Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Google faces massive fines in Russia over YouTube dispute

Google faces massive fines in Russia over YouTube dispute

GrafaGrafa2024/11/01 06:37
By:Mahathir Bayena

Google’s penalty in Russia has surged to over two undecillion rubles, a 36-digit amount that doubles weekly as the tech company remains at odds with Russian authorities.

The fine originated from Google’s refusal to restore Russian state TV channels on YouTube, as mandated by a Russian court under Article 13.41 of the Administrative Offenses Code.

“Google was called by a Russian court to administrative liability… for removing channels on the YouTube platform,” stated attorney Ivan Morozov, who highlighted the mounting nature of the fines.

The staggering debt, now exceeding $20,000,000,000,000,000,000,000,000,000,000,000 in U.S. dollar terms, continues to grow as the company declines to comply.

Roman Yankovsky, an expert from Moscow’s HSE Institute, noted the fine’s rapid expansion could soon surpass the total market value of Alphabet, Google’s parent company.

“The claim’s size will soon exceed the value of Google, since it doubles every week,” he commented, adding that within a year, the amount could potentially reach a “googol,” a 1 followed by one hundred zeros.

Yankovsky suggested that Google’s ability to pay the claim is implausible, and with the company’s Russian assets either seized or moved, recovery of the sum seems unlikely.

However, Yankovsky warned that service restrictions, including slower access to Google services or potential blockages, may ensue if the company does not meet the court’s demands.

The Kremlin spokesperson Dmitry Peskov called the fine “full of symbolism” and urged Google to “remedy the situation” by restoring the channels, stating that doing so would be “the best thing the company can do.”

The fine’s exponential rise and potential service blocks add another layer of tension to Google’s ongoing legal battle in Russia, complicating its presence in the region.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like