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

01.05Explore Starfield's barren planets at 60 fps on Xbox Series X starting this month
01.05PS5 update will let you invite people to multiplayer games through your smartphone's apps
01.05Block reportedly greenlit transactions involving terrorist groups and sanctioned nations
01.05May's PlayStation Plus games include Ghostrunner 2 and the modern classic Tunic
01.05Xbox Series X/S storage expansion cards from WD and Seagate are discounted right now
01.05Batman: Arkham Shadow is the first big exclusive VR game for the Quest 3
01.05The Selling Styles B2B Buyers Prefer Most
01.05Why the New Cookieless Marketing Landscape Makes Closed-Loop Measurement So Important
Marketing and Advertising »

All news

01.05Tomorrow's Earnings/Economic Releases of Note; Market Movers
01.05Bull Radar
01.05Bear Radar
01.05Stocks Surging into Final Hour on Rising Fed Rate-Cut Odds, Earnings Outlook Optimism, Short-Covering, Financial/Biotech Sector Strength
01.05Explore Starfield's barren planets at 60 fps on Xbox Series X starting this month
01.05New Amtrak service to begin between Chicago and St. Paul
01.05PS5 update will let you invite people to multiplayer games through your smartphone's apps
01.05Analyzing Trade Ideas: A Short Play with Barrie
More »
Privacy policy . Copyright . Contact form .