Russia Fined These US Companies Over Data Privacy Breach
A Moscow court penalized Amazon.com Inc (NASDAQ: AMZN) owned video streaming service Twitch, social network Pinterest, Inc (NYSE: PINS), holiday rental company Airbnb, Inc (NASDAQ: ABNB), and United Parcel Service, Inc (NYSE: UPS) for refusing to store Russian citizens' data in Russia, Reuters reports.
Russia penalized Twitch by 2 million roubles ($37,700), Pinterest and Airbnb by 2 million roubles, and UPS by 1 million roubles.
In late May, Russia's communications regulator Roskomnadzor opened administrative cases against the companies for allegedly violating personal data legislation.
First-time offenders can get away with a penalty of 1-6 million roubles, Roskomnadzor said, which has also opened cases against Apple Inc (NASDAQ: AAPL).
Russia penalized Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google 15 million roubles in June for repeatedly failing to comply with Russian legislation on data storage after handing it a 3-million-rouble penalty in 2021.
Moscow has clashed with Big Tech over content, censorship, and more since Russia entered Ukraine on February 24.
The U.S. Big Techs restricted services in Russia following the Ukraine invasion.
See more from Benzinga
Investors Seek More Transparent Tax, Disclosure Norms From Microsoft and Cisco
Tesla, Rivian and NIO See Estimates and Price Targets Slash By Mizuho Post Battery Industry Call
Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.