Russia Fined These US Companies Over Data Privacy Breach

In this article:
  • 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

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.

Advertisement