Russia Imposes a $164,000 Penalty on Google for Not Storing User Data Locally
In Brief
Recently, the Russian government slapped Google with a hefty fine of $164,000 due to its ongoing unwillingness to keep user data on servers based in Russia.
Tech giant Google The company faced a fine of $164,000 for not complying with the requirement to store data of its Russian users exclusively on local servers.
Google's Russian division has experienced significant challenges recently. Russia This includes failing to eliminate content that Moscow has labeled illegal and limiting access for Russian media on YouTube. In fact, Google’s Russian subsidiary declared bankruptcy in the summer of 2022 after its bank account was seized by the government, which hindered its ability to fulfill payroll and pay vendors.
In spite of the nation's constraints that have resulted in a ban on various platforms like Twitter and Facebook, access to Google services, including its free search engine and YouTube, remains unrestricted.
Russia Pushes Major Tech Firms to Keep Data Within Borders
Russia has been ensnared in ongoing disputes with global tech companies concerning content management, censorship issues, data security, and the need for local representation. This disagreement has escalated notably in recent years.
A month ago, a communications tech firm Zoom , was hit with a $164,000 fine for failing to store data pertaining to Russian citizens on servers located within Russia.
Recently, the largest cryptocurrency exchange in the U.S. Coinbase was fined $10,500 for breaching a regulation that requires foreign firms to localize data of Russian citizens, as mandated by local authorities. Other companies may also face fines nearing $65,090.
The global cryptocurrency exchange Binance has announced it will stop will start accepting Russian Ruble (RUB) deposits from November 15, 2023, following its withdrawal from the domestic market due to the complexities of regulatory compliance.
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