🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Google, Meta face penalties in Russia as deadline passes to open local offices

Published 03/01/2022, 04:39 AM
Updated 03/01/2022, 01:42 PM
© Reuters.  FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS/
GOOGL
-
AAPL
-
AMZN
-
META
-
YY
-
TWTR
-
GOOG
-
SPOT
-
ZM
-
PINS
-

By Paresh Dave

(Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google and Facebook (NASDAQ:FB) owner Meta Platforms Inc are among internet companies facing possible punitive measures in Russia after failing to open local offices and take other measures required by a communications law.

Since July 2021, Russian legislation signed by President Vladimir Putin has obliged foreign social media companies with more than 500,000 daily users to open local offices or be subject to restrictions as severe as outright bans.

The new rules also require companies to register with Russian communications regulator Roskomnadzor and have a system for fielding user complaints. In November, Roskomnadzor listed 13 companies it wanted to set up officially on Russian soil. Last month, it said it would start imposing restrictions by the end of February.

Ahead of the March deadline, only a few had complied. Since Russia's invasion of Ukraine last week, Western governments have urged companies to push back on Putin in any way possible. Russia calls its actions in Ukraine a “special operation.”

Apple Inc (NASDAQ:AAPL) and Spotify Technology SA (NYSE:SPOT) had fully complied before fighting began in Ukraine. On Monday, Roskomnadzor's website showed Rakuten Group Inc's messaging app Viber had completed all required steps.

Six other companies had fulfilled at least one policy but had not established a Russian legal entity or local office. Those were Google, Meta, Twitter Inc (NYSE:TWTR), ByteDance's TikTok, Zoom Video Communications (NASDAQ:ZM) Inc, JOYY (NASDAQ:YY) Inc's video app Likee, the government website showed late Monday.

Meta had been in "protracted discussions" with the Russian regulator up until the invasion of Ukraine occurred, Nick Clegg, Meta's head of global affairs, said during a press call on Tuesday.

Clegg said Meta sought to comply with the law "where we feel we can in good conscience do so," but added there were other provisions the company felt were difficult to understand.

Four companies - chat tool Discord, Amazon.com Inc (NASDAQ:AMZN)'s live streaming unit Twitch, messaging app Telegram and bookmarking service Pinterest (NYSE:PINS) Inc - had taken no steps to comply, according to the website.

Likee said its Feb. 16 filing to form a Russian legal entity was under review and it plans to comply with the law. Twitter declined to comment. The other 11 companies did not respond to requests for comment.

Last month, Roskomnadzor said it would begin barring non-compliant companies from selling ads in Russia. It previously has said blocking access to the targeted services would be a last resort, and other penalties could include limiting data collection and money transfers.

The regulation is a part of a wider campaign for internet control that critics say threatens individual and corporate freedom. Authorities in Russia have issued small fines to social media companies for ignoring demands to censor anti-government activists or information.

Russia, which calls its actions in Ukraine a "special operation," has curtailed access to Facebook in recent days in retaliation for the platform's censoring state media services, which critics say promote fake news and propaganda. Twitter has also been slow to access on mobile devices.

© Reuters.  FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS/

Demand has surged in Russia during the crackdown for virtual private networking (VPN) apps, which can help with circumventing internet restrictions. Three of the top five most downloaded apps on Apple's App Store on Monday were VPNs. They generated a combined 383,000 installs over the past seven days, 15 times more than the prior seven-day period, according to estimates from tracker Sensor Tower.

Russia, with a population of about 144 million, had nearly 51 million users on Instagram and 7.5 million on Facebook as of last November, according to research outfit Insider Intelligence.

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.