Politics
Putin fines Google an astronomical $20 DECILLION
Russia demanded that Google pay a fine greater than the entire world's GDP for blocking pro-Putin media.
A Moscow court is seeking to extract some $20 billion from the tech giant, or 200 quintillion times the size of the global economy.
The amount sought by the Russian judges is so large that it should be written as 20 followed by 33 zeros.
This also far exceeds Google's market value of $2 trillion.
Judge called legal battle 'a case in which there are many, many zeroes'
PA/Reuters
The judge called the legal battle “a case in which there are many, many zeroes,” according to local media outlet RBC.
The technology company banned the pro-Kremlin channel Tsargrad TV, owned by oligarch Konstantin Malofeev, from YouTube four years ago.
Right under Google's nose, Putin's courts were handing out daily fines of 100,000 rubles (790), reinforced by the warning that penalties would double every 24 hours if he didn't pay.
As of Wednesday afternoon, Google now owes Russia more than 2 one decillion rubles, or the aforementioned decillion dollars, lawyer Ivan Morozov told the state-run Tass news agency.
MORE ON PUTIN’S RUSSIA:
Under Google's nose, Putin's courts were handing out daily fines of 100,000 rubles (790)
UNSPLASH
The tech company's initial fine was also increased after Google blocked 17 Russian TV channels due to international sanctions imposed following Russia's 2022 invasion of Ukraine.
Google also closed its Russian division – and its subsidiary declared bankruptcy – as Putin's tanks crossed Ukraine's borders.
But a number of its services – notably its search engine and YouTube – remained accessible to Russians.
Last August, The Telegraph revealed that Russian bailiffs had seized more than $100 million from the bankrupt subsidiary to finance Putin's war efforts.
Google shut down its Russian division as Putin's tanks crossed Ukrainian borders
REUTERS
Google banned pro-Kremlin channel Tsargrad TV, owned by “orthodox oligarch” Konstantin Malofeev
FLICKR VIA WIKIMEDIA COMMONS
In court documents, Google said Russia handed over its assets to sanctioned TV channels including RT and Tsargrad, the latter's owner, Malofeev, has been described as the “orthodox oligarch.”
In filings, Google said: “Bailiffs seized more than $100 million in assets from Google Russia, even though the amount allegedly owed under the judgment at the time was less than $12.5 million (1 billion rubles).
“Tsargrad received 1 billion rubles from this seizure, which he said he would use to support Russia's war in Ukraine.”
The tech giant is also fighting Russian attempts to impose fines in countries more friendly to Putin, including South Africa, Turkey and Serbia.
But in the face of the catastrophic sums Russia is demanding for the global economy, Google said in its latest earnings release: “We do not believe these ongoing legal matters will have a material adverse effect.”
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