Facebook Inc. will by shut down in Russia next year if it fails to comply with requirements to store user data locally, according to the head of Russia’s state communications watchdog. “The law is mandatory for everyone,” Alexander Zharov told reporters Tuesday. Roskomnadzor will be forcing foreign internet companies to comply or shut down in the country. President Vladimir Putin signed a law in 2014 that requires global internet firms to store personal data of Russian clients on local servers. Companies ranging from Alphabet Inc.’s Google to Alibaba Group Holding Ltd complied, while others like Twitter Inc. demanded extra time to evaluate the economic feasibility of doing so.
— source bloomberg.com 2017-09-29