Apple stops online sales in Russia over ruble fluctuations

Tim Higgins, Bloomberg:

Apple halted online sales of its products in Russia due to “extreme” ruble fluctuations, showing how the currency’s swings are rippling out to international businesses.

“Our online store in Russia is currently unavailable while we review pricing,” Alan Hely, a spokesman for the Cupertino, California-based company, wrote in an e-mailed statement today.

Russia is a relatively small market for Apple, but hopefully the store will be back soon.

Very loosely related, but interesting:

  • With turmoil in its markets, Russia is purchasing gold at an astounding rate - link.