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Russian anti-monopoly agency fines Apple $17 million - TASS

Stock Markets Jan 17, 2023 04:57PM ET
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© Reuters. FILE PHOTO: The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. REUTERS/Yves Herman
 
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(Reuters) - Russia's federal anti-monopoly service (FAS) fined Apple (NASDAQ:AAPL) about $17.4 million, the regulator said on Tuesday, over what it said was the U.S. company's abuse of its dominant market position.

In a statement, the regulator said it had previously found that Apple forced Russian developers to use Apple's payment services with the iOS App Store, in violation of Russia's competition rules.

It said Apple must pay the fine within two months.

($1 - 69.04 roubles)

Russian anti-monopoly agency fines Apple $17 million - TASS
 

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Comments (3)
Ken Roth
Ken Roth Jan 18, 2023 12:01AM ET
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Russian law is none existing, they are letting all their criminals out of the prisons to fight in ukraine, thus freeing up space for political prisoners not agreeing with putin. What about the victims of these criminals or their families where is justice for them so see their murderer or rapist out of jail…..So off course apple should not pay 1 cent to russia, but rather withdraw from the russian market instead.
Benjamin USA
Benjamin USA Jan 17, 2023 5:13PM ET
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Apple doesnt pay Isis so why should they pay Russia? Exit the terrorist state’s market.
simon meso
simon meso Jan 17, 2023 10:22AM ET
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