Russia Fines Google 2 Undecillion Rubles for Refusing to Restore State Media

Google, a subsidiary of Alphabet (Nasdaq: GOOGL), has accumulated fines totaling approximately 2 undecillion rubles ($2.5 decillion) in Russia for refusing to restore pro-Kremlin and state-run media accounts on YouTube, according to a recent report by RBC news

The astronomical sum of 2 undecillion rubles (an undecillion being a number equal to 1 followed by 36 zeros), stems from daily penalties that began at 100,000 rubles in 2020 and have doubled weekly.

The fines come from successful lawsuits by pro-government outlets Tsargrad and RIA FAN after their YouTube channels were blocked. Currently, 17 Russian TV channels have filed legal claims against Google, including state-run Channel One, military-affiliated Zvezda broadcaster, and representatives of RT editor-in-chief Margarita Simonyan.

This development comes amid growing concerns about Russians’ access to YouTube, which has been the last major Western social platform freely available in the country. Recent reports indicate that Russian users are experiencing significant service degradation, with videos failing to load and high-resolution content becoming unavailable across most desktop browsers.

YouTube’s significance in Russia cannot be overstated, with approximately 95 million Russians—roughly 80% of the population—using the platform monthly, according to a September report from The Washington Post. The platform ranks as the fourth most visited online destination in the country, following Google, Yandex, and WhatsApp. 

Google’s Russian subsidiary filed for bankruptcy in 2022 and was officially declared bankrupt last fall, following the company’s decision to halt advertising in Russia to comply with Western sanctions over the Ukraine war. While Google has largely withdrawn from Russia, it maintained basic YouTube and Gmail services, though without advertising and monetization features.

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

The fine, which vastly exceeds Google parent company Alphabet’s 2023 revenue of $307 billion, is unlikely to be paid.


Information for this story was found via 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 the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

CBS News Cuts Staff and Shuts Radio Network in Early Bari Weiss Era

Related News

Russia Asks Kazakhstan to Prepare 100,000 Tons of Gasoline Amid Refinery Woes

Moscow has requested that Kazakhstan stand ready to provide up to 100,000 tons of gasoline...

Wednesday, April 10, 2024, 02:49:00 PM

Will A Wheat Shortage Cause A Humanitarian Food Crisis?

A food crisis looms on the horizon as Russia continues its invasion of Ukraine. The...

Friday, March 18, 2022, 04:23:00 PM

Russia Fails to Make Interest Payment on Dollar Bonds

Holders of Russian dollar-denominated bonds that had coupon payments due Wednesday have yet to receive...

Thursday, March 17, 2022, 11:50:00 AM

New Google Street View-Like Project Shows How the War Has Destroyed Ukraine

A collective of Ukrainian organizations marked the anniversary of Russia’s invasion of Ukraine through a...

Monday, March 27, 2023, 05:21:00 PM

Google Says New Quantum Chip Slashes Computing Time from Eons to Minutes

Google (Nasdaq: GOOGL) has unveiled Willow, a quantum processor that slashes computing time for certain...

Tuesday, December 10, 2024, 02:13:00 PM