Business Headlines News Tech World

Russia fines Google $34 million for breaching competition rules

Russia’s competition watchdog fined Alphabet’s Google 2 billion roubles ($34.2 million) on Tuesday for abusing its dominant position in the video hosting market, the regulator said in a statement.

The decision is the latest multi-million dollar fine as part of Moscow’s increasingly assertive campaign against foreign tech companies.

The Federal Antimonopoly Service (FAS) said the company had “abused its dominant position in the YouTube video hosting services market”, without providing additional details.

“We will study the text of the official decision to define our next steps,” Google said in a statement.

Google must pay the fine within two months of it entering into force, the FAS said.

0.00 avg. rating (0% score) - 0 votes

Leave a Reply

Your email address will not be published.