Tech Companies May Face Regulatory Restrictions in Russia This Year
The Russian government passed new protectionist legislation that would come up into issue starting July i, 2020. Co-ordinate to the legislation, all tech gadgets including computers, smartphones, and tablets need to come up with pre-installed Russian software to exist sold in the country.
Russia's Yandex browser must be the default web browser, according to the legislation, which companies like Apple would be to the lowest degree willing to practise. The legislation also requires companies to store data of Russian users on local servers. Notably, professional networking platform LinkedIn got banned from the country for publicly denying to store personal user data in Russia.
Russia will levy a fine of half dozen million rubles ($95,875) for the first violation and 18 1000000 rubles ($287,924) if companies go along violating the personal data law. As you might accept guessed, major technology companies are not pleased with this decision of the Russian government. The Clan of Trading Companies and Manufacturers of Electrical Household and Figurer Equipment (RATEK) does non favor the legislation as well.
"The initiative is potentially harmful for the market. Information technology will striking consumers, electronics manufacturers and software developers, alike. Specifically, manufacturers will suffer as operational systems of some of them are not suitable for external applications, and even those who potentially can preinstall local apps, will take to pay sizable license fees," a RATEK spokesman told The Hollywood Reporter.
Well, hardware-related companies aren't the only ones affected by this legislation. As The Hollywood Reporter points out, the hereafter of streaming services similar Netflix and Apple TV+ is at pale as well. Right before the launch of Apple TV+, the Russian government stated that information technology will gear up legislation to block foreign streaming services to favor local players in the segment if the userbase surpasses 50 pct of all Russian video streaming users.
It remains to be seen how things turn out when the legislation comes into effect afterward this year. Until then, let us know your thoughts in the comments below.
Source: https://beebom.com/tech-companies-regulatory-restrictions-in-russia/
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