Current:Home > FinanceRussian court orders Google to pay $20 decillion for blocking media on YouTube: Reports -FinanceCore
Russian court orders Google to pay $20 decillion for blocking media on YouTube: Reports
View
Date:2025-04-24 15:56:44
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! (2)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Stock Up on Spring Cleaning Essentials in Amazon's Big Spring Sale: Air Purifiers for 80% Off & More
- Capitals' Tom Wilson faces sixth NHL suspension after forcefully high-sticking opponent
- Alabama becomes latest state to pass bill targeting diversity and inclusion programs
- Highlights from Trump’s interview with Time magazine
- In ‘Godzilla x Kong: The New Empire,’ the Titans are the stars
- Massachusetts Senate passes bill aimed at outlawing “revenge porn”
- Wall Street debut of Trump’s Truth Social network could net him stock worth billions on paper
- Meet first time Grammy nominee Charley Crockett
- NC State riding big man DJ Burns on its unlikely NCAA Tournament run this March Madness
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Minnesota officer who fatally shot 65-year-old man armed with a knife will not be charged
- Sister Wives' Christine Brown Shares Emotional Message on Moving Forward After Garrison's Death
- We’re Calling It Now: Metallic Cowgirl Is the Trend of Summer
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Georgia Republicans reject Democrats’ final push for Medicaid expansion
- Georgia Republicans reject Democrats’ final push for Medicaid expansion
- Telescope images capture galaxies far far away: See photos
Recommendation
Tom Holland's New Venture Revealed
Hyundai recalls more than 98,000 cars due to loss of drive power
Get 54% Off Tanning Drops Recommended by Kourtney Kardashian, a $100 Abercrombie Shacket for $39 & More
Stock Up on Spring Cleaning Essentials in Amazon's Big Spring Sale: Air Purifiers for 80% Off & More
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Former Nickelodeon producer Dan Schneider responds to Quiet on Set accusations
Yes, authentic wasabi has health benefits. But the version you're eating probably doesn't.
Milwaukee's Summerfest 2024 headliners: Toosii joins lineup of Tyler Childers, Motley Crue