Bailiffs withdrew all funds from the accounts of the Russian “daughter” of Google
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The Federal Bailiff Service (FSSP) in the Russian Federation in April 2023 withdrew all funds from the accounts of the Russian subsidiary of Google. The amount was transferred to the service’s escrow account due to litigation, according to report LLC “Google” for 2022.
According to the report, the balance of cash and cash equivalents as at 31 December 2022 was RUB 375.5 million. against 3.09 billion rubles. at the end of 2021. The balance of funds at the end of 2022 was seized. According to Interfaxall funds were transferred to the deposit account of the service as an interim measure for litigation.
On May 18, 2023, Google LLC filed a lawsuit against the FSSP with the Moscow Arbitration Court, which challenges the actions of bailiffs to seize the company’s property in connection with the decision of the Russian court.
Since the end of 2021, turnover fines totaling RUB 29 billion have been imposed on Google twice. due to repeated violations of Russian law. Also, millions of fines were imposed on the company for not removing prohibited information on its resources, including YouTube.
Russian “daughter” of Google filed filed for bankruptcy on June 16, 2022. In September 2022, the court suspended company bankruptcy proceedings. Last time the company fined May 11, 2023 for 3 million rubles. for not removing videos with LGBT propaganda and discrediting the army. According to the head of the Federal Bailiff Service Dmitry Aristov, “Google is the biggest debtor, which owes about 30 billion rubles, but we have collected a significant part of these funds.”
LLC “Google” was registered in 2005 and specializes in advertising and marketing Internet services. The beneficiary of the company is the Internet holding Alphabet Inc., through Google International LLC.
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