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Russia's fines for violating competition laws



Business and Finance

Russia raises a fine

Sputnik

Russia's fines for violating competition laws

MOSCOW – Russian antitrust authority is expected to impose a fine on its Samsung unit in Russia for breaking competition laws, leading to higher prices for some of its products.

The commission's vice-president, Andrei Tsarekowski, told the correspondents on Thursday that the official had not disclosed the value of the fine, but said that the company had coordinated the prices of smartphones and tablets in Russia illegally.

On April 22, the agency accused the electronics company of breaking competition laws in terms of selling smartphones and tablets to its customers, forcing traders to price and terms of sale.

Source: Agencies


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