Russian court rejects Apple appeal against abuse of dominant market position

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

(Reuters) - A Russian court rejected Apple's appeal against the alleged abuse of its dominant market position in terms of in-app payments, for which it ...

- A Russian court rejected Apple's appeal against the alleged abuse of its dominant market position in terms of in-app payments, for which it was fined 1.2 billion roubles in January, the RIA news agency reported on Tuesday.Russia's federal anti-monopoly service fined Apple in January 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. The FAS's decision entered legal force in May after it was approved by a Moscow court, RIA reported. Apple was appealing both the decision and the fine.

The rouble has depreciated sharply since January. In dollar terms, the fine has decreased by more than $5 million since then.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines