Google Russia Pays Over Two Hundred Million Dollars Toward Parent Company Fines
(MENAFN) Google’s Russian subsidiary has paid nearly 16.8 billion rubles, equivalent to approximately $207.7 million, toward fines imposed in Russia on its US-based parent company, Google LLC, according to information presented by the subsidiary’s bankruptcy administrator at a court hearing.
Valery Talyarovsky, the insolvency administrator overseeing the Russian entity OOO Google, said more than 16.7 billion rubles, worth around $206.5 million, had been deposited into the company’s bank account by Sept. 20.
Of that sum, Russia’s Federal Bailiffs Service transferred approximately 14.7 billion rubles, or $181.7 million, to settle penalties imposed on the US corporation.
The bailiffs also recovered more than 2.1 billion rubles, equivalent to about $26 million, from parties that owed money to the Russian subsidiary under enforcement orders in its favor. Those proceeds were also directed toward paying the parent company’s fines, bringing the total amount paid to nearly 16.8 billion rubles.
Talyarovsky said that more than 18.8 billion rubles, worth approximately $232.5 million, had entered OOO Google’s bankruptcy estate since the insolvency proceedings began.
The remaining funds were allocated to outstanding obligations, including current claims from Russia’s Federal Tax Service and unpaid wages owed to former employees. More than 400 million rubles, or around $5 million, was used to settle wage arrears, he added.
Despite these payments, Google’s outstanding liability for administrative fines in Russia has reportedly reached an extraordinary figure of two undecillion rubles and continues to increase because of late payment penalties.
The amount is vastly greater than the size of the global economy, which the World Bank estimated at approximately $106 trillion in 2023.
The dispute dates back to 2020, when Google began accumulating daily penalties of 100,000 rubles, equivalent to roughly $1,000 at the time, after losing court cases concerning its decision to block certain Russian YouTube channels. The penalties doubled each week under the ruling.
Following the start of the Russia-Ukraine conflict in 2022, YouTube blocked additional Russian channels, expanding the number of claimants involved in the legal dispute to 17.
Google has also faced recurring fines in Russia over allegations that it failed to comply with the country’s legislation, adding to the company’s continuing legal and financial disputes with Russian authorities.
Valery Talyarovsky, the insolvency administrator overseeing the Russian entity OOO Google, said more than 16.7 billion rubles, worth around $206.5 million, had been deposited into the company’s bank account by Sept. 20.
Of that sum, Russia’s Federal Bailiffs Service transferred approximately 14.7 billion rubles, or $181.7 million, to settle penalties imposed on the US corporation.
The bailiffs also recovered more than 2.1 billion rubles, equivalent to about $26 million, from parties that owed money to the Russian subsidiary under enforcement orders in its favor. Those proceeds were also directed toward paying the parent company’s fines, bringing the total amount paid to nearly 16.8 billion rubles.
Talyarovsky said that more than 18.8 billion rubles, worth approximately $232.5 million, had entered OOO Google’s bankruptcy estate since the insolvency proceedings began.
The remaining funds were allocated to outstanding obligations, including current claims from Russia’s Federal Tax Service and unpaid wages owed to former employees. More than 400 million rubles, or around $5 million, was used to settle wage arrears, he added.
Despite these payments, Google’s outstanding liability for administrative fines in Russia has reportedly reached an extraordinary figure of two undecillion rubles and continues to increase because of late payment penalties.
The amount is vastly greater than the size of the global economy, which the World Bank estimated at approximately $106 trillion in 2023.
The dispute dates back to 2020, when Google began accumulating daily penalties of 100,000 rubles, equivalent to roughly $1,000 at the time, after losing court cases concerning its decision to block certain Russian YouTube channels. The penalties doubled each week under the ruling.
Following the start of the Russia-Ukraine conflict in 2022, YouTube blocked additional Russian channels, expanding the number of claimants involved in the legal dispute to 17.
Google has also faced recurring fines in Russia over allegations that it failed to comply with the country’s legislation, adding to the company’s continuing legal and financial disputes with Russian authorities.
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