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Kremlin fines cause Google’s Russian subsidiary to file for bankruptcy

Russian subsidiary of the computer giant Google According to a message published today in the official Russian Federal Register federations…

By admin , in news , at May 19, 2022

Russian subsidiary of the computer giant Google According to a message published today in the official Russian Federal Register federations is about to declare bankruptcy.

The document indicates that Google’s Russian office files a notification about the “intent to declare” bankrupt,

layoff

«From March 22, 2022, the company is planning its bankruptcy and inability to meet its monetary obligations,” the document stated.

Google tells Russia it can’t afford to pay Compensation for dismissal and remuneration of employees under their employment contracts.

It is currently unknown if . cause of bankruptcy They are millionaire fines imposed by Russian authorities on Google for refusing to remove content deemed illegal in Russia or administrative cases opened against a subsidiary of the technology giant at the request of Russian media.

The technology company reported in early May that it had blocked eight million ads related to a Russian military operation. Ukraine According to Scott Spencer, vice president of product management, advertising, privacy and security, to “prevent the advantage or exploitation of the situation”.

In a post on the company blog, wig He explained that all advertisements in Russia have been blocked and advertisements of Russian companies have also been prevented from being viewed abroad.

On the other hand, it was also restricted that the media funding Russians receive funds by the state through their platforms.

no russian ads

except eight million Due to blocked ads, the company removed ads from more than 60 official Russian media outlets.

According to the Interfax agency, the loss of Google Russia in 2021 amounted to 26 billion rubles (about $409 million).

In the subsidiary itself, they mentioned that Google’s free services – such as GmailYouTube and Google Play – will continue to operate in Russia despite the closure of their offices.

Kremlin fines cause Google’s Russian subsidiary to file for bankruptcy

2022-05-19 06:51:28