Apple Fined £390,000 by UK Over Russian Sanction Breaches

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Apple:Apple Inc.’s European subsidiary was fined £390,000 ($516,110) by the UK for breaching Russian sanctions.The Office of Financial Sanctions Implementation found that in 2022 Apple Distribution International Ltd. paid £635,618 to Russian streaming platform Okko LLC. Republic of Ireland-based ADI voluntarily disclosed the payments, that were made via UK banks, to the government agency.