Google’s Russian division is filing for bankruptcy

Google’s Russian division submitted a discover of intention to declare chapter after officers seized its checking account. That “has made it untenable for our Russia workplace to perform, together with using and paying Russia-based staff, paying suppliers and distributors, and assembly different monetary obligations,” a Google spokesperson advised Reuters,

Like many different corporations, Google suspended most of its business actions in Russia following the nation’s invasion of Ukraine in February. Regardless of that and the chapter submitting, it is going to proceed to offer Russians with entry to free companies reminiscent of Search, YouTube, Gmail, Maps and Android in the interim.

In Could final yr, Russia fined Google round $82,000 for failing to delete 1000’s of items of content material it deemed to be unlawful. Authorities then fined the corporate roughly $98 million in December for comparable causes. That was estimated to be round 5.7 p.c of Google’s 2021 turnover in Russia.

In latest months, telecoms regulator Roskomnadzor has been urgent YouTube to elevate restrictions on entry to Russian media. A Russian TV channel reported final month that bailiffs seized round 1 billion rubles (roughly $15 million) from Google after it declined to revive the station’s entry to its YouTube account.

Whereas Russia has blocked many different platforms and companies, together with Google Information, it does not at the moment have plans to stop customers within the nation from accessing YouTube. It mentioned this week that residents would probably undergo because of such a transfer. Reuters reported that the streaming platform has round 90 million Russian customers.

Russia’s minister for digital growth additionally mentioned that, regardless of testing its personal, closed-off model of the web, the nation plans to remain linked to the worldwide community.

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