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Market Chatter: Google Loses Appeal of $49.4 Million Russia Fine
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Market Chatter: Google Loses Appeal of $49.4 Million Russia Fine
Apr 10, 2024 5:00 AM

07:37 AM EDT, 04/10/2024 (MT Newswires) -- Alphabet's (GOOGL) Google ( GOOG ) was ordered Wednesday to pay a 4.6 billion ruble ($49.4 million) fine for publishing pro-Ukrainian content by a Russian court after losing an appeal, Reuters reported.

Moscow's City Court left a district court decision unchanged, Reuters reported, citing courts' press service Telegram channel.

Russian media platforms had said the fine was imposed for Google's ( GOOG ) purported failure to review what Moscow describes as extremist and LGBT-friendly content.

Google ( GOOG ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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