The Russian subsidiary of Google has filed a claim for its own bankruptcy in arbitration court, and the head of the Ministry of Economic Development warned of the risk of “sliding” into a deflationary spiral – these and other important news for Friday morning, June 17, in our daily review.

Google LLC, a Russian subsidiary of the American IT corporation Google, has filed a lawsuit for its own bankruptcy in the Moscow Arbitration Court, according to the arbitration case file. On May 18, it became known that Google LLC started bankruptcy proceedings. The seizure of the bank account “Google Russia” made it impossible to operate the office in Russia, including the retention of employees and payment of labor in Russia, payment of suppliers and contractors, fulfillment of other financial obligations.

The Ministry of Economic Development categorically disagrees with the way the Bank of Russia assesses the risk of deflation, said the head of the agency Maxim Reshetnikov at the St. Petersburg International Economic Forum. About it writes Forbes. The Minister warned of the risk of “sliding” into a deflationary spiral. “We have deflation for the fifth week in a row, colleagues, and we should not measure inflation year-on-year. Let’s take monthly data, May inflation converted to annualized rates – 1.6% inflation rate,” he said during a Sberbank business breakfast.

Ilon Musk, SpaceX and Tesla will become defendants in a case about the creation of the “Dogecoin financial pyramid scheme”. The lawsuit was filed in the court of the Southern District of New York by Keith Johnson, who has been trading the alternative cryptocurrency since 2019. He believes that the defendants deceived him and other investors, representing altcoin as a legitimate investment, and requires them to compensate for damages in the amount of $258 billion, Bloomberg reports with reference to the court materials.

The Ministry of Finance may return to the placement of federal loan bonds (OFZ) before the end of the year. Such a possibility is not excluded in the Ministry, its head Anton Siluanov said on the sidelines of the St. Petersburg International Economic Forum. He added that the resumption of government debt placements on the domestic market should be determined by the end of the budget policy, “Vedomosti” reports.

Italian energy company Enel reported that it has signed agreements with Gazprombank-Fresia fund and Lukoil to sell 56.43% of Enel Russia shares. The deal is worth €137 million and could be closed by the end of September, the company said. The final price of the deal may be lower, according to experts interviewed by the Kommersant newspaper.