UPDATE: Russian antitrust fines Google with 438 mln rbl, talks continue - 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

UPDATE: Russian antitrust fines Google with 438 mln rbl, talks continue

(Adds details on talks, comments from Google in last four paragraphs)

MOSCOW, Aug 11 (PRIME) -- Russia’s Federal Antimonopoly Service has imposed a 438 million ruble fine on Google for violation on the market of preinstalled mobile applications, the authority said Thursday on its Web site.

“We hope the company will respect our decision and pay the fine soon,” Deputy Director Alexei Dotsenko told reporters.

The antirust watchdog found Google guilty in September 2015 of abusing its dominant position within an inquiry initiated by Internet giant Yandex. The U.S. giant appealed against the decision, and a court hearing is now set for August 16.

“An amicable agreement with Google, regardless of the fine decision, is still under discussion,” a spokesperson for the authority said. If signed, the agreement will put an end to court hearings, but will not cut the amount of penalty.

“Google must pay the fine during 60 days after the decision comes into force.”

The U.S. company will study the service’s decision and will then decide on its further steps, a spokesperson for the company said.

“We’ve received the fine notification from the Federal Antimonopoly Service. We will read it attentively prior to making any decisions. At the same time, we are still cooperating with all the parties involved and are speaking about wide opportunities which Android gives to its users, developers and producers of devices in Russia,” the spokesperson said.

(64.8137 rubles – U.S. $1)

End

11.08.2016 15:55
 
 
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 154.59 +0.24 19:04 10 may
lkoh 7716.50 +0.03 19:04 10 may
rosn 579.00 +0.09 19:04 10 may
sber 312.98 +0.57 19:04 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