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Moscow court accepts Google’s Russian unit’s bankruptcy application -agencies

A Moscow court on Monday accepted a bankruptcy application by Google’s Russian subsidiary and started initial bankruptcy proceedings, placing the…

By financial2020myday , in Stock Markets , at September 12, 2022

A Moscow court on Monday accepted a bankruptcy application by Google’s Russian subsidiary and started initial bankruptcy proceedings, placing the company under supervision, Russian news agencies reported.

Alphabet (NASDAQ:GOOGL) Inc.’s Russian unit filed for bankruptcy this summer after authorities seized its bank account, making it impossible to pay staff and vendors. Free services, including search and YouTube, have continued operating.

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