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

03.01Prices for an old Star Wars game have ballooned because of its role in a PS5 jailbreak
02.01Where are Engadget's CES 2025 winners now?
02.01GE's new Smart Refrigerator automates grocery shopping with a barcode scanner and Instacart
02.01How to watch the AMD CES 2026 keynote live
02.01Amazon's base Kindle is $20 off right now
02.01Clicks is bringing its first smartphone and a new keyboard to CES 2026
02.01How to watch Awesome Games Done Quick 2026
02.01LG made up a new word for its next ultralight Gram laptops: 'Aerominum'
Marketing and Advertising »

All news

03.01Bajaj Finance Q3 updates: New loans booked in December quarter grow 15% YoY, AUM jumps 22%
03.01Venezuela attack: Trump says U.S. has captured leader Nicolás Maduro
03.01Looking for 2026 winners? Hindustan Copper, BSE among 10 stocks with up to 36% upside
03.01Looking for 2026 winners? Hindustan Copper, BSE among 10 stocks with up to 36% upside
03.01FIIs dump Rs 7,608 cr in two sessions after 1.66 lakh cr sell-off in 2025. Why experts remain convinced on trend reversal in 2026?
03.01Dalal Street Week Ahead: Uptrend intact on weekly charts, selective profit-taking likely ahead
03.01Berkshire has best chance of lasting 100 years, says Warren Buffett as Greg Abel takes charge
03.01Axis top picks: 6 large cap stocks that can deliver returns of up to 34% in 2026
More »
Privacy policy . Copyright . Contact form .