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MIL OSI Translation. Region: Russian Federation –

Source: State University of Management – Official website of the State University –

Source: RIAMO

The changes proposed to be introduced into the Federal Law “On the Protection of Competition” and relating to the decoupling of prices in the Russian Federation from global indicators cause a lot of controversy. However, it is proposed to remove the focus on world prices when determining only the monopolistically high (or low) price of a product, said the director of the IEF GUM, Dr. n. Galina Sorokina.

The point is that if, in connection with the sanctions imposed on Russia, world prices rise sharply, then the absence of a link to them will not allow Russian monopolists to sharply increase prices, as has happened so far, for example, in markets where the Russian Federation is the main exporter , the expert notes.

“A situation was created of double super-profits both from the export of products and from rising prices within the country,” Sorokina emphasizes.

At the same time, the Federal Antimonopoly Service (FAS) can use exchange and over-the-counter price indicators established on world markets for similar goods when determining the monopolistically high price of a product, she says.

“That is, the main risks of the proposed changes are borne by monopolists or companies close to a monopoly position in the market,” explains Sorokina.

The State Duma adopted in the first reading a bill that will allow the FAS not to take into account global indicators when determining the monopoly high and low prices of goods within Russia.

Subscribe to the tg channel “Our State University” Publication date: 02.29.2024

RIAMO

The changes proposed for inclusion in the Federal Law “On the Protection of Competition” and concerning the decoupling of prices in the Russian Federation from global indicators…

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Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)