Moscow – Russia has approved a new law to curb the monopoly of leading IT companies. Under the law, major IT companies will be required to set up separate branches or subsidiaries in Russia. Failure to do so will result in banning or other penal action against the company. This is the second law passed by Russia in the last year to control big tech companies. While enacting the new law, Russia has filed a new complaint against Google and launched an investigation.
The Russian officials have revealed information that Russian President Vladimir Putin has signed the new law. According to the law, a foreign IT company operating in Russia will have to open a branch in Russia and set up an independent office. If it is not possible to open a branch, a Russian subsidiary will have to be established. Opening a separate account and registering on the Russian system Roskomnadzor will also be mandatory. The new law will apply to all companies with more than five lakh subscribers or users, Roskomnadzor said.
