Home United States USA — IT Google Russia to file for bankruptcy after account seized

Google Russia to file for bankruptcy after account seized

78
0
SHARE

We’re shutting down as we can no longer pay staff, bills, web giant says
Google Russia is shutting down and filing for bankruptcy after Vladimir Putin’s government confiscated the Chocolate Factory’s bank account in the nation.
« The 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 Google spokesperson confirmed to The Register in a statement on Wednesday.
« Google Russia has published a notice of its intention to file for bankruptcy. »
Staff working for Google Russia were given a choice of moving to a different subsidiary or leaving their jobs. Most employees have opted to move to Dubai, according to the Wall Street Journal. Google began relocating workers in March, just after Russia launched a full invasion on Ukraine.

Continue reading...