Apple Ireland appears to have broken sanctions on Russia
AI-summarised brief · reviewed before publication
Apple's Ireland subsidiary was fined $517,946.25 by UK regulators for likely breaking sanctions against Russia. The fine stems from payments made to Okko, a Russian online video streaming service, via a UK-based bank. This violation occurred after sanctions were imposed in 2022 following Russia's attacks on Ukraine, restricting services like Apple Pay. The UK regulator's action highlights the importance of complying with international sanctions, with significant financial penalties for non-compliance, affecting major companies.