Google Russia Prepares Bankruptcy Procedure – The Moscow Times

Google’s Russian branch has initiated a bankruptcy procedure over its inability to pay a $100-million fine for keeping up content Moscow deems illegal, mediareported Wednesday as Russia continues to intensify its pressure on Big Tech following its invasion of Ukraine.

A Moscow courtfined Google 7.2 billion rubles ($113.5 million) in December 2021 for failure to remove content banned in Russia. Google, which tried but failed to appeal the ruling, missed a March 19 deadline to pay the fine.

Google submitted a notice of intent to declare insolvency to Russia’s official registry Fedresurs “because since March 22, 2022, it foresees its inability to fulfill its monetary obligations,” the state-run RIA Novosti news agency reported.

It was not immediately clear what the move would mean for Russians’ access to Google’s popular search engine or its other services such as YouTube. A senior cabinet minister this week stressed that unlike Facebook and Instagram, which have been declared “…

Read Full Story: https://www.themoscowtimes.com/2022/05/18/google-russia-prepares-bankruptcy-procedure-a77718

The post Google Russia Prepares Bankruptcy Procedure – The Moscow Times first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/05/18/google-russia-prepares-bankruptcy-procedure-the-moscow-times_2022051820120.html

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.