The Russian "daughter" of Google, LLC "Google", established in 2005, has been declared bankrupt. According to the information of IA "Interfax", this decision was made on October 18 by the Arbitration Court of the city of Moscow.

 For the next six months, the company will be under bankruptcy proceedings, the bankruptcy manager appointed is the former interim manager Valery Talyarovsky.

A representative of Talyarovsky informed the court that there are claims from 861 creditors to "Google" for a total amount of about 53.6 billion rubles. Among the creditors were not only the company's employees, but also commercial organizations and the tax authority.

The company filed for bankruptcy in the summer of 2022, later the Moscow Arbitration Court found the claim to be justified and instituted a supervision procedure against it.

At that time, as reported by the company representatives in court, the amount of creditors' claims exceeded 19 billion rubles, and the company's assets were only around 3.5 billion rubles.

As specified then in the court document, the debtor's debt of the company was 27 billion 25 million rubles against 18.7 billion rubles of the debtor's total cash obligation to creditors. LLC "Google" also owed salaries and weekend benefits to employees in the amount of 271.2 million rubles, and accumulated debts on mandatory payments of 85.7 million rubles.

However, according to data from the judicial decision, the company had only 636 thousand rubles on its Citybank account at that time. Its main assets were estimated at 28.5 million rubles, intangible assets at 14 million rubles, commodities and materials at 15.2 million rubles, and "other assets" at the total amount of 3.8 billion rubles.

It's worth mentioning that a part of the funds in the form of over 29 billion rubles was lost by Google's "daughter" due to repeated violations of Russian law since the end of 2021.