financetom
Business
financetom
/
Business
/
Russian fines Google $78 million for ignoring previous penalties
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian fines Google $78 million for ignoring previous penalties
Jan 14, 2025 4:56 AM

MOSCOW (Reuters) -A Russian court fined Alphabet's Google 8 billion roubles ($77.9 million) on Tuesday for not complying with previous penalty orders, the Moscow courts press service said on Telegram.

Russia has for several years ordered foreign technology platforms to remove content it deems illegal, issuing small but persistent fines when it sees failures to comply. Tuesday's fine marked a significant increase on fines of around 4 million roubles that are usually levied.

Google did not immediately respond to an emailed request for comment.

The Chertanovo District Court in Moscow said Tuesday's fine had been issued for Google's failure to comply with an administrative punishment. It did not specify which administrative offence the fine was in relation too.

YouTube has drawn particular ire for hosting content Moscow objects to. The video platform used to attract around 50 million daily users in Russia, but those numbers have dropped to around 12 million, according to Google data.

Critics accuse the Russian authorities of deliberately disrupting YouTube's download speeds to prevent Russians from viewing content there that is opposed to President Vladimir Putin and his government.

Russia denies that, saying the issues are caused by Google's failure to upgrade equipment - a charge disputed by the company and technology experts.

Putin in December accused Google of being a tool used by the U.S. government to score political points.

($1 = 102.7000 roubles)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Starwood Property Trust Prices $500 Million Private Notes Offering
Starwood Property Trust Prices $500 Million Private Notes Offering
Dec 18, 2024
04:26 AM EST, 12/18/2024 (MT Newswires) -- Starwood Property Trust ( STWD ) said late Tuesday it priced a private offering of $500 million of its 6.5% unsecured senior notes due 2030 at 100% of the principal amount. The offering was upsized from $400 million and is expected to settle on Dec. 27. The company said it plans to use...
Dutch watchdog fines Netflix for not properly informing customers about data use
Dutch watchdog fines Netflix for not properly informing customers about data use
Dec 18, 2024
Dec 18 (Reuters) - The Dutch Data Protection Authority (DPA) said on Wednesday it fined Netflix ( NFLX ) 4.75 million euros ($4.98 million) for not properly informing customers about its use of their personal data between 2018 and 2020. The investigation, which started in 2019, showed that Netflix ( NFLX ) did not inform customers clearly enough in its...
Affirm Prices Upsized $800 Million Offering of 2029 Convertible Notes
Affirm Prices Upsized $800 Million Offering of 2029 Convertible Notes
Dec 18, 2024
04:28 AM EST, 12/18/2024 (MT Newswires) -- Affirm (AFRM) said late Tuesday it priced the private offering of $800 million of its 0.75% convertible senior notes due 2029, up from the initial size of $750 million. The initial conversion rate of the notes will be 9.8992 class A common shares per $1,000 in principal amount of notes, which is equivalent...
Broadridge Financial Solutions Partners With Crypto Carbon Ratings Institute to Support EU Compliance
Broadridge Financial Solutions Partners With Crypto Carbon Ratings Institute to Support EU Compliance
Dec 18, 2024
04:38 AM EST, 12/18/2024 (MT Newswires) -- Broadridge Financial Solutions ( BR ) said Wednesday it has teamed up with the Crypto Carbon Ratings Institute to launch an integrated platform designed to help European companies meet new sustainability reporting requirements under the European Union's Markets in Crypto-Assets regulations. The company said the collaboration combines Crypto Carbon Ratings Institute's sustainability data...
Copyright 2023-2026 - www.financetom.com All Rights Reserved