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Amazon fined over $2.26 million for not having local branch in Russia

The fine was reported to have been calculated based on Amazon's turnover.
Last Updated : 17 January 2024, 11:30 IST
Last Updated : 17 January 2024, 11:30 IST

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Moscow: A Russian court on Wednesday fined U.S. e-commerce giant Amazon more than 200 million roubles ($2.26 million) for not having a local branch in Russia, the Interfax news agency reported.

The fine was reported to have been calculated based on Amazon's turnover. ($1 = 88.4075 roubles).

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Published 17 January 2024, 11:30 IST

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