Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    HYPE- Hyperliquid Surges by 11% on SpaceX Perp Catalyst

    June 16, 2026

    GCR Upgrades Wema Bank Plc’s Issuer Rating to A/A1

    June 16, 2026

    SSA Sovereigns Face Iran Shock from Stronger Starting Point -Fitch

    June 16, 2026
    Facebook X (Twitter) Instagram
    Trending
    • HYPE- Hyperliquid Surges by 11% on SpaceX Perp Catalyst
    • GCR Upgrades Wema Bank Plc’s Issuer Rating to A/A1
    • SSA Sovereigns Face Iran Shock from Stronger Starting Point -Fitch
    • Crude Oil Prices Ease on US-Iran Peace Dividend
    • CBN Mandates Banks, Fintechs to Host Payment Data Locally
    • Overnight Rate Climbs as Financial System Liquidity Declines
    • XRP Gains as Ripple RLUSD Stablecoin Lists on Gate.io
    • Bitcoin Rises on Morgan Stanley’s Sky-High Target Price
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, June 16
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Uncategorized » Google faces a fine of 20% of Russian revenue

    Google faces a fine of 20% of Russian revenue

    Marketforces AfricaBy Marketforces AfricaOctober 19, 2021Updated:February 10, 2026 Uncategorized No Comments2 Mins Read
    Google faces a fine of 20% of Russian revenue
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Google faces a fine of 20% of Russian revenue

    Russia said on Tuesday it would fine U.S. tech giant, Google, a percentage of its annual Russian turnover for repeatedly failing to delete content deemed illegal. This is Moscow’s strongest effort yet to rein in foreign tech firms.

    The communications regulator, Roskomnadzor, said Google had failed to pay 32.5 million roubles ($458,100) in penalties levied so far this year and that it would now seek a fine of between five and 20 per cent of Google’s Russian turnover.

    The turnover could reach as much as $240 million, a significant increase. Russia has ramped up pressure on foreign tech companies as it seeks to assert greater control over the internet in the country.

    The action is slowing down the speed of Twitter since March and routinely fining others for content violations.

    Opposition activists have accused Alphabet’s Google and Apple of caving to Kremlin pressure after they removed an anti-government tactical voting app from their stores.

    Roskomnadzor, earlier in October, said it would ask a court to impose a turnover fine on social media firm, Facebook, citing legislation signed by President Vladimir Putin in December 2020.

    “A similar case will be put together in October against Google,’’ Roskomnadzor said in emailed comments to Reuters on Tuesday, noting that the company also owned video-hosting site YouTube.

    The SPARK business database showed that Google’s turnover in Russia in 2020 was 85.5 billion roubles. A five to 20 per cent fine would amount to between 4.3 and 17.1 billion roubles.

    Google is currently fighting a court ruling demanding it unblocks the YouTube account of a Russian businessman or faces a compounding fine on its overall turnover that would double every week and force Google out of business within months if paid.# Google faces a fine of 20% of Russian revenue

    Read Also: Google Announces Initiatives to Boost Online Safety

    Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Nigeria’s Headline Inflation Rate Climbs to 15.93% in May

    NGX YTD Return Tops 57% as Investors Gain N1.38trn

    Investment, Enterprise Will Drive Nigeria’s $1trn Economy Target -VP

    Poverty Hits 63% in Nigeria, IMF Says

    Nigeria’s Total Capital Importation Rises 84% in 12 Months

    Economic Reforms Yet to Fully Impact Businesses, Says NECA

    Add A Comment

    Comments are closed.

    Editors Picks

    HYPE- Hyperliquid Surges by 11% on SpaceX Perp Catalyst

    June 16, 2026

    GCR Upgrades Wema Bank Plc’s Issuer Rating to A/A1

    June 16, 2026

    SSA Sovereigns Face Iran Shock from Stronger Starting Point -Fitch

    June 16, 2026

    Crude Oil Prices Ease on US-Iran Peace Dividend

    June 16, 2026

    CBN Mandates Banks, Fintechs to Host Payment Data Locally

    June 16, 2026
    Latest Posts

    Nigeria’s Headline Inflation Rate Climbs to 15.93% in May

    June 15, 2026

    NGX YTD Return Tops 57% as Investors Gain N1.38trn

    June 14, 2026

    Investment, Enterprise Will Drive Nigeria’s $1trn Economy Target -VP

    June 10, 2026

    Poverty Hits 63% in Nigeria, IMF Says

    June 9, 2026

    Nigeria’s Total Capital Importation Rises 84% in 12 Months

    June 5, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.