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

30.06Shopping agent Daydream wants fashion retail to feel like magic, not a search bar
27.06AI Update, June 27, 2025: AI News and Views From the Past Week
27.06Compact UV printer smashes records as creators embrace DIY manufacturing
26.06Five Strategies of Business With Standout Productivity Growth [Infographic]
26.06Become a Better Leader: Five Steps Toward Discovering Your Blind Spots
26.06How Association Media Delivers for B2B Marketers What Algorithms Cannot
26.06Free laundry at noon: Samsung and Coolblue make climate action effortless
25.06How Happy Are US Small Business Owners?
Marketing and Advertising »

All news

30.064 Advanced Charting Techniques for Day Traders
30.06Bull Radar
30.06Bear Radar
30.06Stocks Rising into Final Hour on US-Global Trade Deal Optimism, Lower Long-Term Rates, Short-Covering, Tech/Financial Sector Strength
30.06St. Louis regions slowing population growth spurs call for action
30.06Chicago Housing Authority gives another big payout to terminated executive
30.06Mid-Day Market Internals
30.06Tomorrow's Earnings/Economic Releases of Note; Market Movers
More »
Privacy policy . Copyright . Contact form .