- Russia's Christian Orthodox news channel Tsargrad TV has stopped negotiating with Alphabet Inc GOOG GOOGL Google to unblock its YouTube account, Reuters reports.
- Tsargrad also blamed Google for purposely stretching the negotiation process. Tsargrad TV alleged YouTube had blocked its account in July 2020 without citing a reason.
- In April, the Moscow Arbitration Court ordered Google to restore Tsargrad's account or face a penalty. The Moscow court commanded Google to unblock the YouTube account of Tsargrad TV, owned by Konstantin Malofeev, who is under U.S. and EU financial sanctions.
- Google has appealed the ruling in May. The Monday appeal hearing was postponed to September 20.
- Price Action: GOOG shares traded lower by 0.09% at $2,765.70 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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