Tag Archives: Russian

Placeholder while article actions load Google’s Moscow-based subsidiary plans to file for bankruptcy, a company spokesperson said Wednesday, because Russia’s seizure of its assets has made it impossible to run its business in the country. It has also moved most of its employees out of the country, the company confirmed. The tech giant submitted a notice of intention to declare itself bankrupt, according to Reuters, which cited a filing in Russia’s federal register. Services such as… Source link

May 18 (Reuters) – The Russian subsidiary of Alphabet Inc’s (GOOGL.O) Google has filed for insolvency, according to a message posted on Russia’s official registry Fedresurs on Wednesday. The subsidiary was “submitting a notice of the intention to declare itself insolvent (bankrupt)”, the note said. “Since March 22, 2022, it foresees its own bankruptcy and inability to fulfil its monetary obligations, demands to pay severance payments and (or) the remuneration of staff working or previously… Source link

WNBA star and two-time Olympic gold medalist Brittney Griner leaves a courtroom after a hearing, in Khimki just outside Moscow, Russia, Friday, May 13, 2022. Griner, a two-time Olympic gold medalist, was detained at the Moscow airport in February after vape cartridges containing oil derived from cannabis were allegedly found in her luggage, which could carry a maximum penalty of 10 years in prison. (AP Photo/Alexander Zemlianichenko) Brittney Griner appeared at a hearing in a Russian… Source link

On Thursday, President Joe Biden announced a proposal to get even more aggressive with the billions seized from Russian oligarchs who have close ties to Vladimir Putin. The White House released the outlines of what it calls a new comprehensive legislative package around Ukraine that includes provisions to “streamline the process for seizure of oligarch assets, expand the assets subject to seizure, and enable the proceeds to flow to Ukraine,” the White House said. The move on oligarchs and… Source link

Russia’s e-commerce platforms Ozon and Yandex Market, food supplements firm Pharmstandard, dental products distributor Simkodent, largest food retailer X5 Retail Group and confectionery major UNICONF are among several Russian companies that have reached out to India for business ties amid Moscow’s conflict with Kyiv. Due to the conflict and the sanctions on Russia, many European and American brands have stopped supplying their goods including consumer electronics, and apparel to that… Source link

The ruble may not be showing it, but Western economic sanctions imposed against Russia are working. In revealing testimony before the Duma parliament, the head of the Central Bank of Russia (CBR) told the country’s lawmakers she had to throw everything but the kitchen sink just to prevent a full-blown run on the banking system. “The sanctions imposed against Russia affected the situation in the financial sector, spurred the demand for foreign currencies, and caused fire sales of financial… Source link

On Monday, the Boston Marathon hosted 28,000 runners. Russians and Belarusians were not allowed to race. On Wednesday, the All England Club announced players from Russia and Belarus are banned from playing in this year’s Wimbledon. This includes men’s world No. 2 Daniil Medvedev of Russia and women’s world No. 4 Aryna Sabalenka of Belarus. These decisions are made under the guise of Russia’s invasion of Ukraine — that, in the words of the All England Club, “unjustified and… Source link

Vagit Alekperov, president of Russian oil company Lukoil.Sefa Karacan/Anadolu Agency/Getty Images Putin signed a new decree on April 16 that requires Russian companies to remove their listings from overseas exchanges. Now, billionaires won’t be able to collect foreign-currency dividends from depository receipt programs. The decree also means foreign holders of the canceled receipts must receive normal shares placed in non-resident accounts in Russia. In a blow to Russia’s richest business… Source link

Two of Russia’s largest search engines have removed results for Facebook, Instagram and several independent news websites after authorities blocked or declared them “extremist.” Meduza, Mediazona, Deutsche Welle, Current Time, Kholod, The Insider and other news outlets that have been providing independent coverage of Russia’s invasion of Ukraine were also removed from search results. Yandex and VK-owned Mail.ru said Monday they have stopped giving out the search results… Source link

Two of Russia’s largest search engines have removed results for Facebook, Instagram and several independent news websites after authorities blocked them or declared them “extremist” amid Moscow’s invasion of Ukraine. Meduza, Mediazona, Deutsche Welle, Current Time, Kholod, The Insider and other news outlets that have been providing independent coverage of the invasion have been removed from search results. Yandex and Mail.ru-owned VKontakte said Monday they stopped… Source link