financetom
Business
financetom
/
Business
/
Russian government iPhone purchases rise despite security concerns, Vedomosti reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian government iPhone purchases rise despite security concerns, Vedomosti reports
Oct 21, 2024 6:47 PM

MOSCOW (Reuters) - The Russian government's purchases of iPhones for January through September were four times higher than the same period in 2023, the Vedomosti daily reported on Monday, despite certain officials being banned from using Apple devices.

Russia's Federal Security Service (FSB) said in June 2023 that it had uncovered an American espionage operation that compromised thousands of iPhones using sophisticated surveillance software, an allegation Apple denied.

The Kommersant newspaper last year reported that the Kremlin had told officials involved in preparations for Russia's 2024 presidential election to stop using iPhones because of concerns the devices are vulnerable to Western intelligence agencies.

Vedomosti, citing an unnamed representative of the Tenderplan trading platform, said the value of contracts involving iPhones for the first three quarters of the year amounted to 6.9 million roubles ($71,469), up from 1.6 million roubles the year before.

Reuters could not independently verify the data. Russia's digital ministry last year banned employees from using iPhones and iPads for work emails and applications. The ministry did not immediately respond to a request for comment.

The latest iPhone 16 is on sale and in high demand in Russia, despite Apple halting exports to Russia over the conflict in Ukraine.

Unfazed by higher prices and using so-called grey or parallel imports that Russia legalised to enable the import of goods without the brand owners' permission, Russians have been keen to get their hands on Apple's devices.

($1 = 96.5455 roubles)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Russian court orders seizure of $155.8 million in JPMorgan Chase funds in VTB lawsuit
Russian court orders seizure of $155.8 million in JPMorgan Chase funds in VTB lawsuit
Oct 11, 2024
MOSCOW (Reuters) - A Russian court has ordered the seizure of funds in JPMorgan Chase ( JPM ) bank accounts in Russia totalling $155.8 million, court filings showed, as state-owned Russian bank VTB seeks damages over funds blocked abroad. The seizure was imposed on funds in any currency on all JPMorgan ( JPM ) bank accounts, except those held in...
Commerzbank on Overnight News
Commerzbank on Overnight News
Oct 11, 2024
06:32 AM EDT, 10/11/2024 (MT Newswires) -- Commerzbank in its European Sunrise note of Friday highlighted: Markets: United States Treasuries recover into New York close after strong 30-year auction, rangebound in Asia. France's OAT futures also supported. Asian equities mixed, e-minis stable. USD, oil little changed. Fed: Federal Reserve Bank of Atlanta President Raphael Bostic is totally comfortable with skipping...
Stellantis Announces Senior Management Shakeup With CEO Carlos Tavares to Retire in 2026
Stellantis Announces Senior Management Shakeup With CEO Carlos Tavares to Retire in 2026
Oct 11, 2024
06:36 AM EDT, 10/11/2024 (MT Newswires) -- Stellantis' ( STLA ) US-listed shares fell early Friday as the automaker confirmed its chief executive Carlos Tavares will retire in 2026 and announced several key management changes. Tavares will step down upon the completion of his term in early 2026, Stellantis ( STLA ) said late Thursday. A special committee of the...
BNY Q3 profit rises as assets under custody and administration top $50 trillion
BNY Q3 profit rises as assets under custody and administration top $50 trillion
Oct 11, 2024
Oct 11 (Reuters) - BNY's profit jumped 16% in the third quarter on higher investment services fees as assets under its custody and administration exceeded the $50 trillion mark for the first time, the world's largest custodian bank said on Friday. The bank's fees, typically calculated as a percentage of the assets under custody, benefited from a market rally that...
Copyright 2023-2026 - www.financetom.com All Rights Reserved