+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Russia just threw the book at Google, and Russian rival Yandex's stock is soaring

Sep 14, 2015, 23:38 IST

Google CEO Larry Page, speaking at the company's annual meeting of stockholders on June 3, 2015.YouTube/Google Investor Relations

Google has been found guilty of violating Russian antitrust regulations.

Advertisement

In February, Russian's Federal Antimonopoly Service started investigating Google for its method of including its own apps with the Android operating system.

The FAS now tells The Wall Street Journal that it found Google guilty of "abusing its dominant market position" but not of "unfair competition practices."

Google told Business Insider, "We haven't yet received the ruling. When we do we will study it and determine our next steps."

The FAS first started its probe after a complaint from Yandex, a major Russian internet company. Yandex's stock surged following news of the decision - it's currently up around 9%.

Advertisement

Google told The WSJ that it hasn't yet received the ruling, but it could face both a fine and new mandates to alter its partnerships with phone manufacturers.

Meanwhile, Google is still fighting antitrust charges made by the European Union.

NOW WATCH: All the incredibly useful things you didn't know your iPhone headphones could do

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article