Russia fines Google $34 mln for breaching competition rules ...Middle East

LONDON: Russia’s competition watchdog fined Alphabet’s Google 2 billion roubles ($34.2 million) on Tuesday for abusing its dominant position in the video hosting market, the regulator said in a statement.The decision is the latest multi-million dollar fine as part of Moscow’s increasingly assertive campaign against foreign tech companies.The Federal Antimonopoly Service (FAS) said the company had “abused its dominant position in the YouTube video hosting services market”, without providing additional details.“We will study the text of the official decision to define our next steps,“ Google said in a statement to Reuters.Google must pay the fine within two months of it entering into force, th

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Russia fines Google $34 mln for breaching competition rules ...Middle East

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