FAS Russia worked up a law for anti-competitive agreements

| By | FAS Russia
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On April 2, 2017, the Council of the Federation unanimously adopted a bill that establishes the differentiation of punishments for anti-competitive agreements and concerted actions based on the degree of their public danger.

For example, it is proposed to establish the highest administrative liability for cartel agreements. For officials, this will lead to a fine in the amount ranging from 40 thousand to 50 thousand rubles or disqualification for a period of 1 to 3 years; for legal entities, a fine in the amount ranging from 0.03 to 0.15 of the proceeds received by the offender from the sale of goods on the market.

For “vertical” agreements, it is proposed to reduce the administrative liability. The draft amendments to the Code of Administrative Offences of the Russian Federation establish the administrative liability for officials in the form of a fine ranging from 15 thousand to 30 thousand rubles or disqualification for up to 1 year; and for legal entities, in the form of a fine ranging from 0.01 to 0.05 of the proceeds received by the offender from the sale of goods on the market.

It is proposed to leave unchanged the administrative liability for agreements concluded by the authorities: a fine for officials in the amount of 20 thousand to 50 thousand rubles or disqualification for up to 3 years.