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

22.11Wind-powered trimaran cuts Atlantic shipping time in half, with near-zero emissions
21.11AI Update, November 21, 2025: AI News and Views From the Past Week
20.11The Most Appropriate and Inappropriate Emojis at Work [Infographic]
20.11How Digital Twins Are Transforming B2B Marketing Product Launches
20.11In Tokyo, a new space for writing letters to the departed as a quiet ritual of grief
19.11The State of AI Use Among Professional Writers
19.11Performance Branding: The Misalignment Between Brand and Performance Marketing
19.11Soccer league unveils blueprint for stadiums built around women, not men
Marketing and Advertising »

All news

24.11Monday Watch
24.11Natco Pharma, 3 other pharma stocks decline up to 2.5% after important inspections at their units. Do you own?
24.11UK 'world's most expensive place' to develop nuclear power
24.11HG Infra shares surge 6% after winning Rs 1,415 crore metro rail contract
24.11PSU bank stocks losing momentum, wait for dips before going long: Anand James
24.11Oil falls as Ukraine peace talks edge toward a solution
24.11Gold dips as dollar firms on reduced rate-cut prospects
24.11Most top Indian investors see drop in net worth in JulySept quarter
More »
Privacy policy . Copyright . Contact form .