Gazprom Paid Fine for Fixing Monopolistically Price for Liquid Sulfur
OREANDA-NEWS. August 30, 2013. The Federal Arbitration Court of the Moscow Region dismissed a cassation appeal of “Gazprom” OJSC and upheld the rulings of Courts of First Instance and Appeal Court, which had confirmed legitimacy of a determination issued by the Federal Antimonopoly Service (FAS Russia) to hold “Gazprom” OJSC administratively liable for abusing dominance in the part of fixing and maintaining monopolistically high prices for liquid sulfur (Part 2 Article 14.31 of the Code on Administrative Violations).
The Antimonopoly Service analyzed pricing for complex mineral fertilizers (phosphate-containing fertilizers), and upon the findings initiated an antimonopoly case against a group of persons comprising “Gazprom” OJSC, “Gazprom Dobycha Astrakhan” Ltd, ” “Gazprom Dobycha Orenburg” Ltd, “Gazpromsera” Ltd. and “Gazpromtrans” Ltd.
On 9th June 2012, the FAS Commission found that “Gazprom” OJSC" violated Part 1 Article 10 the Federal Law “On Protection of Competition” (fixing and maintaining monopolistically high prices).
The Antimonopoly Service fined the company over 17.5 million Rubles.
Courts of three instances pronounced legitimacy of the FAS decision. Currently reasonableness of holding the company administratively liable and imposing the fine has also been confirmed.
“The Court completely confirmed the rightness of FAS decision with regard to the size of the sanctions imposed upon “Gazprom” for violating the antimonopoly law on the sulfur market”, commented the Head of FAS Department for Control over Chemical Industry and Agro-Industrial Complex, Anna Mirochinenko.]
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