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

09.01CES: So very big, so little sustainability tech
09.01CES 2026 proved the PC industry is hosed this year
09.01The Clicks co-founder explains who its tiny Communicator phone is for
09.01Meta announces a slew of nuclear energy agreements
09.01CES 2026 offered a lonely vision of the future
09.01Sharpa's ping-pong playing, blackjack dealing humanoid is working overtime at CES 2026
09.01NASA is ending Crew-11 astronauts' mission a month early
09.01Dolby Vision 2 is coming this year, heres what you need to know
Marketing and Advertising »

All news

09.01CES: So very big, so little sustainability tech
09.01CES 2026 proved the PC industry is hosed this year
09.01US calls Argentina peso bet a 'homerun deal'
09.01The Clicks co-founder explains who its tiny Communicator phone is for
09.01Meta announces a slew of nuclear energy agreements
09.01CES 2026 offered a lonely vision of the future
09.01Illinois, four other states sue Trump administration over frozen child care care funds
09.01Martin Lewis on 'the most dangerous form of mainstream debt in the UK'
More »
Privacy policy . Copyright . Contact form .