Financial News

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

Reuters
Reuters
FILE PHOTO: FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City

MOSCOW (Reuters) – 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 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.

(Reporting by Alexander Marrow; editing by Guy Faulconbridge)

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