Russia's anti-monopoly watchdog says Google violates competition law

Reuters News
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Posted: Sep 14, 2015 11:59 AM

MOSCOW (Reuters) - Russia's anti-monopoly agency said on Monday it had found Google in violation of the country's competition laws.

The agency said Google could face penalties of between one and 15 percent of its 2014 revenue in Russia.

Shares in Yandex, a Google competitor in Russia as the country's biggest search site, rose 9 percent on the news on Monday afternoon.

Google Russia was not immediately available for comment.

Yandex, which filed a complaint against Google with the anti-monopoly service in February, declined immediate comment.

(Reporting by Alexander Winning, Anastasia Teterevleva, Anastasia Lyrchikova; Writing by Gabriela Baczynska; Editing by Mark Potter)