Story perspectives

Apple Fined £390,000 for Breaching Russia Sanctions

3/30/2026

Summary

Story summary

Apple Distribution International, an Ireland-based subsidiary of Apple Inc., was fined £390,000 by the United Kingdom's Office of Financial Sanctions Implementation (OFSI) for breaching Russia sanctions by paying £635,618 to Okko in June and July 2022.
Okko was under UK sanctions at the time due to its prior ownership by Sberbank, sanctioned after Russia's invasion of Ukraine.
Apple voluntarily disclosed the payments, enabling OFSI to reduce the fine for self-reporting.

History

Historical Context

The UK began imposing sanctions on Russia in response to its annexation of Crimea in 2014, escalating significantly after Russia's invasion of Ukraine on February 24, 2022. In 2022, Apple Inc. faced a £390,000 fine for violating these sanctions by making payments to a company linked to Sberbank, underscoring the challenges multinational corporations face in navigating complex international regulations amid ongoing geopolitical tensions.

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Story summary

Apple Distribution International, an Ireland-based subsidiary of Apple Inc., was fined £390,000 by the United Kingdom's Office of Financial Sanctions Implementation (OFSI) for breaching Russia sanctions by paying £635,618 to Okko in June and July 2022.
Okko was under UK sanctions at the time due to its prior ownership by Sberbank, sanctioned after Russia's invasion of Ukraine.
Apple voluntarily disclosed the payments, enabling OFSI to reduce the fine for self-reporting.

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