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

05.03Corona Cero maps sunlight to help urban workers find better spots for lunch breaks
04.03Soccer club PSG scales from a sold-out 10K in Paris to year-round run clubs worldwide
03.03The new creative class? Amsterdam agency recruits 70-somethings to tackle client briefs
02.03Nine out of ten women say sex ed failed them. This company is pushing back
28.02This retro-inspired handheld comes with Banjo-Kazooie and Battletoads built in
28.02Alaska could be the next state to crack down on AI-generated CSAM and restrict kids' social media use
28.02Shuttered studio Bluepoint reportedly pitched a Bloodborne remake, but it got shot down by FromSoftware
28.02Everything announced at MWC 2026: The new Leica Leitzphone by Xiaomi, Honor's ultra-thin MagicPad 4 and more
Marketing and Advertising »

All news

05.03Quote: What an Economist Must Know
05.03Research Report: Minority Students Give Their Schools Poor Grades
05.03'Net Neutrality' Emerging as Ethical and Legal Issue
05.03Laptop Theft Becoming Nagging Security, Legal, and Ethical Issue
05.03British Airways Under Investigation for Allegations of Price Fixing
05.03Canadian Prime Minister Formally Apologizes for Chinese Head Tax
05.03Chinese Graduates Riot over Lackluster Satellite-School Diplomas
05.03Doctors to Seek Ethics-Board Approval for Full Face Transplant
More »
Privacy policy . Copyright . Contact form .