Pepeliaev Group to feature on RBC TV speaking about the Russian Government’s initiative to impose stricter penalties for forming cartels

On 4 April 2013, the Russian Government held a hearing to examine the draft federal law to amend the Russian Criminal Code by imposing stricter penalties for forming cartels and for abuse of a dominant position on the market. 

“The proposal is that the draft law will make a number of amendments which should make the investigation of cartel agreements more effective and should help the antimonopoly and law enforcement authorities to understand, detect and counter such actions,” announced the Russian Prime Minister Dmitry Medvedev. 

Oxana Migitko, head of Pepeliaev Group’s commercial practice, believes that antimonopoly legislation already contains enough legal tools for the Federal Antimonopoly Service (FAS) to exercise effective regulation over the formation of cartel agreements. “The prohibitions on cartel agreements already exist now,” she explains. “The FAS has sufficient powers to punish the parties in a cartel.”