Russia fines Google more money than there is in entire world

[Martin Everson]

https://www.bbc.com/news/articles/cdxvnwkl5kgo

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A Russian court has fined Google two undecillion roubles - a two followed by 36 zeroes - for restricting Russian state media channels on YouTube.

In dollar terms that means the tech giant has been told to pay $20,000,000,000,000,000,000,000,000,000,000,000.

Despite being one of the world's wealthiest companies, that is considerably more than the $2 trillion Google is worth.

In fact, it is far greater than the world's total GDP, which is estimated by the International Monetary Fund to be $110 trillion.

---- quote end

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Sols]

Awesome. Since all the money in the world is now lost, that must mean I‌ can declare huge losses for myself and my businesses. Won't have to pay tax again‍ for years.

 

[Martin Everson]

Don't worry google will be worth twice that much after a dollar crisis and hyperinflation.‌ Maybe an ominous sign smi(&%.

 

[aniglo22]

The fine increased exponentially .. wished for the same treatment for my bank account .‌

 

[JohnnyDoe]

They are aware of this: https://www.offshorecorptalk.com/threads/the-dollar-status-as-a-reserve-currency.46435/
Russian judge must be reading OCT.

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[diatessaron]

Google deserves it! I'm pretty sure they sell user data to companies without our permission.‌

 

[daniels27]

I am not too worried about this companies. I am‍ more worried that they sell data to governments.

 

[Frankie]

Wonderful!

Totally the action of a normal country, I now have full faith of the‌ rule of law in Russia and can't wait to move my life there ASAP.

 

[JohnnyDoe]

Frankie said:
Wonderful!

Totally the action of a normal country, I now have full faith of the rule of law in Russia and can't wait to move my life there ASAP.
Click to expand...

It's the result of cumulative fines and protracted non compliance with the original court order, which fined Google for just $1m. Google decided to ignore the rule of law, in classic Western fashion as dictated by its (war)lords.

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[JohnLocke]

Does anyone actually believe that Google will ever pay this fine, let alone that this‌ will lead to a lawsuit?

What could Russia do against Google if they ignore them?‍

 

[void]

it's a propaganda... I don't think anyone would take this⁠ seriously

 

[JohnnyDoe]

void said:
it's a propaganda... I don't think anyone would take this seriously
Click to expand...

Actually the court just applied the law.

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[JohnnyDoe]

JohnLocke said:
Does anyone actually believe that Google will ever pay this fine, let alone that this will lead to a lawsuit?
Click to expand...

The lawsuit is already ongoing.

JohnLocke said:
What could Russia do against Google if they ignore them?
Click to expand...

Nothing, but Google will have to bargain if it ever wants to do business in Russia.

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[void]

Russian court? 😉

 

[JohnnyDoe]

void said:
Russian court? 😉
Click to expand...

Applying Russian law.

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[Martin Everson]

Russia could in theory apply to courts in friendly nations to enforce its court decision‌ by freezing Googles assets i.e accounts, Data Centers etc.