The Federal Antimonopoly Service of Russia proposes new pricing guidelines

Introduction In October 2012, the head of the Federal Antimonopoly Service of Russia (FAS) presented new pricing Guidelines for Russian companies [1]. The document discusses various benchmarks for “fair” or “economically justified” prices that can be charged to domestic customers. Although the document does not say so explicitly, it can be presumed that whenever actual prices significantly deviate from the proposed benchmarks, producers run the risk of infringing competition rules. The FAS’s attention to the problem of fair economic prices is related to the extremely high number of excessive pricing cases in Russia. Abuse of dominance is one of the most significant areas of the authority’s work: the FAS considered more than such 3000 cases in 2011. Of these, a significant proportion falls

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Vitaly Pruzhansky, Jan Peter van der Veer, The Federal Antimonopoly Service of Russia proposes new pricing guidelines, 26 October 2012, e-Competitions October 2012, Art. N° 50362

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