Business News of Friday, 1 November 2024
Source: BBC
A Russian court has imposed a staggering fine of two undecillion roubles (approximately $20 trillion) on Google for restricting 17 Russian state media channels on YouTube.
This penalty significantly exceeds Google's market value and the world's total GDP. The conflict between Russia and Google escalated after the invasion of Ukraine, with Google ceasing commercial services in Russia amid increasing sanctions.
Russian authorities have previously fined Google for failing to restrict access to content deemed illegal, highlighting ongoing tensions over press freedom and digital content regulation in Russia.