Russian antitrust head says fine for Google less than in Europe - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian antitrust head says fine for Google less than in Europe

MOSCOW, Apr 19 (PRIME) – The Russian fine for Google for its abuse of the dominant position on the market of preinstalled application stores will be much lower than the one threatenong the company in Europe, Federal Antimonopoly Service Director Igor Artemyev told reporters Tuesday.

“The fine won’t be as large as in Europe, of course. They have a huge turnover there compared with our country; we calculate it by the turnover. That is why their gigantic fines originate from gigantic turnovers,” Artemyev said.

“(The turnover) is less here, much less, so there will be no fantastic figures.”

In 2015, the European Commission opened an antitrust investigation against Google, which can face a fine exceeding U.S. $6 billion.

Google has appealed against the Federal Antimonopoly Service decision, while the watchdog delayed a decision on the amount of the fine until May 11.

End

19.04.2016 12:21
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.9461 +0.6399 09 may
USD 91.8239 +0.7008 09 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3449.78 +0.50 18:51 10 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.52 +0.19 23:14 10 may
lkoh 7715.00 +0.01 23:14 10 may
rosn 579.35 +0.15 23:14 10 may
sber 313.25 +0.66 23:14 10 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 98.8600 0.0000 05:00 10 may
USDTD 91.7750 +0.2825 05:00 10 may