Apple’s Ireland subsidiary has been fined half a million dollars by UK regulators who say the company probably broke sanctions against Russia.
After Russia began its attacks on Ukraine in 2022, both the US and Europe imposed sanctions that, for example, meant Apple Pay no longer being available. Now according to the Financial Times, a UK regulator has fined Apple over payments to Okko, a Russian online video streaming service.
The UK is not part of the European Union, but the payments were made via a UK-based bank. Consequently, the country’s Office of Financial Sanctions Implementation (OFSI) had the authority to impose the fine of $517,946.25.