May 1, 2025
Trending News

Google to declare bankruptcy in Russia

  • May 18, 2022
  • 0

As it is known, Google’s subsidiary in Russia, Google, plans to apply to the arbitral tribunal to declare its own bankruptcy. As of March 22, 2022, the company

Google to declare bankruptcy in Russia

As it is known, Google’s subsidiary in Russia, Google, plans to apply to the arbitral tribunal to declare its own bankruptcy. As of March 22, 2022, the company “estimates its own bankruptcy and inability to meet its monetary obligations.” At the moment, the court in the cases of Roskomnadzor has imposed a revolving fine of more than 7.2 billion rubles, which the company had to pay voluntarily until March 19.

In May, Russian enforcement officers sued Google. The case is based on the decision of the Moscow Tagansky court. In addition, several lawsuits have been filed against Google’s Russia division in an arbitration court where the plaintiffs are Russian media.

According to the results of 2021, the Russian legal entity Google received a net loss of 26 billion rubles. Source

Source: Port Altele

Leave a Reply

Your email address will not be published. Required fields are marked *