Current:Home > StocksRussian court orders Google to pay $20 decillion for blocking media on YouTube: Reports -Elevate Capital Network
Russian court orders Google to pay $20 decillion for blocking media on YouTube: Reports
View
Date:2025-04-20 05:43:14
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! (2728)
Related
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- High school senior found dead in New Jersey lake after scavenger hunt that went astray
- The Federal Reserve is pausing rate hikes for the first time in 15 months. Here's the financial impact.
- Woman, 28, arrested for posing as 17-year-old student at Louisiana high school
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- At the first March for Life post-Roe, anti-abortion activists say fight isn't over
- After cancer diagnosis, a neurosurgeon sees life, death and his career in a new way
- All the Dazzling Details Behind Beyoncé's Sun-Washed Blonde Look for Her Renaissance Tour
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Coach Just Restocked Its Ultra-Cool, Upcycled Coachtopia Collection
Ranking
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- New Apps for Solar Installers Providing Competitive Edge
- On 50th anniversary of Roe v. Wade, Kamala Harris urges federal abortion protections
- A baby spent 36 days at an in-network hospital. Why did her parents get a huge bill?
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- Why inventing a vaccine for AIDS is tougher than for COVID
- Christina Hall Recalls Crying Over Unnecessary Custody Battle With Ex Ant Anstead
- 25 people in Florida are charged with a scheme to get fake nursing diplomas
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
A police dog has died in a hot patrol car for the second time in a week
Police officer who shot 11-year-old Mississippi boy suspended without pay
Clean Energy Investment ‘Bank’ Has Bipartisan Support, But No Money
Giants, Lions fined $200K for fights in training camp joint practices
48 Hours podcast: Married to Death
Nursing home owners drained cash while residents deteriorated, state filings suggest
Native Americans left out of 'deaths of despair' research