Google’s Russian Subsidiary Submits Bankruptcy Declaration – Ifax

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The Russian subsidiary of Alphabet’s (GOOGL.O) Google has submitted a declaration of bankruptcy, Interfax.

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.

Russia has restricted access to Twitter (TWTR.N) and Meta Platforms Inc’s (META.O) flagship social networks, Facebook and Instagram.

Google and its YouTube video hosting service, though under pressure, remain available for now. Moscow in particular objects to YouTube’s treatment of Russian media, which it has blocked.

But deputy head of the State Duma committee on information policy, said the U.S. company was not yet at risk of being close.
-Reuters.

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