Interested? Contact us now
In order to contact us please fill the form on the right or directly email us at the address below
sales@senecaesg.comApple [AAPL:US] has paid a fine of RUB1.2bn (USD13.65m) to Russia’s Federal Antimonopoly Service (FAS) for alleged abuse of its dominant market position related to in-app payments, as reported by Reuters on January 22. The FAS had accused Apple of providing its own products a competitive advantage through the distribution of apps on its iOS operating system. Apple had previously expressed its disagreement with the FAS ruling, but it paid the fine on January 19, with the funds transferred to Russia’s federal budget. This comes after Apple had paid around USD12.1m in February 2023 in another antitrust case involving its dominance in the mobile apps market.
Russia has been in ongoing conflicts with foreign technology companies, particularly regarding issues such as unlawful content and the storage of user data. The disputes intensified after Russia deployed troops to Ukraine in February 2022. In response to the conflict, Apple halted all product sales in Russia and restricted its Apple Pay service in the country.
Sources:
https://www.reuters.com/technology/apple-pays-137-mln-russian-fine-antitrust-agency-says-2024-01-22/
Monitor ESG performance in portfolios, create your own ESG frameworks, and make better informed business decisions.
In order to contact us please fill the form on the right or directly email us at the address below
sales@senecaesg.com7 Straits View, Marina One East Tower, #05-01, Singapore 018936
+65 6223 8888
Gustav Mahlerplein 2 Amsterdam, Netherlands 1082 MA
(+31) 6 4817 3634
77 Dunhua South Road, 7F Section 2, Da'an District Taipei City, Taiwan 106414
(+886) 02 2706 2108
Viet Tower 1, Thai Ha, Dong Da Hanoi, Vietnam 100000
(+84) 936 075 490
Av. Santo Toribio 143,
San Isidro, Lima, Peru, 15073
(+51) 951 722 377
1-4-20 Nishikicho, Tachikawa City, Tokyo 190-0022