The arrest of a Google Russia bank account made it impossible for the Russian office to operate, including retaining employees and paying them.
The Russian “son” of the American corporation Google – LLC Google – has filed its own bankruptcy in the Moscow Arbitration Court. On Friday, June 17, Interfax reported in connection with the data file of the arbitration cases.
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It is learned that on May 18, Google LLC posted a notice to the Fedresurs of its intention to apply to the arbitration court with an application for recognition of its own bankruptcy. The Russian company then reported that from March 22, 2022, “it sees its own bankruptcy and the impossibility of fulfilling financial obligations.”
Google then explained that the arrest of the Google Russia bank account made it impossible for the Russian office to operate, including retaining employees and paying for work in the Russian Federation, paying suppliers and contractors, and complying with other financial obligations.
At the same time, Google reported that the company will continue to provide the opportunity to use free services for users from the Russian Federation, such as Search, YouTube, Gmail, Maps and Google Play.
Recall that according to the claims of Roskomnadzor, Google imposed a turnover fine in the amount of more than 7.2 billion rubles (more than $ 127 million at the current exchange rate), which the company had to pay before March 19. In May , bailiffs opened a lawsuit against Google for enforcing the turnover fine.
The company has also been fined more than once for failing to remove content so-called “prohibited” in the Russian Federation from its sites, including YouTube.
In addition, now several lawsuits have been initiated against Google’s “daughter” in the arbitration, which the Russian media is suing.
Google LLC was registered in 2005. By the end of 2021, the revenue of the Russian company reached 134.3 billion rubles, while the company received a net loss of 26 billion rubles (this is the first loss of the company since at least 2009 ).
It was also reported that Google moved most of its employees out of Russia to Dubai, where it has a large office. At the same time, some of them decided to quit their jobs and stay in the Russian Federation.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.