The European Union has decided not to fine American tech giants Apple and Meta (recognized as extremist and banned in Russia) for violating antitrust laws, The Wall Street Journal (WSJ) reported.
According to the newspaper, the European Commission initially planned to announce the fines on Tuesday, but after a meeting between the European Commissioner for Trade Policy and Economic Security Maros Sefcovic and representatives of the US administration on Monday, the EU officials decided to postpone the fines so as not to jeopardize the ongoing trade talks between the EU and the US.
However, the European Commission does not plan to cancel the fines for the tech giants. It is not yet clear how long the postponement will last.
In April, the Euractiv portal reported that the EU could soon fine Apple and Meta, as the 12-month period for conducting an investigation into the violation of the Community's laws on digital markets and digital services by the US technology companies expires.
Brussels intends to impose a fine of more than $1 billion on Meta.
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