Saturday, 14 Jun 2025
  • Contact
  • About Us
New York Interest
  • Local News
  • Business
  • Sports
  • Tech
  • Music
Font ResizerAa
New York InterestNew York Interest
  • Local News
  • Business
  • Sports
  • Tech
  • Music
Search
  • Local News
  • Business
  • Sports
  • Tech
  • Music
Have an existing account? Sign In
Follow US
Copyright © 2024 NewYork Interest. All Rights Reserved.
New York Interest > Blog > Tech > Russia seizes $100M from Google to fund war propaganda: report
Tech

Russia seizes $100M from Google to fund war propaganda: report

NewYork Interest Team
Last updated: August 26, 2024 4:04 pm
NewYork Interest Team
Share
Russia seizes 0M from Google to fund war propaganda: report
SHARE



Russia seized more than $100 million from Google and used the money to fund its propaganda campaign in support of President Vladimir Putin’s ongoing war in Ukraine, according to a report.

Court documents obtained by the British newspaper Telegraph show that Google’s bank accounts in Russia were emptied out shortly after the invasion two years ago, leading to the bankruptcy of the tech giant’s Russian division.

The confiscated cash was transferred to state-owned Russian channels including RT and Tsargrad, a network that pledged to use the money to back the war effort.

Russian President Vladimir Putin’s government has reportedly seized $100 million from Google. via REUTERS

Last week, Google filed suit against RT, Tsargrad and another Russia-based broadcaster, NFPT, in both US and UK courts.

Russian courts ordered Google to pay the three television channels large sums as compensation for the company’s decision to remove them from YouTube and deleting their Google accounts to comply with sanctions against Moscow.

In court filings from last week, Google said that Russia “levied unprecedented fines and arbitrary legal penalties against Google in an attempt to limit access to information on our services and as a punishment for our compliance with international sanctions against Russian individuals and organizations”.

“The bailiffs seized more than $100 (million) of Google Russia’s assets, even though the amount purportedly due under the judgment at the time was less than $12.5 (million),” Google said in one of the court filings.

“Tsargrad received one billion rubles from the seizure, which it said it would use to support Russia’s war in Ukraine.”

Google wants courts to prevent the three Russian broadcast entities from pursuing its assets in South Africa, Turkey and Serbia.

Google’s Russia-based operations filed for bankruptcy shortly after the invasion of Ukraine. AFP via Getty Images

Tsargrad has sued Google in Turkey — claiming that the US-based tech giant owes it $360 million.

Russian court rulings doubled the penalty every 24 hours — meaning the sum could exceed Google’s market capitalization.

As of Monday, Google’s parent company had a market capitalization of $2.05 trillion — making it the fourth most valuable company in the world behind Apple, Nvidia and Microsoft.

The money is being used to support propaganda efforts backing the Russian war effort in Ukraine. AFP via Getty Images

The Post has sought comment from Google and the Russian government.

Share This Article
Facebook Twitter LinkedIn Email Copy Link Print
Previous Article France’s Macron says no political motive behind arrest of Telegram CEO Pavel Durov France’s Macron says no political motive behind arrest of Telegram CEO Pavel Durov
Next Article Dow hits record high before falling back to Earth Dow hits record high before falling back to Earth

Your Trusted Source for Accurate and Timely Updates!

Our commitment to delivering trending news consistently has earned us the trust of a vast audience! Stay ahead with real-time updates on the latest events & trends by following us on social media.
FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
LinkedInFollow

Popular Posts

West Virginia Gov. Jim Justice’s Greenbrier hotel avoids foreclosure

The family of West Virginia Gov. Jim Justice has reached an agreement with a credit…

By NewYork Interest Team

US Central Command allegedly ran menacing ad campaign on Tinder in Lebanon

The US Central Command allegedly ran an ad campaign in Lebanon on the dating app…

By NewYork Interest Team

NYU Langone launches ‘Care on Demand’ at new walk-in clinics

There’s a new doctor in the house for those needing immediate care —  and CityMD…

By NewYork Interest Team

You Might Also Like

The Steve Jobs and Mark Zuckerbergs of Tomorrow — New York Magazine
Tech

The Steve Jobs and Mark Zuckerbergs of Tomorrow — New York Magazine

By NewYork Interest Team
The Steve Jobs and Mark Zuckerbergs of Tomorrow — New York Magazine
Tech

Meet the Tech-World Hopefuls at the Draper University of Heroes — New York Magazine

By NewYork Interest Team
The Steve Jobs and Mark Zuckerbergs of Tomorrow — New York Magazine
Tech

Ken and Ben Lerer Fund 185 Tech Companies—and Counting — New York Magazine

By NewYork Interest Team
The Steve Jobs and Mark Zuckerbergs of Tomorrow — New York Magazine
Tech

Silicon Valley Vies for Larger Role in National Politics — New York Magazine

By NewYork Interest Team
New York Interest
Facebook Instagram Twitter Tiktok Youtube Linkedin

About US

New York Interest: Your go-to source for the latest news, events, and insights about New York. We are dedicated to providing in-depth coverage and captivating stories that highlight the essence of the city that never sleeps.

Categories
  • Local News
  • Business
  • Sports
  • Tech
  • Music
Useful Links
  • Contact
  • About Us
  • Privacy Policy
  • Terms & Conditions

Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Copyright © 2024 New York Interest. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?