Google's Russian Assets Frozen in France

Googles former Russian business administrator freezes €110 million of Googles assets in France, marking a rare move by Russian authorities to use international legal channels against Western companies. The action comes amidst growing tensions over frozen Russian assets in Europe. The freeze is based on three Moscow arbitration court rulings, finding Google guilty of an illegal dividend payment in 2021. Google faces similar enforcement actions in Spain, Turkey, and South Africa. The temporary freeze requires lawyers to launch formal recognition proceedings within one month, with the Paris Judicial Court deciding whether to enforce the arbitration decisions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.