Russia fines Google 20000000000000000000000000000000000 dollars
1min read According to CCTV News, on October 29, a Russian court fined Google about $35 billion for closing the accounts of Russian television channels on YouTube, a video platform owned by Google. The court ordered Google to restore the accounts of Russian national television channels, such as Channel One, NTV, and RTR, or face fines. The amount of the fine is far more than the global GDP (about $11 trillion in 2023, a 15-digit number) and also far more than Google's own market value.Google was fined $100,000 per day in 2020 for blocking several Russian media accounts on its video platform YouTube. Legal experts told TASS that if the fine is not paid within nine months, the amount will double every day without limit. Google can only return to the Russian market by complying with the court's decision.The Daily Telegraph reported that after the outbreak of the Russia-Ukraine conflict in 2022, Google closed its Russian division, and its subsidiary declared bankruptcy. The Russian police had already seized over $100 million in assets from the bankrupt entity. Despite the astronomical claims made by Russia against Google, the company said in its latest earnings report that "we do not believe that these ongoing legal matters will have a material adverse effect."TASS quoted experts as saying that Google "obviously will not pay the fine, and the Russian Federation will not be able to recover the money from the company," as all of Google's assets in Russia have been seized or confiscated.Google's current market value on the US stock market is $2.1 trillion.
