FAS Russia and Rosfinmonitoring signed a protocol against cartel agreements

| By | Cartel Agreements, FAS Russia

On 17 August 2018, the Federal Antimonopoly Service of The Russian Federation (FAS) and the Federal Financial Monitoring Service (Rosfinmonitoring) signed an Additional Protocol to the Agreement on Information Interaction on exposing cartels and other forms of collusion concluded between the agencies in 2011.

The Protocol is signed under the frame of large-scale efforts on exposing and suppressing cartels and other anticompetitive agreements in order to expand such efforts in the regions.

Due to joint investigations in 2016 – H1 2018 FAS and its regional Offices opened 22 antimonopoly cases and made 15 decisions on violating the antimonopoly law. The cases mostly concerned supplies of pharmaceuticals and medical products, construction, food products for social and educational facilities. The administrative fines upon cartel members reached around 1 billion RUB.

Under the Agreement, FAS and Rosfinmonitoring exchange information to efficiently combat cartels. The work is especially successful in the budget areas – in the course of public procurement and procurement by state-run companies. The parties discussed high-level efficiency of the existing inter-departmental cooperation and expressed hope for further productive interaction at the regional level.

SOURCE: fas russia
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