PARIS/MOSCOW, Dec 12 (Reuters) - The administrator of
Google's defunct Russian business has obtained a
temporary freeze on some 110 million euros ($129 million) of the
Alphabet-owned company's assets in France, official orders seen
by Reuters show.
The move represents a rare attempt by Russian authorities to
use legal channels to target assets of western companies
overseas, amid rising tensions over the potential use of seized
Russian assets in Europe.
Russia's central bank is separately suing Brussels-based
financial institution Euroclear, which holds many of the frozen
Russian assets, in a Moscow court.
The measure against Google France involves shares belonging
to Google International and was sought by Google Russia, acting
through its court-appointed judicial administrator.
The French bailiff declined to comment. Google, Google
Russia's administrator and the French government did not respond
to repeated Reuters requests for comment.
The French bailiff's orders show its action is based on
three rulings issued between 2024 and 2025 by Moscow arbitration
courts, which are regulated by international commercial law.
William Julie, the lawyer representing the liquidator at
French law firm WJ Avocats, said that a Russian tribunal had
found Google guilty of an illegal dividend payment in 2021 worth
around 10 billion roubles ($126 million).
Julie said the Russian liquidator was also pursuing
enforcement in Spain, Turkey and South Africa.
Google, whose parent Alphabet has a stock market value of
some $3.8 trillion, has faced multiple fines from Moscow, while
Google Russia filed for bankruptcy in 2022 when authorities
seized its bank account, months after Russia invaded Ukraine.
GOOGLE CAN CHALLENGE TEMPORARY FREEZE
The French bailiff's order creates a temporary freeze and
French law requires lawyers to launch formal recognition
proceedings within one month or the freeze expires.
Julie said those documents would be filed with the court in
the coming days and Google France also notified.
The Paris Judicial Court will then examine whether to grant
a formal recognition and enforcement authorisation of the
foreign arbitration decisions, Julie said, a process that could
take up to a year-and-a-half.
Google can challenge the temporary freeze with the
enforcement judge. If a recognition and enforcement
authorisation is granted, the frozen funds could be seized to
satisfy the arbitration court judgements, Julie added.
(1 euro = 93.0263 roubles)
($1 = 79.2455 roubles)
($1 = 0.8524 euros)