Google Russia Threatened Bankrupt, What's Up Mr. Putin?

Google's Russian subsidiary is in danger of going bankrupt after authorities confiscated its bank account. Such actions make it impossible for the company to pay staff and vendors.

"But free services including search and YouTube will continue to operate," a Google spokesperson said.

As reported by Alphabet units, such as Google and YouTube have been under pressure in Russia for months for failing to remove content deemed illegal by Moscow.

The company also restricts access to some Russian media on YouTube. But so far the Kremlin has not blocked access to company services.

notification of its intention to file for bankruptcy," a company spokesperson said.

A TV channel owned by a sanctioned Russian businessman said in April that bailiffs had confiscated 1 billion rubles (approximately USD 231 billion) from Google for its failure to restore access to his YouTube account. In the first such incident, the US tech giant said its bank accounts had been confiscated in its entirety.

Google did not immediately confirm whether the seizure of the funds led to its intention to file for bankruptcy, or whether another seizure had occurred.

The Russian Federal Seizure Service database recorded two seizures since mid-March, without specifying the number, as well as fines and other law enforcement costs.

The service confirmed that it had seized Google assets and property.

Google confirmed it has moved many of its employees out of Russia since Moscow sent tens of thousands of troops to Ukraine on February 24. But some chose to stay.

The Google subsidiary intends to declare bankruptcy and since March 22 has foreseen the inability to meet its monetary obligations, including severance payments, remuneration for current and former staff and mandatory payments on time.

Google, which has stopped selling ads and most other commercial operations in Russia, said its free services, including Gmail, Maps, Android and Play, would remain available to Russian users.

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Google Russia Threatened Bankrupt, What's Up Mr. Putin?

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