The following report is by The Register:
To put that into perspective, the World Bank estimates global GDP as around $100 trillion, which is peanuts compared to the prospective fine. Google would therefore have to find more money than exists on Earth to pay Moscow – but on Tuesday fell a little short of that mark when it posted $88 billion quarterly revenue.
The bizarre amount has been calculated after a four-year court case that started after YouTube banned the ultra-nationalist Russian channel Tsargrad in 2020 in response to the US sanctions imposed against its owner. Following Putin’s illegal invasion of Ukraine in 2022 more channels were added to the banned list and 17 stations are now suing the Chocolate Factory, including Zvezda (a TV channel owned by Putin’s Ministry of Defence), according to local media.
“Google was called by a Russian court to administrative liability under Art. 13.41 of the Administrative Offenses Code for removing channels on the YouTube platform. The court ordered the company to restore these channels,” lawyer Ivan Morozov told state media outlet TASS.
The court imposed a fine of 100 thousand rubles ($1,025) per day, with the total fine doubling every week. Owing to compound interest (Einstein’s eighth wonder of the world), Google is now on the hook for an insane amount of money, or what the judge on Monday called “a case in which there are many, many zeros.”
Not that there’s much chance of bankrupting Alphabet over the issue. Google in Russia has been inactive since 2022 after the search giant effectively pulled out of the country following Putin’s special military operation. Google says the Russian authorities had seized its bank accounts and the offshoot was essentially bankrupt. The ad-spreader had over 200 staff in Russia and, while some have been relocated, others were laid off.
The battle is now on in courts around the globe as Russia seeks to seize Google’s assets, with little success. The Chocolate Factory certainly seems sanguine about it.
“We have ongoing legal matters relating to Russia. For example, civil judgments that include compounding penalties have been imposed upon us in connection with disputes regarding the termination of accounts, including those of sanctioned parties,” Alphabet reported in its last earnings statement [PDF].
“We do not believe these ongoing legal matters will have a material adverse effect.”
Google had no comment on the fine at time of going to publication. ®
AUTHOR COMMENTARY
Today was the first time I ever heard of a “decillion.” This headline was so comical I just had to share it. Obviously this is never going to be repaid as it is a 100% impossibility, and I highly doubt Google is even paying attention to this.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I looked this up in the past for some reason that I don’t remember now, names of large numbers. “Don’t hold your breath, Putin.”
So the Catholic 2025 Jubilee has a mascot out, “Luce” (fer). Luce means light. Now some trad cats are getting upset over this.