According to reports, in Russia’s latest suppression of foreign Internet companies, the Google and Russian subsidiary of Alphabet Inc announced the application for bankruptcy because of a large amount of fines that caused its local bank account to be frozen. As explained in the statement issued on the website of the Russian Federal Registration Office this Wednesday, the Google subsidiaries intend to ask for the arbitration court to declare its bankruptcy. In the same communication, it can be seen that since March 22, the company has always been “It is expected that you will not fulfill the obligation of currency.”
In December last year, a Court of Moscow ruled that YouTube had to lift the blockade of the Sandreid TV Channel owned by Putin allies. Since the beginning of the war, Google has received multiple fines for failing to delete the content, and has faced a fine of up to 1 billion rubles ($ 15 million). Although the Google subsidiaries are facing bankruptcy, Google will continue to provide its Google search, YouTube, Gmail and Google playback services in Russia. However, its Russian offices are currently unable to operate, because the bank account has been frozen as its representatives say.
In March of this year, the Russian authorities accused Meta Platform Inc. Facebook and Instagram for extremist activities, and it was forbidden to operate in Russia, while the Tiktok platform prevented Russian users from posting new videos to avoid conflicts with the government.
Post time: May-20-2022