Articles with tag Russia

According to reports from Russia's TASS and the British Daily Telegraph on October 30, the Russian government's fine on Google has reached about 20000000000000000000000000000000000000000 (IT Home Note: 35 digits) US dollars, which is far more than the annual global GDP (about 110 trillion US dollars in 2023, a 15-digit number).

According to reports, Google lost the case in 2020 because its video platform YouTube blocked multiple Russian media accounts. Since then, Google has been fined 100,000 rubles (IT Home Note: currently about 7,350 yuan) per day.

Legal professionals told TASS that if the fine is not paid within 9 months, the fine will double every day with no upper limit. Only by complying with the court's decision can Google return to the Russian market. This figure far exceeds Google's own market value.

The Daily Telegraph said that after the outbreak of the Russian-Ukrainian conflict in 2022, Google closed its Russian division and its subsidiary declared bankruptcy. Russian police had previously seized more than $100 million in assets from bankrupt entities. Despite Russia's astronomical claims against Google, the company said in its last financial report that "we do not believe that these ongoing legal matters will have a substantial adverse impact." TASS quoted experts as saying that Google "obviously will not pay the fine, and the Russian Federation will not be able to recover the money from the company," and all of Google's properties in Russia have been reclaimed or seized. The media said that any claims made by the Russian government are only valid domestically.