.
54 minutes ago
Encounter breaks out between security forces and terrorists in J&K’s Kishtwar
56 minutes ago
Poster at Congress headquarters in UP backs its youth wing's 'shirtless' protest at AI Summit
58 minutes ago
CIA retracts 19 intelligence reports over bias concerns
1 hour ago
Eleven members of Baloch family forcibly disappeared by Pakistani forces
1 hour ago
Red Fort, Temple targets on radar: ISI-backed module busted in Tamil Nadu, West Bengal
1 hour ago
World witnessed Bharat's remarkable capabilities at AI Summit, says PM Modi in 'Mann Ki Baat'
1 hour ago
Adani Group's focus on energy, logistics, infra; more opportunities for tier-3, tier-4 students: Karan Adani
1 hour ago
New HCL-Foxconn plant will boost India’s global chip presence: PM Modi
1 hour ago
Adani Ports joins NMDC and Vale Brazil to develop SEZ-based ecosystem for iron ore
1 hour ago
Indigenous Td vaccine launched, JP Nadda calls it milestone for Aatmanirbhar health sector
1 hour ago
Serve with humanity beyond caste, religion: K'taka CM to health staff
1 hour ago
Pharma exports register 9.4 pc growth; industry aims for double-digit expansion in 2026–27: Govt
1 hour ago
India committed to making global clean energy transition faster, fairer: Pralhad Joshi
