Google's Russian unit will file for bankruptcy after authorities seized its bank account, reports say

According to media reports, the Russian unit of the tech firm will file for bankruptcy after authorities seized their bank account.

The company told the Financial Times that it was unable to pay its employees, suppliers and vendors in Russia as a result of the seizure, and had published a notice of its intention to file for bankruptcy.

Relations between the Russian authorities and the company deteriorated after the company refused to remove content related to the conflict. In April, the local unit of the internet giant was fined 11 million roubles for not removing videos from their website.

The seizure of the bank account by the Russian authorities made it impossible for the Russia office to function, including employing and paying Russia-based employees, paying suppliers and vendors, and meeting other financial obligations.

Insider asked for comment from the company, but they did not reply immediately.

According to the Federal Bailiffs Service database, there have been two seizures linked to the internet. The service confirmed to the newswire that it had taken property from the company.

Russia's official registry, Fedresurs, said that Google had foreseen filing for bankruptcy as early as March 22, due to the impossibility of fulfilling monetary obligations.

Many of its employees were moved out of Russia after the start of the invasion, according to a report. It had stopped selling advertising in Russia, including search and YouTube ads, and banned Russian state-sponsored media from Europe.