NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Russia tells Facebook to localise user data or be blocked

Published 26/09/2017, 14:23
© Reuters.  Russia tells Facebook to localise user data or be blocked
LNKD
-
META
-
TWTR
-

MOSCOW (Reuters) - Russia will block access to Facebook (NASDAQ:FB) next year unless the social network complies with a law that requires websites which store the personal data of Russian citizens to do so on Russian servers, Russian news agencies reported on Tuesday.

The threat was made by Russia's communications watchdog Roskomnadzor, agencies said, the organisation which blocked access to LinkedIn's website last November in order to comply with a court ruling that found the social networking firm guilty of violating the same data storage law.

That case set a precedent for the way foreign Internet firms operate in Russia and other companies are now under pressure from the regulator to comply with the law, which was approved by President Vladimir Putin in 2014 and entered into force in September 2015.

"Everyone needs to abide by the law," the Interfax news agency cited Roskomnadzor head Alexander Zharov as telling reporters on Tuesday. "In 2018, everything will be as it should be for sure," he said, referring to Facebook.

"In any case, we will either get the law implemented or the company will cease to work on the territory of the Russian Federation as unfortunately happened to LinkedIn (NYSE:LNKD). There can't be any exceptions here."

Twitter Inc (NYSE:TWTR) had already notified Roskomnadzor that it would aim to localise the personal data of its users by the middle of 2018, Zharov said.

"We understand clearly that Facebook has a significant number of users on the territory of the Russian Federation," Zharov was cited as saying. "On the other hand, we understand that this is not a unique service, and that there are other social media."

Asked to comment on the regulator's demands for Facebook to localise the data of its Russian users, Kremlin spokesman Dmitry Peskov said the U.S. firm had to comply with the law like everyone else.

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.