Russian government finds Apple guilty of price fixing

After an investigation that started last August, Russia’s Federal Antimonopoly Service has found Apple guilty of price fixing, The Financial Times reports. The FAS claims Apple told 16 Russian retailers to set prices at a specific level and threatened to terminate sales agreements with those who refused to comply. In its statement, the FAS said Apple’s Russian subsidiary has been monitoring resellers’ pricing since the release of the iPhone 5s and when it found “unsuitable” prices, Apple “sent emails to resellers with a request to change them.” Apple hasn’t released a statement on the current ruling, but previously denied any wrongdoing. The company now has 3 months to file an appeal if it so desires. If the ruling stands, Apple could be fined as much as 15 percent of its sales in Russia. [via 9to5Mac]

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