icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
30 Jul, 2008 07:07

Anti competitive behaviour could lead to jail

Anti competitive behaviour could lead to jail

Russian Managers found guilty of anti-competitive behaviour could face time in jail. Federal Anti-monopoly Service chief, Igor Artemyev, has proposed several changes to competition law, at a meeting with Prime Minister Vladimir Putin.

Currently, the Federal Anti-monopoly Service has the right to fine companies from 1 to 15 percent of turnover. The penalties will be proportionate to the damage they've done to the state.

The law introduced in 2006 defined creation of cartels as a criminal offense, the definition is very similar to that in European law. In Russia the law doesn't work yet, however we hope that we will be able to change that within the next three weeks. In Europe one gets up to 10 years in prison for participating in a cartel.

Podcasts
0:00
23:13
0:00
25:0