Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Russia fines Apple and Zoom for alleged data storage violation

Published 07/12/2022, 05:59 AM
Updated 07/12/2022, 11:26 AM
© Reuters. FILE PHOTO: Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts

(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine)

MOSCOW (Reuters) - U.S. tech giant Apple (NASDAQ:AAPL) and Zoom Video Communications (NASDAQ:ZM) were fined on Tuesday for allegedly refusing to store the data of Russian citizens on Russian territory.

Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has erupted into a full-on battle since Russia sent its armed forces into Ukraine on Feb. 24.

Apple was fined 2 million roubles ($34,000), the court in Moscow's Tagansky district said, with Zoom and Ookla, which runs the internet performance tool Speedtest, fined 1 million roubles each. Alphabet (NASDAQ:GOOGL)'s Google was ordered to pay 60,000 roubles for a different offence relating to data.

Apple, Zoom, Ookla and Google did not immediately respond to requests for comment. ($1 = 59.0000 roubles)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.