Google Fined More Than World's GDP by Russian Court
The Fine
A Russian court has fined Google a sum greater than the world's GDP. The fine, which amounts to 7.2 billion rubles (approximately $98 million), is the largest ever imposed on a foreign company in Russia.
The fine was imposed by the Moscow Arbitration Court after Google was found guilty of failing to remove content that the Russian government deemed to be illegal.
The Implications
The fine is a major blow to Google, which has been facing increasing pressure from the Russian government in recent years.
The fine is also likely to have a chilling effect on other foreign companies operating in Russia.
It is unclear how Google will respond to the fine. The company has not yet commented on the matter.
Background
Google has been operating in Russia since 2004. In recent years, the company has faced increasing pressure from the Russian government.
In 2014, the Russian government passed a law requiring foreign companies to store data on Russian servers.
In 2016, the Russian government fined Google $6.5 million for failing to comply with the data storage law.
The Future
It is unclear what the future holds for Google in Russia.
The company may be forced to withdraw from the country if it is unable to comply with the government's demands.
The fine is a sign of the increasing tension between Russia and the West.