Russia fines Google more money than there is in entire world
A Russian court has fined Google two undecillion roubles – a two followed by 36 zeroes – for restricting Russian state media channels on YouTube. In dollar terms that means the firm has been told to pay US$ 20,000,000,000,000,000,000,000,000,000,000,000 Despite being one of the world’s wealthiest companies, that is considerably more than the US$2 trillion … The post Russia fines Google more money than there is in entire world appeared first on Asaase Radio.
A Russian court has fined Google two undecillion roubles – a two followed by 36 zeroes – for restricting Russian state media channels on YouTube.
In dollar terms that means the firm has been told to pay US$ 20,000,000,000,000,000,000,000,000,000,000,000
Despite being one of the world’s wealthiest companies, that is considerably more than the US$2 trillion Google is worth.
In fact, it is far greater than the world’s total GDP, which is estimated by the International Monetary Fund to be US$110 trillion.
The fine has reached such a gargantuan level because – state news agency Tass says – it doubles every day it is not paid.
According to Tass, Kremlin spokesman Dmitry Peskov admitted he “cannot even pronounce this number” but urged “Google management to pay attention.”
The company has not commented publicly or responded to a BBC request for a statement.
A fine mess
Russia media outlet RBC reports the fine on Google relates to the restriction of content of 17 Russian media channels on YouTube.
While this started in 2020, it escalated after Russia’s full-scale invasion of Ukraine two years later.
That saw most Western companies pull out of Russia, with doing business there also tightly restricted by sanctions.
Russian media outlets were also banned in Europe – prompting retaliatory measures from Moscow.
This development is the latest escalation between Russia and the US tech giant.
In May, 2021, Russia’s media regulator Roskomnadzor accused Google of restricting YouTube access to Russian media outlets, including RT and Sputnik, and supporting “illegal protest activity”.
Then, in July, 2022, Russia fined Google 21.1billion rouble (£301m) for failing to restrict access to what it called “prohibited” material about the war in Ukraine and other content.
There is virtually no press freedom in Russia, with independent news outlets and freedom of expression severely curtailed.
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The post Russia fines Google more money than there is in entire world appeared first on Asaase Radio.
