Google fined $34M by Russia for abusing dominant position in video hosting: report
Sean Gallup

Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has been fined 2B rubles ($34.2M) for abusing its position in Russia's video hosting market, a Russian regulatory agency said on Tuesday, according to Reuters.
The levy, coming from the Federal Antimonopoly Service, is aimed at Google (GOOG) (GOOGL) subsidiary YouTube, which the FAS said "abused its dominant position in the YouTube video hosting services market."
Google (GOOG) (GOOGL) did not immediately respond to a request for comment from Seeking Alpha, but a company spokesperson told Reuters it would "study the text of the official decision to define our next steps."
Alphabet (GOOG) (GOOGL) fell slightly more than 1% in early trading on Tuesday.
FAS added that Google (GOOG) (GOOGL) has to pay the fine within two months of it being handed down. 
The $34M fine is just the latest in a string of run-ins between Google and Russia.
Earlier this month, Google (GOOG) (GOOGL) was fined 21.1B rubles, or roughly $370M, by a Russian court for what it said was a repeated failure to remove content deemed illegal.
In 2021, Google (GOOG) (GOOGL) received a fine from Russia of more than 7B rubles -- the equivalent of about $143M-- for failing to delete illegal content.
Google's (GOOG) (GOOGL) Russian subsidiary filed for bankruptcy last month.
Despite the bankruptcy filing, free Google services, such as Google Search, YouTube, Gmail, Maps, and Google Play remain accessible in Russia.
Alphabet (GOOG) (GOOGL) is set to report second-quarter results after the close of trading today.