“Yarovaya Law” may subject Russian telecom operators to European fines
Irina Yarovaya’s law on data storage may threaten Russian cellular companies with gigantic fines, the Russian publication Vedomosti writes today.
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The Yarovaya Law obliges Russian operators, starting in July 2018, to store the traffic of all clients for six months. If a Russian company stores EU user data without his consent or provides this data to Russian law enforcement agencies without a court order, it will violate the new European regulation.
“The EU will introduce new data processing rules in May 2018. Violation of them, including by foreign companies, can result in significant fines of up to €20 million or up to 4% of annual global revenue, whichever is greater. If we calculate the fine based on the last figure, the big four Russian operators will have to pay a fine totaling about 45 billion rubles,” the newspaper writes.
The first mass precedents can happen immediately: from June 14 to July 15, 2018, the final part of the World Cup will be held in Russia. In the first quarter of 2017, Rostourism registered 0,99 million trips by EU citizens to Russia - but only tourist trips were taken into account.
Thank you!
Now the editors are aware.