Google Russia has reportedly submitted papers for bankruptcy
According to a Russian news service, Google Russia, the Russian affiliate of Google LLC, has filed bankruptcy proceedings. Google Russia filed for bankruptcy on June 16th in the Moscow Arbitration Court, according to Interfax. According to a Google spokeswoman, the firm has had difficulty conducting operations since the start of the war. The subsidiary company’s financial accounts were first confiscated by Russian authorities. Authorities claim that Google failed to comply with their requests, resulting in the seizure of accounts. Russia had requested that Google remove a few items from its search results.
Due to a shortage of money, the corporation was unable to keep up with everyday activities soon after the seizure. Paying merchants and suppliers, as well as distributing salaries to employees, were all halted. Because no financial obligations were being met, the company became paralyzed. All of this prompted the corporation to make difficult decisions, including declaring bankruptcy and ceasing operations in Russia.
Employees at Google Russia are expected to be relocated out of the country. Though we don’t have the exact number of Google employees in Russia, multiple media outlets reported last month that about half of the company’s staff had already left the country. The personnel will be relocated to Google LLC’s Dubai office, according to the news agency.
Despite the fact that Google is leaving Russia totally, it has announced that services such as YouTube and Google Search would continue to be available to Russian nationals. According to reports, Google was fined 11 million roubles for using YouTube to promote false material. In May 2022, Google LLC will discontinue all operations in the country. Ukraine and a number of other countries pressed Google to discontinue providing all services in Russia.
Various corporations from the European Union, the United States of America, and Japan had previously backed out of or scaled back their operations in Russia. Russian officials also posed a threat to YouTube. The Russian government has frequently asked YouTube to remove many anti-Russian videos from its platform. Because YouTube is so popular in Russia, it has not yet been blocked.
The US and its allies have sanctioned various Russian business banks, officials, and President Putin since the start of Russian special operations in Ukraine. Russia has been sanctioned by 2,778 countries and organizations, making it the most sanctioned country on the planet.