OREANDA-NEWS. October 24, 2007 the Federal Antimonopoly Service (FAS Russia) has analyzed the draft Agreement on the Efforts to Stabilize Prices on Some Classes of Socially Important Foods Products to be made between producers and sellers of food products, reported the press-centre of FAS Russia.

The Agreement terms and conditions do allow individual persons to eliminate competition on relevant goods markets. FAS Russia believes the Agreement is acceptable as it is of temporary nature and is concluded in the interests of consumers, in accordance with Article 13 of the Federal Law "On Protection of Competition".

Under Part 2 Article 12 of the Federal Law "On Protection of Competition" such an agreement can be concluded between retail organizations and economic entities - suppliers of food products, whose share on the federal market does not exceed 20%.