Google Terminates AdSense Accounts in Russia, Citing ‘Ongoing Developments’

Google (Nasdaq: GOOG) announced last week that it will deactivate all Russia-based AdSense accounts. This decision, which the tech giant attributes to “ongoing developments in Russia,” in effect ends the ability of Russian creators to monetize their content through Google’s advertising platforms.

Scheduled for August 2024, the shutdown is the latest escalation in Google’s response to Russia’s war in Ukraine. Since February 2022, Google has implemented various restrictions on Russian-based advertising, including pausing monetization of state-funded media, temporarily halting all ads in the country, and blocking the creation of new Russia-based AdSense accounts, and blocking over 1,000 YouTube channels and 5.5 million videos.

This move is expected to impact Russian content creators, particularly YouTubers. Russia ranks second globally in YouTube web traffic, suggesting that many Russia-based creators may lose significant revenue streams. The final payouts for affected accounts are scheduled between August 21 and 26, 2024, provided there are no payment holds and minimum thresholds are met.

While Google has not provided specific reasons for this decision, Ars Technica notes that it may be influenced by recent Russian legislation. In March, Russia passed a law banning advertising on online platforms published by “foreign agents,” which could include anti-Kremlin politicians, activists, and media outlets.

Related: Venezuela, Russia Block Encrypted Messaging App Signal

Some speculate that the shutdown might be related to users bypassing payment blocks imposed by Western sanctions on Russian banks. Google, however, has not confirmed this.


Information for this story was found via Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Copper Is Heading To $30 And Silver To $200 | Craig Parry

Mako Mining Q3 Earnings: The Transitional Quarter

B2Gold Q3 Earnings: Goose Troubles Cloud The Narrative

Recommended

Emerita Resources Awards Contract For Pre-Feasibility Study On Iberian Belt West Project

Selkirk Copper Appoints Two Members Of Selkirk First Nation To Leadership Team

Related News

Russia Bans Major Media Sites Including Facebook, Twitter

Russia’s media regulator Roskomnadzor cut access to various independent media sites on Thursday, in a...

Friday, March 4, 2022, 03:12:07 PM

US Sanctions Drives Insane Spreads In Ruble / Dollar Transactions

New US sanctions targeting Russia’s financial system have forced the Moscow Exchange (MOEX) to suspend...

Thursday, June 13, 2024, 07:58:21 AM

If The Sanctions Aren’t Working, Why Is Russia Making A 10% Budget Cut?

Russia’s finance minister just announced a 10% budget cut across the board after the government...

Friday, September 16, 2022, 09:29:43 AM

Not-so-Funny April Fools: Putin Threatens to Cut Europe’s Gas Supply by Friday

Russian President Vladimir Putin signed a decree on Thursday demanding “hostile” importers of natural gas...

Friday, April 1, 2022, 10:01:00 AM

Bank for International Settlements Suspends Russia’s Membership

The Bank for International Settlements (BIS) axed Russia’s membership, marking a major retaliatory move among...

Friday, March 11, 2022, 02:48:00 PM