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Unprecedented! Russia imposes a astronomical fine of 36 digits on Google, what happened?
According to Russian media "RBC", Google has been ruled by a local Russian court because of the ban of a number of Russian media accounts on its media platform YouTobe, and Google has owed sky-high fines of up to 36 figures in recent years, and the amount of fines will continue to rise every day without any upper limit. (Synopsis: De-dollarization embraces BTC!) Russia plans to promote BTC into an international trading currency, breaking through the SWIFT ban) (Background supplement: Russia 9/1 trial cryptocurrency cross-border payment, Putin can really circumvent Western economic sanctions? According to Russian media "RBC", Google has been ruled by a local Russian court because of the ban of a number of Russian media accounts on its media platform YouTobe, Google has to pay a sky-high fine of up to 36 figures, and the amount of fines will continue to rise every day, without any upper limit. What feud does Google have with the Russian media? The Russian local media's feud with Google began in 2020, when YouTobe banned the platform accounts of RIA FAN, a company owned by Russian ultra-nationalist media Tsargrad and Wagner Group co-founder Yevgeny Prigozhin, on its platform for violating sanctions and trade rules. In 2021, the court finally ruled in favor of Russian media outlets, requiring YouTobe to reinstate these media accounts or face fines that will continue to increase if they fail to comply with the request. However, Google did not seem to care about this, and after the Russian-Ukrainian war in February 2022, YouTobe once again blocked dozens of Russian media channels, which subsequently caused dissatisfaction from the Federal Antimonopoly Service (FAS), which found that Google violated the Anti-Competition Law and demanded a fine of 2 billion rubles against Google, which was later increased to 4 billion rubles due to Google's non-payment. Today, Russian courts have ruled that Google needs to pay a fine of 36 figures, which is undoubtedly astronomical. Will Google pay fines? In response to the Russian court's judgment on Google, in fact, many netizens only looked at it as a joke. First of all, according to IMF estimates, in 2023, the global per capita GDP will be about 13,300 US dollars, based on 8 billion people, the total global GDP in 2023 will be about 106 trillion US dollars, which is only 15 figures, and the 36-figure fine demanded by Russia is undoubtedly a fantasy. On the other hand, Google's parent company Alphabet mentioned in this year's Q2 report that Google does face legal problems in Russia, but Google said that whether it is a legal action or a fine for Google, it will not have a significant negative impact on Google, and it also implies that Google will not really pay these fines. BRICS countries support the establishment of a common cross-border payment system It is also worth mentioning that in recent years, in addition to facing the media blockade and sanctions of YouTobe, more importantly, Russia has also fallen into economic sanctions between the United States and other European countries. At the 2024 BRICS Summit 2024 held in Kazan, Russia, from the 22nd to the 24th of this month, Russian President Vladimir Putin said that the leading role of the BRICS countries in the global economy will continue to strengthen, criticized the unilateral sanctions imposed by Western countries on Russia, Iran and other BRICS countries, and called for the elimination of the impact of Western sanctions. He also proposed the opening of the BRICS Food Exchange and the BRICS Investment Platform, and other leaders agreed to build a common cross-border payment system led by Russia, which would help the BRICS countries bypass the dollar-dominated global financial system for international trade, so its progress has been followed globally. Related reports The Kremlin bombarded France again for "political persecution of Durov": Russia has not arrested him! Moscow is ready to intervene at any time Interpretation of Russia's new encryption law: allow cross-border transactions of Virtual Money from 9/1 Putin sternly warned "BTC": Mining is too energy-intensive, which has caused an unprecedented power crisis in many regions of Russia (unprecedented! What happened when Russia imposed a 36-figure astronomical fine on Google? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".