Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2022-05-18 21:47:05| Engadget

Google's Russian division submitted a notice of intention to declare bankruptcy after officials seized its bank account. That "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 told Reuters.Like many other companies, Google suspended most of its commercial activities in Russia following the country's invasion of Ukraine in February. Despite that and the bankruptcy filing, it will continue to provide Russians with access to free services such as Search, YouTube, Gmail, Maps and Android for the time being.In May last year, Russia fined Google around $82,000 for failing to delete thousands of pieces of content it deemed to be illegal. Authorities then fined the company approximately $98 million in December for similar reasons. That was estimated to be around 5.7 percent of Google's 2021 turnover in Russia.In recent months, telecoms regulator Roskomnadzor has been pressuring YouTube to lift restrictions on access to Russian media. A Russian TV channel reported last month that bailiffs seized around 1 billion rubles (approximately $15 million) from Google after it declined to restore the station's access to its YouTube account.While Russia has blocked many other platforms and services, including Google News, it doesn't currently have plans to prevent users in the country from accessing YouTube. It said this week that residents would likely suffer as a result of such a move. Reutersreported that the streaming platform has around 90 million Russian users. Russia's minister for digital development also said that, despite testing its own, closed-off version of the internet, the country plans to stay connected to the global network.


Category: Marketing and Advertising

 

Latest from this category

31.12Instagram chief: AI is so ubiquitous 'it will be more practical to fingerprint real media than fake media'
31.12How to watch Samsung's "First Look" CES 2026 presentation
31.12January's PS Plus Monthly Games include Need for Speed Unbound and Disney Epic Mickey: Rebrushed
31.12How to use a VPN
31.12How to watch the first-ever Lego CES 2026 press conference live
31.12From 'Dick Clark's New Year's Rockin' Eve' to 'Nashville's Big Bash,' here's how to watch this year's biggest New Year's Eve TV specials
31.12LG announces new line of xboom speakers ahead of CES
30.12The OneXSugar Wallet is an upcoming retro handheld with a 4:3 foldable screen
Marketing and Advertising »

All news

01.01ITC, Godfrey Phillips shares crack up to 8% on New Years Day. Whats the bad news?
01.01Zohran Mamdani to take oath on Quran as New York City mayor today
01.01ETMarkets Smart Talk| We expect Nifty to be in the range of 28000-29000 in coming CY2026, says Vikas Khemani
01.01Positive Breakout: These 11 stocks cross above their 200 DMAs
01.01US issues fresh sanctions targeting Venezuela's oil sector
01.01New Year Stock Market Holiday for 2026: Are NSE, BSE closed today on 1 January; Check here
01.01High-conviction bets for 2026 with potential gains of 1139%
01.01Planning to invest Rs 10 lakh in 2026? What should investors keep in mind
More »
Privacy policy . Copyright . Contact form .