The Russian Government signed a Decree that approved the criteria for assigning specific risk categories to legal entities and individual entrepreneurs. The category will determine the frequency of scheduled inspections conducted by the Federal Antimonopoly Service (FAS) of Russia in these economic entities.
The adopted decisions will help reducing the costs of legal entities and individual entrepreneurs associated with the state control over their compliance with antimonopoly legislation.
The document stipulates that:
- The average risk category will include retail chains with revenues from the sale of goods in the last calendar year in the amount of over 400 million rubles and economic entities of natural monopolies or those carrying out regulated activities with required gross revenue for the previous year in the amount of more than 10 billion rubles. The scheduled inspections of economic entities assigned to this category could be conducted no more than once in three years.
- The moderate risk category will include economic entities, with revenues of over 10 billion rubles in the previous year, that operate in manufacturing and sales of medicinal products and medical devices, medical services, communication services, transport services, housing and utilities sector, transportation of oil and oil products through pipelines, etc. The scheduled inspections of the economic entities assigned to this category could be conducted no more than once in five years.
- There will be no scheduled inspections of economic entities assigned to the low risk category.