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Moscow court arrests Google’s Russian assets

  • May 20, 2022
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The Moscow Arbitration Court has detained another 500 million rubles of assets of the Russian office of Google. This is not the first arrest of this kind. what

The Moscow Arbitration Court has detained another 500 million rubles of assets of the Russian office of Google. This is not the first arrest of this kind.

what is known

  • According to sources, the court made a decision such as “injunctive relief” in the case of RT’s founder ANO “TV Haber”.
  • This also applies to funds that will be transferred to the accounts of the American IT company in the future.
  • The company demands that Google restore access to blocked YouTube channels and impose fines on those who do not comply with the court order.
  • A similar lawsuit was previously filed by a division of Gazprom Media Holding, during which arbitration also confiscated Google’s assets worth 500 million rubles.

A few days ago, Google announced the initiation of bankruptcy proceedings for the Russian branch, announcing its inability to maintain the functioning of the office in the face of large fines (in December 2021, the company issued a revolving fine of more than 7.2 billion rubles. If the ban on Russian content is not lifted) and financial activities in the country (Google has banned Russians from making any payments in their apps, including buying paid programs, paying for subscriptions, ordering ads, monetizing content on YouTube, and other things that inevitably lead to falling profits from Russia).

According to the American newspaper The Wall Street Journal, most of the Russian Google employees have already left Russia for Dubai, where the company has a large office. At the same time, the rest of the workers decided to resign and stay in Russia.

Source: 24 Tv

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