The technology giant shut down its local Russian division in 2022 following Russian President Vladimir Putin’s invasion of Ukraine, with its subsidiary declaring bankruptcy. However, many of its services, including its search engine and YouTube, have remained accessible to Russians.
The Telegraph revealed in August bailiffs acting for Moscow had seized more than US$100 million from the bankrupt entity to fund Putin’s war machine.
In court documents Google said Russia had handed the assets to sanctioned TV channels including Tsargrad, whose owner Malofeev has been described as the “Orthodox oligarch”, and state-owned RT.
In the filings, Google said: “The bailiffs seized more than US$100m of Google Russia’s assets, even though the amount purportedly due under the judgment at the time was less than US$12.5m (₽1 billion).”
“Tsargrad received ₽1 billion from the seizure, which it said it would use to support Russia’s war in Ukraine.”
The technology giant is also fighting efforts by Russian broadcasters to enforce the fines in foreign jurisdictions, including South Africa, Turkey and Serbia.
On Tuesday, Google reported a 15% increase in its revenues to US$88.3 billion for the three months ending in September, sending its shares up 5% in after-hours trading in New York.
Despite the astronomical sums being demanded of Google by Russia, the company said in its last earnings statement: “We do not believe these ongoing legal matters will have a material adverse effect.”