Facebook and Twitter will “slow down” in Russia

Facebook and Twitter will “slow down” in Russia

Facebook and Twitter will

Investing.com – The State Duma, apparently inspired by the example of the United States, where, on the instructions of President Trump, in record time practically cracked down on the American part of the Chinese video application TikTok business, decided to increase the toolkit for influencing foreign IT giants in Russia.

First of all, we are talking about social networks Facebook (NASDAQ: FB) and Twitter, which categorically refuse not only to localize the data of Russian users on the territory of the country, but also are not going to pay fines for this violation of the Code of Administrative Offenses.

This story has been dragging on for a long time. Both social networks did not comply with the decision of the magistrate court of the Tagansky district of Moscow to pay fines in the amount of 4 million rubles. with each and after the cassation instance upheld the court's decision, the case was transferred to the Bailiffs Service for enforcement of the penalty.

However, enforcement requires the participation of the Ministry of Foreign Affairs and the Ministry of Justice, and in addition, confirmation of the judgment by an American court may be required.

Therefore, in essence, while the authorities have only one method of legal influence on foreign violators – blocking.

However, they obviously lack Trump's resolve, since, as of March, 40.3 million Russians were registered on Facebook, and according to Yandex (MCX: YNDX), Twitter's audience in Russia grew 26 times over the year and amounted to in May about 183 thousand users.

There is no one in Russia to buy the Facebook and Twitter business, just as the TikTok business is bought in America.

Therefore, the State Duma Committee on Information Policy, Technology and Communications is developing a bill that can increase fixed and introduce turnover fines for those foreign Internet companies that do not comply with Russian legislation regarding the storage of personal data, the removal of illegal content and tax evasion on activities in the country. , writes Kommersant.

Another tool of influence can be the slowdown of data transmission traffic by a court decision.

However, experts suggest using not only the “stick”, but also the “carrot”.

Alexander Zhuravlev, chairman of the commission on legal regulation of the digital economy of the Moscow branch of the Russian Bar Association, who is leading the development of the bill, told the newspaper that it is also planned to stimulate foreign companies, including Facebook, Twitter and Apple (NASDAQ: AAPL), to open full-fledged representative offices in Russia and store here's the data.

“In particular, we proposed to simplify the registration procedure according to the model of Israel and Canada, where it can be done quickly on the website, as well as to allow receiving tax incentives that apply to domestic IT companies in the event of a joint venture with a Russian developer, where the share of foreign participation will not exceed 20%, “- quotes the publication of the words of Mr. Zhuravlev.

It is assumed that if foreign participation exceeds 20%, then the approval of the government commission will be required to receive benefits.

However, experts believe that these measures are unlikely to be effective. According to the leading analyst of the Russian Association for Electronic Communications Karean Ghazaryan, the benefits for the joint venture will not lead to the mass registration of foreign services in the Russian Federation if foreign participation is limited.

It will also be unrealistic to collect fines without the appearance of representative offices, and the implementation of the idea of restricting traffic is still impossible from a technical point of view.

Nevertheless, according to the newspaper, the final version of the document may be submitted to the State Duma in October.

The text was prepared by Alexandra Shnitnikova

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