11:42 AM EDT, 08/12/2024 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) will deactivate Russia-based AdSense accounts this month due to its inability to make payments amid ongoing developments in the country, Reuters reported Monday, citing a Google ( GOOG ) spokesperson.

The spokesperson was quoted as saying that the company would not be able to make payments to AdSense accounts based in Russia "that have been able to continue monetizing traffic outside of Russia."

Google ( GOOG ) did not say what developments led to the decision, Reuters said.

Payments for July earnings will be reportedly processed between Aug. 21 and Aug. 26 for affected accounts.

Google ( GOOG ) did not immediately respond to MT Newswires' request for comment.

Alphabet shares were down 0.8% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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