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FAS OF RUSSIA INTENDS TO RESTRAIN ABUSE OF YOUTUBE IN THE MARKET

... established that a number of rules applied by YouTube cannot boast of transparency and predictability. This position is expressed on the official website of the Antimonopoly Service. It should be noted that Google is not the only company against which the FAS of Russia has initiated a case. A week ago, the same thing happened to the Russian giant Yandex, the claims to which consisted of non-fulfillment of the orders of the antimonopoly authority that had been made earlier. According to the FAS, the Russian ...

THE BUSINESS PROPOSED LABELING ALL PARALLEL IMPORTS

All goods that are imported into Russia through parallel imports must be labeled in the same way as perfumes, shoes, fur products, etc. are already labeled. The need for labeling was stated by the Federal Antimonopoly Service (FAS) in the draft on the development of competition by the end of 2023. The Federal Antimonopoly Service noted the importance of parallel imports in providing the domestic market with foreign goods without Russian analogues, Izvestia writes. Currently,...

"NATSARBITR" IS SUSPECTED OF IGNORING COMPETITION RULES

Antimonopoly officers found a violation of the law "On Protection of Competition" in the activities of the "National Organization of Arbitration Managers" ("National Arbitrazh"). According to the FAS, the association illegally coordinates economic activities, violating the provisions of the regulatory act (part 5 of Article 11). The reason for this is the standards adopted by the association. The above-mentioned rules assume that it is impossible ...

Foreign currency contracts may be banned on the territory of Russia

The Federal Antimonopoly Service proposed to adopt a draft law prohibiting the linkage of domestic contracts to the exchange rate, as well as to world trade indices. Experts believe that the measure can lead both to the refusal of counterparties to conclude long-term agreements, and to the desire to receive a 100% prepayment. Such conditions in contracts are usually used by the parties in order to secure against the depreciation of the ruble. Often the initiators are foreign owners of real estate...

Why have the prices of goods increased in Russia?

Over the past month, a significant increase in prices for goods has been noted in various trade segments. This applies to both clothing and footwear, as well as perfumes, cosmetics and even personal care products. But what is the reason if many goods were not purchased, but stored in warehouses? Since the end of February, prices for a large number of goods from different categories began to rise in Russia at once. First of all, this is due to the difficulties that the sellers themselves faced:...

TINKOFF BANK FILED A 677 MILLION RUBLES CLAIM AGAINST MEGAFON

Tinkoff Bank filed a claim with the Moscow Arbitration Court to recover 677.1 million rubles from Megafon company. In recent months, this is already the third claim of the bank to mobile operators. Earlier, proceedings were initiated against VimpelCom PJSC (the amount of claim was 437 million rubles) and MTS (the amount to be collected was 1.1 billion rubles). In each process, the Federal Antimonopoly Service was declared as a third party. The claim filed against MTS is related to the earlier decision...

TINKOFF FILED A LAWSUIT AGAINST VIMPELKOM

On May 31, the Moscow Court of Arbitration received a claim from Tinkoff Bank with claims against VimpelCom for 436.8 million rubles. Earlier, Tinkoff has already filed claims against telecom operators. The claim has not yet been accepted for consideration, the Federal Antimonopoly Service has been declared a third party in the case. We should note that in March, the bank filed a lawsuit against MTS with a claim for over 1.1 billion rubles. The reason was the operator's unreasonably high prices...

FEDERAL ANTI-MONOPOLY SERVICE WILL CHECK YANDEX OVER THE USE OF ANTI-COMPETITIVE PRACTICES

... widget that supposedly "takes" the user to the company's own services, thereby providing a competitive advantage. Last summer, many well-known services, including Avito, CIAN and Profi.ru reported the problem. The companies complained to the FAS about Yandex's use of methods that give priority to the search engine's own products. Then the FAS obliged the search engine to stop this practice. In March of this year, a demand appeared from twenty Russian companies, which reminded of the need ...

BOOKING.COM IS ABOUT TO SUE FEDERAL ANTIMONOPOLY SERVICE

An application to contest the decision regarding Booking.com Company, made by the FAS, has recently been submitted to the Arbitration Court of the city of Moscow. The company does not agree with the opinion of the antitrust authority that the plaintiff is abusing its position in the market. The question concerns the prices that hoteliers ...

RUSSIAN BANKS VOTED FOR PROHIBITION OF ADS RELATED TO BANKRUPTCY

... who decide to get rid of debts through the procedure of out-of-court bankruptcy. Banks are in favor of fully informing Russians about all the aspects of this procedure, including the risks and negative consequences. The Association suggested that the FAS add amendments to the law "On Advertising" so as not to mislead the citizens. First of all, banks consider unacceptable promises to terminate financial obligations, using the wordings that cause misunderstanding and, as a result, serious ...

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