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One of the sources who told Reuters about the proposal works for a Russian technology firm, one is at a foreign tech company and the third works for an industry lobby group. They spoke on condition of anonymity because they are not authorized to speak to the media. Just like lawmakers and officials in the United States and the European Union, Russia is wrestling with the challenge of how to limit the power of tech companies that have accumulated vast wealth and enormous vaults of data. The proposal to levy companies 1 percent of annual revenue could lead to substantial fines.

Google’s Russian subsidiary, for example, had revenue of 45.2 billion fountain pen cufflinks roubles ($687 million) in 2017, according to the SPARK database which aggregates data from business registries, “For a foreign company, that’s already a significant amount,” the source at the foreign tech firm said, though they added that it was unclear how the fine would be collected given some companies have no legal entity in Russia, Under the proposed amendments, a fine could also be levied multiple times on the same company for every time it is found to have committed a violation..

By comparison, under current legislation the maximum fine Google in Russia can face in an ongoing case brought against it by Roscomnadzor is 700,000 roubles ($10,595). That case relates to allegations that Google, which is owned by Alphabet Inc. (GOOGL.O), failed to comply with requests to remove search results for organizations that are banned in Russia. Google has not commented on the allegations. Facebook has said it is in discussions with the telecoms watchdog about its compliance with the rules. It has not moved servers containing its Russian users’ data to Russia, three years after a law was passed requiring the move.

In addition to stiffer fines, Russian authorities would retain the power to block companies’ online services under the new laws, according to the draft proposal seen by Reuters, The source in the industry lobby group said companies in the sector could accept higher fines if they were applied fairly and they replaced the practice of blocking sites, But he said firms would oppose rules that allow both fines and blocking, “But generally speaking anything that brings order to the system of blocking that has sporadically arisen at various times is an excellent idea,” fountain pen cufflinks the source said..

WELLINGTON (Reuters) - New Zealand’s intelligence agency has rejected the telecom industry’s first request in the country to use 5G equipment provided by China’s Huawei Technologies Co Ltd, citing concerns about national security. Telecommunications services provider Spark New Zealand Ltd (SPK.NZ), which made the request, said on Wednesday it would review the reasoning before considering any further steps. The decision comes as Western nations become increasingly wary of what they say is possible Chinese government involvement in fifth-generation mobile and other communications networks. Huawei has repeatedly insisted Beijing has no influence over it.

Earlier this year, neighbouring Australia banned Huawei from supplying 5G equipment, also citing security risks, Last week, the Wall Street fountain pen cufflinks Journal reported the U.S, government was trying to persuade companies in allied countries to avoid Huawei, “I have informed Spark that a significant network security risk was identified,” Government Communications Security Bureau Director-General Andrew Hampton said separately on Wednesday, Intelligence services minister Andrew Little told Reuters that Spark - whose request was part of the country’s first 5G application - could work with the agency to mitigate risk, He declined to specify the concerns, citing classified information..

Huawei said in a statement that it will “actively address any concerns and work together to find a way forward”, adding it has signed more than 20 5G contracts with carriers worldwide. Speaking in Beijing, Chinese Foreign Ministry spokesman Geng Shuang expressed “serious concern”, and said China-New Zealand business ties were mutually beneficial and win-win. “We hope the New Zealand government provides a fair competition environment for Chinese companies operating in New Zealand, and does more to benefit bilateral mutual trust and cooperation,” he told a daily news briefing.

Huawei has been involved in other telecommunications systems in New Zealand such as its 4G mobile network, and is investing NZ$400 million ($271.88 million) into research and development, Little said each decision regarding telecom technology was made separately under telecom and security legislation, “The difference between 5G networks and conventional 4G and 3G networks is the configuration of the technology,” Little said, “With 5G technology, every component of the 5G network means fountain pen cufflinks every part of the network can be accessed.”..

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