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 While Google has largely withdrawn from Russia, it maintained basic YouTube and Gmail services, though without advertising and monetization features.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

Antimony Resources: The Bald Hill Project

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

Uranium Supply Crisis: Miners Won’t Meet What’s Coming | Dev Randhawa – F3 Uranium

Recommended

Discovery Silver in Advanced Talks to Acquire Barrick’s Last Canadian Gold Mine

Emerita Reports Aznalcollar Public Tender Trial Hearings Have Concluded, Verdict Expected This Fall

Related News

Russia Commences Tactical Nuclear Weapons Drills Near Ukraine

Russia has announced the initiation of tactical nuclear weapons drills near Ukraine, a move it...

Wednesday, May 22, 2024, 11:00:39 AM

German Media Giant Axel Springer Hires Russian TV Protester

Marina Ovsyannikova, the Russian TV editor who staged a protest during a live news program...

Tuesday, April 12, 2022, 12:43:00 PM

Seymour Hersh: Washington is Attempting to ‘Cover Up’ Involvement in Nord Stream Explosion

Pulitzer Prize-winning journalist Seymour Hersh alleges that Washington is deliberately covering up its role in...

Thursday, March 23, 2023, 02:45:00 PM

Russian Oligarchs Are Offering To Pay To Get Sanctions Lifted

It’s been more than six months since Russia’s invaded Ukraine, and the elite are running...

Thursday, September 8, 2022, 02:59:00 PM

Pentagon Overestimates Value of Weapons Sent to Ukraine by $3 Billion

The Pentagon has overestimated the value of the weapons it has sent to Ukraine by...

Sunday, May 21, 2023, 07:17:00 AM