The UK's Office of Financial Sanctions Implementation (OFSI) has fined a Cork-based subsidiary of Apple £390,000 (€449,000) over a breach of Britain's Russia sanctions over payments to an app developer. The penalty was issued to Apple Distribution International Limited (ADI), a subsidiary of the US-based technology giant. OFSI said the Apple subsidiary had voluntarily disclosed the payments. In response, Apple said it followed the laws in countries where the company operates, and takes sanctions compliance "extremely seriously". JSC New Opportunities was not designated under UK sanctions at the time they acquired Okko from Sberbank.

Source: Irish Examiner March 30, 2026 13:07 UTC