September 30, 2021
MOSCOW (Reuters) – Russia may seek to fine social media giant Facebook up to 10% of its annual turnover in the country for a repeated failure to delete content which Moscow deems illegal, the Vedomosti daily reported on Thursday.
State communications regulator Roskomnadzor said Facebook’s repeated violations could see it fined 5% or 10% of its annual Russian turnover, Vedomosti reported.
The newspaper cited experts who estimated Facebook’s annual Russian turnover at around 12 billion roubles ($165 million). Reuters could not immediately verify that estimate independently.
($1 = 72.5975 roubles)
(Reporting by Alex Marrow; editing by Jason Neely)
Source Link Facebook faces threat of huge fine in Russia over banned content -report