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Big Law

Google to Pay $34 Million in Russian Fines 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.

Read the source article at Yahoo Finance

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