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Search resuls for: "Federal Antimonopoly Service"


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An Apple logo is seen at the entrance of an Apple Store in downtown Brussels, Belgium March 10, 2016. REUTERS/Yves Herman/File PhotoSummaryCompanies This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Aug 3 (Reuters) - A Moscow court fined Apple (AAPL.O) 400,000 roubles ($4,274) on Thursday for not deleting "inaccurate" content about what Russia calls a "special military operation" in Ukraine, Russian news agencies reported. The TASS news agency said it was the first time Apple had been fined for that offence. The company paused all product sales in Russia shortly after Moscow sent tens of thousands of troops into Ukraine in February 2022, and limited its Apple Pay service in Russia. Moscow has clashed with Big Tech for years over content, censorship, data and local representation in disputes that escalated after Russia sent its armed forces into Ukraine.
Persons: Yves Herman, Apple, Alexander Marrow, Gareth Jones Organizations: Apple, REUTERS, Russia, TASS, Big Tech, Federal Antimonopoly Service, FAS, Wikimedia Foundation, Reuters, Thomson Locations: Brussels, Belgium, Russia, Ukraine MOSCOW, Moscow, Ukraine, Russian
SummarySummary Companies This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Feb 27 (Reuters) - U.S. tech giant Apple has paid a 906 million rouble ($12.12 million) fine in a Russian antitrust case alleging abuse of its dominance in the mobile apps market, Russia's Federal Antimonopoly Service (FAS) said on Monday. "Apple has paid a 906 million rouble antitrust fine," the FAS said in a statement on its Telegram channel. Apple had appealed the decision at various stages, but had been unsuccessful and ultimately complied with the order, the FAS said. Apple paused all product sales in Russia a year ago, after Moscow despatched its armed forces to Ukraine, and limited its Apple Pay service in Russia.
[1/4] Hyundai cars are seen at a customs terminal on the outskirts of Saint Petersburg, Russia June 1, 2022. REUTERS/Anton VaganovMOSCOW, Nov 16 (Reuters) - President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million for the first time since records began. Manturov also proposed extending preferential car financing to military personnel, adding: "Today we can speak of an emerging trend towards a recovery of the industry." He said the number of cars sold in Russia would this year fall below 1 million, a first in modern history. Reporting by Caleb Davis and Gleb Stolyarov; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.
AMSTERDAM, Oct 14 (Reuters) - Prosus (PRX.AS), the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito for 151 billion roubles ($2.46 billion), to Kismet Capital Group. The buyer, Russian investment firm Kismet, was founded by Ivan Tavrin, former CEO of telecoms company MegaFon. Several Western companies opting to exit the Russian market have taken significant financial losses in doing so. "Our goal has been to manage the sale of the business in a responsible and structured way," Naspers said in a statement. "We believe that this is best achieved through this deal.”Avito, Russia's largest online marketplace, has around 5,000 employees and 90 million users.
Prices for most goods and services rose sharply soon after Russia sent thousands of troops into Ukraine in February, sparking hefty Western sanctions. The Federal Antimonopoly Service (FAS) said MTS would have to lower prices to economically justified levels and pay a fine, the size of which would be determined after an investigation. "The adjustment of tariffs took into account the growth in costs of servicing telecoms infrastructure, which exceeds the growth of telecoms service revenues," MTS said in a statement. "In August, September and October 2022, MTS again raised the cost for these tariff plans," the FAS said. The FAS said MTS had not provided enough evidence of its costs.
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