Current:Home > InvestRussian court orders Google to pay $20 decillion for blocking media on YouTube: Reports -TradeCircle
Russian court orders Google to pay $20 decillion for blocking media on YouTube: Reports
View
Date:2025-04-11 23:16:19
A Russian court is demanding that Google pay $20 decillion American dollars after several of the country's TV channels and media outlets were blocked from YouTube, according to multiple reports.
The fine, which is 20 with 33 zeros attached, is a 37-digit figure. The excessive number comes from a Moscow court that imposed it after 17 of the country's TV channels and media platforms were blocked from YouTube, which Google owns, Russian news outlet RBC reported.
The blocking of the channels occurred after Russian President Vladimir Putin ordered the invasion of Ukraine in 2022. The fine is significantly more than Google's market value of $2.15 trillion, but not higher than a googol, which contains 100 zeroes.
Google's name was inspired by the word "googol" in 1997 after initially being called "BackRub," Business Insider reported.
“Although it is a specific amount, I cannot even say this number, it is rather filled with symbolism,” Kremlin spokesman Dmitry Peskov told NBC News. "The company should not restrict our broadcasters on their platform. This should be a reason for the Google leadership to pay attention to this and improve the situation.”
USA TODAY contacted Google and the Kremlin on Thursday but did not immediately receive a response.
Secretary of State Antony Blinken:8,000 North Korean troops in Kursk could join Ukraine war in days
Google's fine from Russia could get bigger
The case against Google began in 2020 when the tech giant blocked channels belonging to Wagner Group mercenary chief Yevgeny Prigozhin and oligarch Konstantin Malofeev, both of whom are strong supporters of Putin, according to NBC News. The case expanded and the fine increased when YouTube banned more channels following Russia's invasion of Ukraine in 2022, per the outlet.
Google's Russian legal entity, Google LLC, filed for bankruptcy in June 2022, RBC reported. In November 2023, the court declared Google bankrupt, the outlet said.
To avoid further financial punishment, Google would need to restore the YouTube channels within nine months, with a fine of 100,000 rubles (around $1,000) being enforced each day of non-compliance, RBC reported. This amount doubles every week until Google abides by the order, and there is no limit on the amount of the fine, the outlet said.
Alphabet: 'We have ongoing legal matters relating to Russia'
Alphabet, Google's parent company, had a 1.2% decrease in premarket trading after closing about 3% higher Wednesday when the company released its quarterly earnings.
In the "Legal Matters" section of Alphabet's third-quarter earnings release, the company said, "We have ongoing legal matters relating to Russia. For example, civil judgments that include compounding penalties have been imposed upon us in connection with disputes regarding the termination of accounts, including those of sanctioned parties.”
Alphabet added, “We do not believe these ongoing legal matters will have a material adverse effect.”
veryGood! (77)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- The 'Men Tell All' episode of 'The Golden Bachelorette' is near. Who's left, how to watch
- Judge refuses to block nation’s third scheduled nitrogen execution
- Coast Guard suspends search for 4 missing boaters who went crabbing in Northern California
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Republican Hal Rogers wins reelection to Kentucky’s 5th Congressional District
- ROYCOIN Trading Center: New Opportunities Driven by Bitcoin, Expanding the Boundaries of Digital Currency Applications
- Stocks jump on Election Day as investors eye outcome
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Federal judge temporarily halts Idaho’s plan to try a second time to execute a man on death row
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- It might be a long night: Here are some stories to read as we wait for election results
- 76ers star Joel Embiid suspended 3 games by NBA for shoving reporter
- Donald Trump, Megyn Kelly, that headline-making speech and why it matters
- Nevada attorney general revives 2020 fake electors case
- Mike Williams trade grades: Did Steelers or Jets win deal for WR?
- From facial hair to 'folksy': What experts say about the style of Harris, Walz, Trump and Vance
- Coast Guard suspends search for 4 missing boaters who went crabbing in Northern California
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
DZ Alliance’s AI Journey: Shaping the Future of Investment Technology
AP Race Call: Colorado voters approve constitutional amendment enshrining abortion
3 Pennsylvania congressional races still uncalled as Republicans fight to keep slim House majority
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
No call yet in Iowa’s closely contested 1st Congressional District
Why AP hasn’t called the Pennsylvania Senate race
See President-Elect Donald Trump’s Family Tree: 5 Kids, 10 Grandkids & More