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Thursday, August 24, 2017

Google plans increased investment in Russia

Google announced on Dec. 12 that it plans to increase business investments in Russia in 2015, but it will be transferring engineering operations elsewhere.

According to a Bloomberg report, an anonymous source stated this was a result of souring relations between the West and Russia, particularly the U.S. The source also cited that Russia has pushed for self-sufficiency in all aspects of its sectors.

The source has also stated that the company had done similar moves in Sweden and Norway, among others. In an official statement, the company reaffirmed commitment to Russia.

“We are deeply committed to our Russian users and customers. We have a dedicated team in Russia working to support them,” representatives from Google said.

With the Ukrainian crisis, relations between the Russian Federation and Europe and the U.S. have weakened with sanctions put in place on the government and its businesses. These included visa bans and the freezing of assets.

In response the federation implemented a one-year ban on several types of food products, including meat, fruits, vegetables and dairy from Australia, the U.S., Europe and Canada.

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