The Russian subsidiary of Alphabet Google plans to file for bankruptcy, saying it had become impossible for the company to pay employees and suppliers.

Google LLC submitted a notice of intent to declare itself bankrupt, according to a message published Wednesday on Russia’s Fedresurs registry. A Google spokesperson separately said an earlier move by authorities to seize its bank account made continuing operations in the country impossible.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published.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

You May Also Like

Chris Brown accused of hitting woman in Los Angeles, police say

Grammy-winning singer Chris Brown was accused of hitting a woman during an…

Milwaukee elects first Black mayor, Cavalier Johnson

MILWAUKEE — Cavalier Johnson became the first African American elected mayor of…

Biden weighs how the response to Iran could affect Israel-Hamas negotiations — and his own political fate

WASHINGTON — Meeting privately with national security aides this week, President Joe…

Covid D-Day: Vaccine campaign launches with first shipments to millions

The first federally approved coronavirus vaccine was set to arrive at 145…