Google Russia to seek bankruptcy
LONDON — Google said its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers.
Russian state media reported Wednesday that the U.S. tech company’s Russian subsidiary, Google LLC, submitted notice of its intention to declare bankruptcy.
The company said in a statement that it filed for bankruptcy because the “Russian authorities’ seizure of Google Russia’s bank account 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.”
Google said it would continue to provide its free services in Russia, including Search, Youtube, Gmail and its Play app store.