Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Russia fines foreign firms for alleged data storage violations

Published 28/06/2022, 10:20
Updated 28/06/2022, 16:38
© Reuters. FILE PHOTO: Attendees walk past a Twitch logo painted on stairs during opening day of E3, the annual video games expo revealing the latest in gaming software and hardware in Los Angeles, California, U.S., June 11, 2019.  REUTERS/Mike Blake/File Photo

MOSCOW (Reuters) - Video streaming service Twitch, social network Pinterest (NYSE:PINS), holiday rental company Airbnb and United Parcel Service (NYSE:UPS) were all fined by a Moscow court on Tuesday for allegedly refusing to store Russian citizens' personal data in Russia.

Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has erupted into a full-on battle since Russia sent its armed forces into Ukraine on Feb. 24.

The Moscow court's press service said Amazon-owned Twitch, Pinterest and Airbnb had been found guilty by the Tagansky District Court of breaching Russian legislation on personal data and fined 2 million roubles ($37,700) each. UPS was fined 1 million roubles.

A UPS spokesperson said: "We are reviewing the court’s decision. As this review is ongoing we can provide no further information at this time."

Twitch, Pinterest and Airbnb did not respond to requests for comment.

Russia's communications regulator Roskomnadzor said in late May that it had also opened an administrative case against U.S. tech giant Apple (NASDAQ:AAPL).

For first-time offences, companies can be fined 1-6 million roubles, said Roskomnadzor.

Russia fined Alphabet (NASDAQ:GOOGL) Inc's Google 15 million roubles this month for what it said was repeated failure to comply with Russian legislation on data storage, after handing it a 3-million-rouble penalty last year.

Google's Russian subsidiary has filed for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors. It is facing other possible fines over content.

Separately, the court said it had fined Canada-based storytelling platform Wattpad Corp. 1 million roubles for failing to delete content that Russia deems illegal.

© Reuters. FILE PHOTO: Attendees walk past a Twitch logo painted on stairs during opening day of E3, the annual video games expo revealing the latest in gaming software and hardware in Los Angeles, California, U.S., June 11, 2019.  REUTERS/Mike Blake/File Photo

Wattpad had no immediate comment.

($1 = 53.0000 roubles)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.